Me and my wife are purchasing an apartment in Cookham. My property lawyer is not listed on the lender solicitor panel. Am I still permitted to retain my Cookham conveyancing solicitor notwithstanding that they are not on the mortgage company approved list?
You must instruct a lawyer to deal with the formalities when you take out a loan to buy your property. They will conduct all the appropriate legal checks on the property, make sure that you will be properly registered as the owner and ensure that all the necessary mortgage documentation is in order. You may select a Cookham conveyancer of your choosing. Nevertheless, where the solicitor appointed is not on the mortgage company solicitor panel additional fees will be incurred as separate legal representation will be need by the bank. Conveyancing panel applications can be submitted, so provided your lawyer has not in the past applied for membership they can do so.
Can your site be used to find a Conveyancing solicitor in Cookham even where I’m not purchasing or disposing of a house, for instance where I want to acquire a shop in Cookham with a mortgage from Coventry Building Society?
The service is predominantly used to help choose domestic conveyancing solicitors in Cookham but we have set out towards the end of this page a few Cookham commercial conveyancing firms. You will need to enquire with the solicitors directly to check if they are also authorised to represent Coventry Building Society
Do I need to pay for insurance to cover chancel repairs when acquiring a house in Cookham?
Unless a prior acquisition of the property took place post 12 October 2013 you may expect lawyers handling conveyancing in Cookham to continue to propose a a chancel search and or chancel repair liability insurance.
It has been 3 months since my purchase conveyancing in Cookham concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. 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 premises 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.
How does conveyancing in Cookham differ for newly converted properties?
Most buyers of new build property in Cookham come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is constructed. This is because house builders in Cookham usually buy the site, 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 conveyancers 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 Cookham or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Cookham prior to instructing solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some banks tend refuse to issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Cookham. Conveyancing will be smoother if you use a solicitor in Cookham especially if they are acquainted with such properties in Cookham.