My flat in Hadleigh is up for sale and I have a buyer. Does the conveyancing practitioner need to be on the Leeds Building Society conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Leeds Building Society conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.
We are purchasing a property in Hadleigh. It might be a silly question but how we can trust a lawyer? At some point we will need to send funds into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We had appointed conveyancers with offices in Hadleigh on the Santander solicitor approved list. They have just billed me a supplemental charge for handling the Santander mortgage. Is this an additional conveyancing fee set by Santander?
Unfortunately, so long as it is in their Terms of Engagement or estimate then yes your lawyer is entitled to levy a fee for this. The charge is not dictated by Santander but by your Hadleigh conveyancer. Some firms on the Santander panel will quote ’dealing with mortgage’ fee but many firms include it on their overall fee.
I have decided to exercise my right to buy my property in Hadleigh off the council. I have a mortgage offer with Clydesdale. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use 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 Clydesdale, you will need to appoint a solicitor on the Clydesdale conveyancing panel.
four months have gone by since my purchase conveyancing in Hadleigh concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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.
I have been on the look out for a flat up to £305k and identified one near me in Hadleigh I like with open areas and transport links in the vicinity, the downside is that it's only got 61 years on the lease. There is not much else in Hadleigh in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage that many years will likely be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
My partner has suggested that I use his conveyancers in Hadleigh. Do I follow his recommendation?
No doubt the ideal way to find a conveyancing practitioner is to seek recommendations from friends or family who have previously instructed the conveyancer that you are contemplating using.
I need to review estimates for conveyancing in Hadleigh from various solicitor and decide on one. Do I instruct them to hold tight until I have found somewhere to acquire.
We suggest that you wait to ask your conveyancer to commence work and apply for searches after the sales confirmation has been sent by the selling agent especially as Hadleigh conveyancing searches are not inexpensive.