Do I find a Licenced Conveyancer or Solicitor for conveyancing in March?
There are many registered licenced Conveyancers in March and Solicitor practices in March to choose from We would stress that the two are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. They may both also handle associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
My partner and I are spending time looking at flats in March and I am about to put in an offer. Should I already have a property lawyer appointed at this point? I intend to finance via a home loan with Co-operative.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are seeking a mortgage with Co-operative, make sure you remember to check that your lawyer is on the Co-operative conveyancing panel.
I have today made my last payment due on my mortgage with HSBC. I assume I don't need a March property lawyer on the HSBC panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your HSBC mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the HSBC mortgage from the register. HSBC, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where HSBC has sent the Land Registry the discharge electronically, and
- HSBC has instructed the Land Registry to do so
I know that there are debates on Chancel Insurance on online forums. Do I need this when acquiring a house in March? or Apparently there is an ancient law that means some homeowners residing in a parish church boundary may be liable to pay for maintenance towards the chancel within the church. Is this applicable for conveyancing in March?
Unless a prior purchase of the premises took place post 12 October 2013 you can assume that lawyers handling conveyancing in March to continue to propose a a chancel search and or chancel repair liability policy.
three months have gone by since my purchase conveyancing in March took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. 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 premises 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.
I am looking for a flat up to £245,000 and found one near me in March I like with open areas and transport links nearby, the downside is that it's only got 49 years on the lease. I can't really find anything else in March in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan the shortness of the lease will be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
Having had my offer accepted I require leasehold conveyancing in March. Before I set the wheels in motion I want to be sure as to the remaining lease term.
Assuming the lease is registered - and 99.9% are in March - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in March - Sample of Queries Prior to buying
-
Does the lease have more than 90 years left? Its a good idea to find out as much as possible about the managing agents as they will either make life much simpler or much more difficult. As the owner of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to daily matters such as the upkeep of the common parts. Enquire of other people if they are happy with them. In conclusion, be sure you know the dates that you are obliged pay the service charge to the managing agents and specifically what you get for your money. On the whole the outlay for major works tend not to be built into the maintenance charges, although some managing agents in March require tenants to pay into a sinking fund created for the specific purpose of building a fund for major repairs or maintenance.
Finally, a mortgage offer from a lender for the refinancing of my 4 bedroom apartment is coming within the next few days. Can you recommend an efficient remortgage conveyancing law firm in March ?
This site is not designed to help in pursuit of a cheap conveyancing solicitors in March. We can offer you cost effective conveyancing but we do not aim to work with the cheapest lawyers. Avoid the trap of appointing brokers offering low cost conveyancing in March.At best, in going for cheap conveyancing, you will get what you pay for and at worst you will end up being stung for additional fee and still not get the service you were looking for.