I am purchasing a maisonette in Martlesham. My Conveyancer is not listed on the bank conveyancing list. Is it possible for me to use my Martlesham conveyancing solicitor even though they are not on the lender panel of approved conveyancing solicitors?
Various options include
- Complete the purchase with your existing Martlesham property lawyer but your bank will undoubtedly use a conveyancing practitioner from their approved list. The net result is additional cost together with probable frustration.
- Appoint a fresh property lawyer to act in the purchase, ensuring that they are on the mortgage company conveyancing panel.
- Appeal to your property lawyer to attempt to join the bank panel
My fiance and I changing mortgage lender for our flat in Martlesham with UBS. We have a son approaching twenty who lives at home. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is forfeited by the lender. I have two questions (1) Is this document specific to the UBS conveyancing panel as he did not need to sign this form when we remortgaged 3 years ago (2) Does our son by signing this extinguish his rights to inherit the property?
First, rest assured that your UBS conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to UBS. This is solely used to protect UBS if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of UBS had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
We're in Martlesham, FTBs purchasing with a mortgage (lender is Yorkshire BS , and our solicitor is on the Yorkshire BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Yorkshire BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
A friend advised me that if I am purchasing in Martlesham I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally included in the estimate for your Martlesham conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Martlesham around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Martlesham Education with maps and statistics, Local Amenities and other useful information regarding Martlesham.
I purchased my apartment on 12 June and the transaction details is yet to be registered. Need I be worried? My conveyancing solicitor in Martlesham expressed confidence that it would be formalised in less than a month. Are titles in Martlesham particularly slow to register?
There is nothing unique about conveyancing in Martlesham registration formalities. Rather than based on location, timeframes can adjust depending on the party submitting the application, whether it is in order and if the Land registry must send notices to any interested persons or bodies. As of today in the region of 80% of such applications are fully addressed in less than three weeks but some can be subject to extensive hold-ups. Registration takes place once the new owner has moved in to the premises thus an expedited registration is not usually top priority but if it is urgent that the the registration takes place urgently then you or your conveyancer must communicate with the Registry to express the reasoning for the application to be prioritised.
How do I use the search app to get a fee calculation from a conveyancing practitioner in Martlesham on the authorised to act for my mortgage?
1st pick a lender such as Birmingham Midshires, The Royal Bank of Scotland or Barclays Direct then type in your preferred area for example Martlesham. Conveyancing practices in Martlesham and nationally should be listed.