I have just been advised by my broker that my Becontree Heath property lawyer is not on the bank Conveyancing panel. How can I be certain whether this is indeed the case?
The sensible course of action for you to take is to contact your Becontree Heath conveyancer. You lawyer should notify you of the situation. Where they are not on the panel they may be able to suggest a Becontree Heath conveyancing firm that is on the approved list of lawyers for your lender.
At what point will exchange of contracts occur in purchase conveyancing in Becontree Heath and am I required to attend the conveyancers branch?
If you are in close proximity to one of the conveyancing solicitors in Becontree Heath you are welcome to come in to sign contracts. However, the firms we recommend provide countrywide coverage for conveyancing and provide just as detailed and professional a job for you when communicating with you digitally. The executing of the contract is not when everything is set in stone. Signing on the dotted line is necessary for the solicitor to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Becontree Heath)to be in the office at the appropriate time.
I was told four weeks ago that my mortgage has been agreed to by TSB. Is it usual for TSB to only issue the offer once my solicitor in Becontree Heath is approved on their conveyancing panel? TSB have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
UBS have agreed my mortgage in principle, my offer on a apartment in Becontree Heath has been agreed to, now what?
The estate agent will wish to know who your solicitors are (ensure that the lawyers are on the bank’s approved list). Contact UBS or the financial adviser and finish off any relevant paperwork. UBS will sellect a valuer who will get in touch with the selling agent or vendor to book an appointment. Once carried out (assuming no problems) it takes approximately ten days to get a mortgage offer. UBS will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Becontree Heath.
At last I have had an offer on an apartment in Becontree Heath agreed to, the vendors do however have an associated purchase. The vendors have placed an offer on a flat, however it’s not been accepted yet, and have viewings of other properties in the pipeline. I have instructed a nearby conveyancing solicitor in Becontree Heath. What should be my next step? At what point do I apply for the mortgage with Kent Reliance?
It is usual to have apprehensions where there is a chain as you are unlikely to want to incur costs too early (home loan application is approx one thousand pounds, then valuation, Becontree Heath conveyancing search costs, etc). First, you should check that your solicitor is on the Kent Reliance approved list. Concerning the subsequent stages this very much dictated by the uniqueness of your case, motivation for the property and on the state of the market. During a buoyant market some buyers would apply for a home loan with Kent Reliance and arrange for the valuation and only if it was satisfactory would they pay their solicitor to move forward with searches.
What can a local search tell me about the house my wife and I purchasing in Becontree Heath?
Becontree Heath conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search company such as Onsearch The local search is essential in every Becontree Heath conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your property. The search will reveal information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
I own a renovated Edwardian property in Becontree Heath. Conveyancing solicitor acted for me and Aldermore. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Becontree Heath and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing practitioner who carried out the work.
I am looking for a leasehold apartment up to £235,500 and identified one near me in Becontree Heath I like with a park and transport links nearby, however it's only got 49 years on the lease. There is not much else in Becontree Heath suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term will likely be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.