Do the Building Society Association intend to launch a search tool with a view to to identify law firms on the Coventry BS conveyancing panel for example in Maida Vale?
We have not been informed any plans on the part of the BSA to develop such a tool.
I note that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when acquiring a residence in Maida Vale? or I am told that there is a law dating back centuries that means some homeowners residing in a parish church boundary may be liable to pay for repairs towards the chancel in proximity to the church. Is this a legitimate concern for conveyancing in Maida Vale?
Unless a previous acquisition of the premises took place after 12 October 2013 you may assume that solicitors delivering conveyancing in Maida Vale to remain recommending a chancel search and or chancel repair liability insurance.
My wife and I purchased a terraced Victorian house in Maida Vale. Conveyancing practitioner acted for me and TSB. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Maida Vale and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with the conveyancing solicitor who conducted the purchase.
How does conveyancing in Maida Vale differ for newly converted properties?
Most buyers of new build premises in Maida Vale come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is ready to move into. This is because new home sellers in Maida Vale usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Maida Vale or who has acted in the same development.
I am using a search engine for the term on line conveyancing in Maida Vale it brings up many property lawyersin the area. How do I determine which is the suitable conveyancing solicitor for purchase transaction?
The preferential way of finding the right conveyancer is through a personal recommendation, so enquire of colleagues and family who have bought a property in Maida Vale or a reputable estate agent or financial adviser. Costs for conveyancing in Maida Vale differ, so it's advisable to request at least four fee estimates from different companies. Make sure that you clarify that the charges are assured not to to be inflated.
We today found out that one of the directors of the firm undertaking the purchase conveyancing in Maida Vale is an aunty of the vendor. Is this permitted?
As long as no conflict arises this is permitted. If you are requiring mortgage finance then the lender may have a say as many mortgage companies have specific requirements on this. For example for Chelsea Building Society as of 24/4/2024, the requirements read as follows :
* there is no conflict of interest and none arises during the transaction
* the firm is a partnership
* the conveyancer acting is not the borrower or a member of the borrower's immediate family.