I have just been advised by my IFA that my Hurst Green property lawyer is not on the lender Solicitor panel. What can I do to check?
You need to contact your Hurst Green conveyancer. You lawyer should advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your lender.
At what point can the exchange of contracts happen for residential conveyancing in Hurst Green and do I need to attend the conveyancers office?
If you are near to one of the conveyancing solicitors in Hurst Green you are invited in to sign documents. That being said, the lender approved solicitors we recommend supply countrywide coverage for conveyancing and give just as detailed and professional a job for you when communicating with you by post or email. The signing of the purchase agreement is not the point of no return. Signing on the dotted line is just a prerequisite for the firm to address the formalities when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Hurst Green)to be in the office at the appropriate time.
It has been four months since my purchase conveyancing in Hurst Green took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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 asset 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.
How do I search for a Hurst Green law firm on the Birmingham Midshires conveyancing panel? I am a keen cyclist and am willing to travel upto 20kilometers to meet the lawyer.
You can use the search on this page. Please select a mortgage company and your location and you will see a number of Hurst Green conveyancing lawyers located nearest you. We have detailed some Hurst Green conveyancing firms at the bottom of this page and you can call them to check whether they are on the Birmingham Midshires panel
I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a great figure which is making it more attractive. I have since discovered that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns buying a leasehold house in Hurst Green. Conveyancing solicitors have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Hurst Green ?
The majority of houses in Hurst Green are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. It is clear that you are purchasing in Hurst Green in which case you should be looking for a Hurst Green conveyancing solicitor and be sure that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as requiring the landlord’sconsent to conduct alterations. You may also be required to pay a maintenance charge towards the maintenance of the estate where the property is part of an estate. Your conveyancer should appraise you on the various issues.
Hurst Green Leasehold Conveyancing - Examples of Queries Prior to buying
-
Does the lease include onerous restrictions? This information is helpful as a) areas could result in problems in the building as the common areas may begin to deteriorate if services remain unpaid b) if the tenants have a dispute with the managing agents you will want to know about it
We are hoping to buy a three room housein Hurst Green with a mortgage from a mortgage company. We would like to retain our lawyer in Hurst Green but our lender advise she’s not on their "panel". Apparently we need to choose one of the our bank panel firms or keep our Hurst Green conveyancer and pay for one of their panel ones to represent our mortgage company. This seems very unfair; is there anything we can do?
No, not really. The bank mortgage issued is subject to its terms and conditions, one of which will be that lawyers will on the mortgage company's conveyancing panel. Until recently, most banks had open panels, including most conveyancing solicitors in Hurst Green : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for your lender.