I have just been advised by my mortgage adviser that my Cudworth lawyer is not on the bank Conveyancing panel. How can I check?
You need to contact your Cudworth lawyer directly. You lawyer should inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
Why do I have to pay up front for conveyancing in Cudworth?
Where you are retaining lawyers for conveyancing in Cudworth your lawyer will request that you to provide them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. When the down payment is payable against the sale price then this will be asked for immediately before exchange of contracts. Any further balance that is needed should be sent to your lawyer a few days prior to the day of completion.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Cudworth is the location of the property. What do you suggest?
Flying freeholds in Cudworth are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cudworth you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cudworth may decide 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 residence.
I was pointed in your direction by a number of selling agents in Cudworth to locate a conveyancer using your seach tool. What’s the financial advantage for Estate Agents to recommend your site over and above alternative conveyancing organisations?
We refuse to offer any commission for pointing buyers and sellers to this site. We thought it would be too underhand to pay a commission as a client could think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
I need to retain a conveyancing solicitor for residential conveyancing in Cudworth. I happened to chance upon a site which looks to be the perfect offering If there is a chance to get all formalities completed via phone that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Estate agents have just been given the go-ahead to market my garden flat in Cudworth. Conveyancing solicitors are to be appointed soon, but I have recently had a half-yearly maintenance charge invoice – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as normal because all ground rent and maintenance invoices will be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Cudworth Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to buying
-
Best to be warned whether a new roof is being installed or some other significant cost is due in the near future to be shared by the tenants and could well dramatically increase the the maintenance charges or result in a specific invoice. Is the freehold owned jointly by the leaseholders?