I had intended to instruct a property lawyer in Laceby for our house move. Our broker informed us that our mortgage company Godiva Mortgages Ltd won't deal with them. Surely this is unduly restrictive?
A mortgage company can direct that an approved conveyancer act for it. You would be liable to bear the cost of this. Please make use of our search facility to find a solicitor to carry conveyancing in Laceby on the Godiva Mortgages Ltd conveyancing panel.
My wife and I are purchasing a flat in Laceby. It might be a silly question but how we can trust a lawyer? On the day of competition we will need to deposit our life savings 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.
is it true that all Laceby solicitor practices on the Coventry BS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Coventry BS conveyancing panel they would need to be regulated by the SRA. Many lenders do permit licenced conveyancers on their panel and in such a situation the firms would be overseen by the Council of Licensed Conveyancers.
My wife and I are at the point of looking at flats in Laceby and I am about to put in an offer. Is it wise to have my property lawyer on ‘stand by’? I will be getting a home loan with Clydesdale.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are obtaining a mortgage with Clydesdale, make sure you remember to check that your lawyer is on the Clydesdale conveyancing panel.
How does conveyancing in Laceby differ for newly converted properties?
Most buyers of new build or newly converted property in Laceby approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is finished. This is because developers in Laceby tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Laceby or who has acted in the same development.
I decided to have a survey carried out on a house in Laceby before retaining solicitors. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some banks tend refuse to grant a mortgage on such a home.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. If you e-mail us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Laceby. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Laceby to see if the conveyancing will be more expensive.
I'm converting the mortgage on my current home to a buy to let mortgage with Nottingham Building Society and I will use the rest of the raised equity as a down payment on further house. The location we are looking at is Laceby. Will your lawyers be able to act for the two mortgage companies and tie in the conveyances?
Do use our comparison tool on this site to ensure that the solicitors are on the appropriate lender panels. On the basis that they are the lawyer will be able to connect the two deals but you should have a chat with you lawyer and specify your desired outcome and requirements.
Back In 2001, I bought a leasehold flat in Laceby. Conveyancing and Virgin Money mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1998. The conveyancing solicitor in Laceby who acted for me is not around. What should I do?
The first thing you should do is make enquiries of HMLR to make sure that this person is indeed the new freeholder. There is no need to incur the fees of a Laceby conveyancing solicitor to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Leasehold Conveyancing in Laceby - Examples of Questions you should consider Prior to Purchasing
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How is the lease structured? This information is important as a) areas could result in problems in the building as the common areas may begin to deteriorate where maintenance remain unpaid b) if the leaseholders have an issue with the managing agents you will want to have full disclosure