I was told yesterday by my broker that my Bury property lawyer is not on the mortgage company Solicitor panel. What can I do to check?
The sensible course of action for you to take is to contact your Bury conveyancer. You lawyer should advise you what has happened. Where they are not on the panel they may recommend you to a Bury conveyancing practice that is on the conveyancing panel for your lender.
My lawyer in Bury is not listed on the Bank of Ireland Solicitor Panel. Is it possible for me to retain my prefered solicitor even though they are not on the Bank of Ireland list of approved lawyers?
Your options are as follows:
- Complete the purchase with your preferred Bury lawyers but Bank of Ireland will need to retain a lawyer on their panel. This will inevitably rack up the overall legal charges and result in frustration.
- Choose a new lawyer to act in the conveyancing, not forgetting to check they are Bank of Ireland approved.
- Persuade your Bank of Ireland solicitor to seek to join the Bank of Ireland panel
Can I be sure that the Bury conveyancing solicitor on the HSBC panel is any good?
When it comes to conveyancing in Bury getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor conducting your conveyancing.
My husband and I have arranged the release of further monies on our home loan from Coventry BS as we intend to carry out renovations to our home in Bury. Are we obliged to choose a nearby Bury solicitor on the Coventry BS conveyancing panel to deal with the paperwork?
Coventry BS don't usually require a member of their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS conveyancing panel.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Bury bank branch on various occasions and was told it wasn't an issue and they will lend. My Bury conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they will not lend based on their specific requirements. Who do I believe?
Your property lawyer must comply with the Council of Mortgage Lenders’ Handbook Part 2 requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
2 months have elapsed since my purchase conveyancing in Bury completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build apartment in Bury. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Bury
Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are surveyor prepared.
Is there a distinction between surveying and conveyancing in Bury?
Conveyancing - in Bury or anywhere in England and Wales - is the legal term given to transferring legal title of property from one person to another. It involves the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are buying and will help you find out about the condition of the building and, if there are problems, give you leverage for negotiating the buying price down or asking the seller to remedy the defects before you move in.