My partner and I are buying a leasehold flat in Huntingdon. My Solicitor has never been on on the mortgage company conveyancing list. Am I still permitted to appoint my Huntingdon conveyancing solicitor notwithstanding that they are excluded from the mortgage company list of approved lawyers?
One will need to have a conveyancer to deal with the legal work required if you take out a mortgage to buy your home. The solicitor will conduct all the relevant due diligence on the property, make sure that you will be properly registered as the owner and ensure that all the required mortgage paperwork is in place. You can appoint a Huntingdon lawyer of your choice. However, if the conveyancer appointed is not a member of the lender approved list further fees will be levied as separate legal representation will be required by them. Lender panel applications may be submitted, so if your solicitor has not previously sought membership they should take the chance to apply.
Why is leasehold purchase conveyancing in Huntingdon costs more?
The conveyancing fees for a leasehold premises in Huntingdon is inevitably greater as compared to a freehold property. This is because there is an amount of supplemental work required in liaising with the freeholder and management company to obtain evidence concerning whether the rent and maintenance fee have been discharged and whether there are any significant expenditure in the near future on repairs or maintenance of the building.
We wanted to use a conveyancing solicitor in Huntingdon for our house move. Our financial adviser informed us that our bank Yorkshire Building Society won't deal with them. Surely this is unfair competition?
A mortgage company can direct that a panel solicitor act for it. You would be expected to bear the cost of this. Try using our search facility to find a solicitor to carry conveyancing in Huntingdon on the Yorkshire Building Society approved list of solicitors.
Me and my partner are buying a property in Huntingdon. It might be a silly question but how we can trust a solicitor? At some point we have to deposit our life savings into their account. What protection do we have from them run away with our monies?
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.
This question may be naive but I am new to the process as a 1st time buyer of a two bedroom flat in Huntingdon. Do I receive the keys to the house on the completion date from my solicitor? If so, I will appoint a local conveyancing solicitor in Huntingdon?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the vendor’s solicitors, and once they have received this, you should be able to collect the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.
I currently have a mortgage with UBS for my property in Huntingdon. Conveyancing was finalised some time ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform UBS?
You must advise UBS in advance of renting your property as this is likely to be a breach of UBS’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact UBS directly. You need not do this via a UBS conveyancing panel firm.
I used Action Conveyancing several years past for my conveyancing in Huntingdon. Now, I need the documents however cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Huntingdon of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
What does commercial conveyancing in Huntingdon cover?
Commercial conveyancing in Huntingdon incorporates a wide array of advice, given by regulated solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.