My wife and I are purchasing a property in Hinckley. It might be a silly question but how we can trust a conveyancer? On the day of competition we will need to send money into their account. What protection do we have from them run away with our deposit?
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.
I am expecting a DIP from Leeds Building Society this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Leeds Building Society recommend any Hinckley solicitors on the Leeds Building Society conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Hinckley solicitors independently although you'll need to choose one on the Leeds Building Society conveyancing panel. The solicitor represents both you and Leeds Building Society through the process.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Hinckley bank branch on a couple of occasions and was advised it wasn't an issue and they will lend. My Hinckley conveyancing solicitor - who is on the bank conveyancing panel- called to say that they refuse to lend in accordance with their published requirements. I simply don't know who is right.
Provided that the solicitor is on the lender approved list, she or he must adhere to the Council of Mortgage Lenders’ Handbook specifications for the bank. 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 bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Hinckley?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Hinckley. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a leasehold apartment up to £305k and identified one near me in Hinckley I like with amenity areas and transport links in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Hinckley for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan that many years will likely be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
I'm refinancing my primary property to a BTL loan with Halifax and intend to use the remaining equity towards another property. The location we are looking at is Hinckley. Will your lawyers be able to act for the two mortgage companies and link together the conveyances?
Make use of our search tool on this site to ensure that the conveyancers are on the relevant lender panels. Assuming that they are the solicitor should be able to connect the two transactions but you should talk with you lawyer and communicate your expectations and requirements.
I am one month into a residential purchase having been directed to solicitors by the high street agent to carry out the conveyancing in Hinckley. I am not happy. Could you you assist me in finding new solicitors?
They would have to be really poor in order to consider changing them. Has the mortgage been sent? If so you need to make them aware of the new contact details and ensure the loan are issued to the new lawyers. Your conveyancer needs to be on the banks panel to avoid added charges and complications. That should be your first question of the new solicitors. The find a solicitor tool should help you find a lender approved solicitor for your home move in Hinckley
What are my options where I am dissatisfied with the property lawyer who handled my conveyancing in Hinckley?
We live in an imperfect world, and is is a fact of life that every so often matters do not go as planned. That being said there is recourse where you were not happy with your conveyancing in Hinckley. This varies from trying to resolve matters directly with them, through to reporting a solicitor to their governing body. If things still aren’t sorted out you may consider enlisting the help of the Legal Ombudsman.