Finally the sale completed on my house in Freshwater last January but our buyer keeps Skype messaging me to moan that his lawyer needs to hear from mine. What should my lawyer have done now that I have sold?
After completion of your disposal your lawyer should forward the transfer deeds and all additional paperwork to the buyer’s solicitors. If applicable, your solicitor should also send confirmation that the legal charge in favour of the lender has been redeemed to the buyers lawyers. There are no post completion steps specific conveyancing in Freshwater.
I am considering applying for a UBS mortgage for purchase of a newly converted (under development) in Freshwater with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for UBS ?
In theory, you could use a solicitor that is not on the UBS conveyancing panel, but UBS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Can you help - my lawyer advises that missing deeds insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Freshwater?
The right level of missing deeds indemnity insurance should be dictated by who who your lender is. It would differ for example between Accord Mortgages Ltd and Chelsea Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
I am currently in the process of buying my council flat in Freshwater. I have a mortgage agreed with Leeds Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
I can not work out if my mortgage offer requires a lease extension. I have called into my local Freshwater bank branch on numerous occasions and was told it does not affect the mortgage offer and they will lend. My Freshwater conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they will not lend in accordance with their specific requirements. I have no idea who is right.
Provided that the solicitor is on the mortgage company approved list, she or he must adhere to the Council of Mortgage Lenders’ Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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 mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Me and my brother have a 4 bedroom Victorian house in Freshwater. Conveyancing lawyer acted for me and Clydesdale. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Freshwater and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with your conveyancing practitioner who conducted the purchase.
I'm converting the mortgage on my primary house to a BTL loan with Britannia and I will use the ballance of the raised equity as a down payment on another house. The location we are looking at is Freshwater. Will your lawyers be able to act for the two banks and tie in the two deals?
Make use of our comparison tool on this site to check that the conveyancers are on the appropriate lender panels. Having checked that they are the lawyer should be able to tie up the two deals but you should have a chat with you lawyer and communicate your expectations and requirements.
What is the best way to find the right lawyer for my conveyancing in Freshwater ?
First ask the people you trust they would would seek assistance from. Option 2 is to look on the internet for conveyancing in Freshwater. Phone two or three from the list and ask them to email you their conveyancing estimate and speak to the lawyer who will conduct your conveyancing before you make your choice. Third is to make use of this site to help you find the right solicitors for you based on your unique requirements including location,speed, complexity and who your intended lender is.Resist the temptation to appoint £99 conveyancing solicitors in Freshwater