We are purchasing our first property. Our solicitor has texted usto ask if we would like to order supplemental conveyancing searches. Frankly we have no idea as to what's necessary for conveyancing in Cambridge
The scope of Cambridge conveyancing searches depends entirely on the premises, the location, the likelihood of any of these risks, your familiarity of the locality and risks, your general attitude to risk. What is important is that you adequately understand what information the searches could provide. You may then decide if you personally think you need that information. Where you are uncertain, ask your property lawyer to explain.
My aunt passed away six months ago and as sole heir and executor I was left the property in Cambridge. The house had a relatively small loan left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this possible?
If you intend to refinance then Santander will require that you use a conveyancer on the Santander conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Santander conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Santander mortgage is registered as a charge at the Land Registry.
Intending to buy a maisonette in Cambridge. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Cambridge solicitor is on the Yorkshire BS conveyancing panel.
I have instructed a Cambridge conveyancing practitioner having made sure that they are on the Kent Reliance conveyancing panel. Does my lawyer arrange the survey of the property?
Kent Reliance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Kent Reliance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Cambridge surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Our offer on a house in Cambridge has been agreed to, but there is a chain. The vendors have offered on somewhere, however it’s not been accepted yet, and have viewings of other properties in the pipeline. I have selected a bricks and mortar conveyancing solicitor in Cambridge. What do I do now? At what point should I apply for the mortgage with Barclays?
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 in the region of one thousand pounds, then survey, Cambridge conveyancing search costs, etc). The first course of action is to ensure that your conveyancer is on the Barclays approved list. Concerning the next phase this very much dictated by the uniqueness of your case, motivation for the property and on the state of the market. During a hot market some home buyers would apply for the mortgage with Barclays and arrange for the valuation and only if it was satisfactory would they request their conveyancer to proceed with the conveyancing in Cambridge.
I used Action Conveyancing a few years ago for my conveyancing in Cambridge. Now, I need my files however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Cambridge of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Cambridge is the location of the property. Can you shed any light on this issue?
Flying freeholds in Cambridge are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cambridge you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cambridge may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I'm refinancing my current home to a BTL loan with Bank of Scotland and intend to use the remaining equity towards another house. The location we are talking about is Cambridge. Will your solicitors be able to act for the two mortgage companies and link together the transactions?
Make use of our search tool on this site to ensure that the lawyers are approved by both banks. Having checked that they are your solicitor will be able to tie up the two transactions but you should have a chat with you lawyer and make apparent your expectations and needs.