What is the first thing I need to know concerning purchase conveyancing in Leicester?
Not many law firms or advisers will tell you this but conveyancing in Leicester and elsewhere in England and Wales is an adversarial experience. In other words, when it comes to conveyancing there is lots of opportunity for conflict between you and other parties involved in the ownership transfer. For instance, the vendor, property agent and even potentially a mortgage company. Selecting a solicitor for your conveyancing in Leicester an important selection as your conveyancer is your adviser, and is the ONE person in the legal process whose interest is to act in your best interests and to protect you.
On occasion a third party with a vested interest may try and sway you that you should follow their advice. As an example, the estate agent may claim to be helping by suggesting your conveyancer is wrong. Or your financial adviser may tell you to do take action that is contrary to your lawyers recommendation. You should always trust your lawyer above all other parties in the home moving process.
I am purchasing a property and require a conveyancing solicitor in Leicester who is on the Alliance & Leicester approved. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Alliance & Leicester in certain locations such as Leicester. We dont recommend any particular firm.
What is the difference between a licensed conveyancer and conveyancing solicitor in Leicester
There are two types of lawyers who can execute conveyancing in Leicester namely CLC regulated conveyancers or solicitors. The two can provide conveyancing services that required to complete the disposal or acquisition of property. Both are required to carry out Leicester conveyancing on similar standards and guidelines so you may be sure that your conveyancing will be professionally conducted and that all requisite steps will be correctly attended to.
I have a mortgage with Santander for my property in Leicester. Conveyancing was finalised some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Santander?
Your original mortgage agreement with Santander will provide that you need their approval in advance of renting your property as this is likely to be a breach of Santander’s mortgage conditions. In many cases banks or building societies will allow you to rent 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 Santander directly. It should not be necessary to do this via a Santander conveyancing panel lawyer.
About to purchase maisonette in Leicester. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Leicester property lawyer is on the HSBC conveyancing panel.
Are there restrictive covenants that are commonly identified during conveyancing in Leicester?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Leicester. 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…’
Due to the encouragement of my in-laws I had a survey completed on a house in Leicester in advance of appointing lawyers. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some banks may not give a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Leicester. Conveyancing will be smoother if you use a solicitor in Leicester especially if they regularly deal with such properties in Leicester.
I need to appoint a conveyancing solicitor for sale conveyancing in Leicester. I happened to chance upon a web site which seems to have the perfect answer If there is a chance to get all formalities completed via web that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?