My husband and I are buying residence in Melton Mowbray. My property lawyer is not listed on the mortgage company solicitor panel. Am I still permitted to retain my Melton Mowbray conveyancing solicitor notwithstanding that they are not on the mortgage company list of approved lawyers?
You have a couple of options available to you here
- Carry on with your existing Melton Mowbray conveyancing practitioner but your lender will need to use a lawyer on their approved panel. The net result is additional charges and probable interruption.
- Appoint a fresh solicitor to act in the purchase, making sure they are on the lender conveyancing panel.
- Convince your solicitor to pull out all the stops to join the bank’s panel of solicitors
My partner and I are purchasing a newly built apartment in Melton Mowbray and my conveyancer is telling me that she has to the bank to reveal incentives from the seller. I am under pressure to exchange contracts and I have no desire to delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am the sole recipient of my late grandmother’s will and I have everything in my name now, including the my former home in Melton Mowbray. The Melton Mowbray property was put into my name in October. I want to move. I understand that there is a Mortgage Lenders six month 'rule', meaning my proprietorship could be considered the same way as though I had purchased the property in October. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. Some lenders would take a sensible view as this requirement is chiefly there to pick up on the purchase and immediately sell or the quick reselling of properties.
How can we know in advance if a Melton Mowbray conveyancing solicitor on the UBS panel is any good?
When it comes to conveyancing in Melton Mowbray obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor handling your transaction.
I have today made my last payment due on my mortgage with Kent Reliance. I assume I don't need a Melton Mowbray solicitor on the Kent Reliance panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Kent Reliance 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 Kent Reliance mortgage from the register. Kent Reliance, 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 Kent Reliance has sent the Land Registry the discharge electronically, and
- Kent Reliance has instructed the Land Registry to do so
I need some quick conveyancing in Melton Mowbray as I am under pressure to complete in less than 4 weeks. A home loan is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are not getting a home loan you have the choice not to do searches although no conveyancer would recommend that you don't. Drawing on our experience of conveyancing in Melton Mowbray the following are instances of issues that can appear and therefore affect the marketability of the property: Enforcement Notices, Outstanding Charges, Outstanding Grants, Road Schemes,...
I purchased a terraced Victorian house in Melton Mowbray. Conveyancing solicitor acted for me and Aldermore. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold with the exact same property. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Melton Mowbray and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing solicitor who conducted the conveyancing.
Am I better off to use a Melton Mowbray conveyancing solicitor based in the vicinity that I am purchasing? I have an old university friend who can execute the legal formalities but her office is 300kilometers drive away.
The primary upside of using a local Melton Mowbray conveyancing firm is that you can drop in to execute documents, hand in your ID and apply pressure on them where appropriate. Having local Melton Mowbray know how is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and they were content that must trump using an unknown Melton Mowbray conveyancing solicitor just because they are Melton Mowbray based.