Just contacted my conveyancing solicitor in Chantry who completed the legal work 18 months ago requesting a conveyancing estimate based on an identical type of house move (a leasehold residence and a freehold premises) of similar values with a mortgage from Santander. It looks as though am now being quoted twice the amount. Should I hunt for a cheaper online conveyancer?
The charges are a tad high. If you you were to look around you could get the conveyancing a bit cheaper by as much as a hundred pounds. That being said, providing that you were satisfied with the conveyancing the firm offered you couldlive to rue opting for an a cheaper conveyancer. If is important to be sure that the firm can represent Santander. Do employ our search tool to select a Chantry conveyancing firm on the Santander approved list of lawyers, which can often include conveyancing solicitors in Chantry.
Our lawyer has identified a a legal deficiency with the lease for the property we are purchasing in Chantry. The seller’s lawyers have put forward defective title insurance as a solution. We are content with insurance and will cover the costs. Our property lawyer has advised that he must ensure that the lender is happy with this solution. Who is the client here, us or the bank?
Notwithstanding that you have a mortgage offer from the lender does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the lender are the client. The appropriate lender requirements must be adhered to.
It is 10 years ago since I bought my property in Chantry. Conveyancing lawyers have just been instructed on the sale but I can't track down the title deeds. Is this a major issue?
You need not be too concerned. First the deeds may be retained by your lender or they may be in the possession of the conveyancers who acted in the purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers procuring current official copies of the land registers. Most conveyancing in Chantry involves registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
I have justdiscovered that Stirling Law have closed. They carried out my conveyancing in Chantry for a purchase of a freehold house 10 months ago. How can I establish that the property is not still registered in the name of the former proprietor?
The easiest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Chantry conveyancing specialists.
Over the last few months I have been searching for a flat up to £235,500 and identified one close by in Chantry I like with a park and railway links in the vicinity, however it only has 61 remaining years left on the lease. I can't really find anything else in Chantry in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage that many years will likely be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
My step-father has recommend that I appoint his conveyancing solicitors in Chantry. Do I follow his recommendation?
Much as we are happy to recommend a Chantry conveyancing lawyer the best way to choose a conveyancing practitioner is to seek recommendations from friends or relatives who have experience in using the solicitor you're contemplating using.