Am I correct in assuming that the fact that my conveyancer in Mexborough and Swinton is not on my lender's conveyancing panel that there is a problem with the standard of her conveyancing?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly plausible explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should simply call the Mexborough and Swinton conveyancing firm and ask them why they are no longer on the approved list for your lender.
Forgive me if this question is silly but I am wet behind the ears as a first time buyer of a two bedroom flat in Mexborough and Swinton. Do I receive the keys to the house on the completion date from my lawyer? If so, I will use a High Street conveyancing solicitor in Mexborough and Swinton?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the vendor’s lawyers, and once they have received this, you should be called to collect the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.
Last month we had a mortgage agreed in principle with Principality. Mexborough and Swinton conveyancing solicitors were chosen. How long does it take for Principality to forward the offer to the conveyancing practitioner?
There is no definitive answer here. Have Principality done the valuation? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
The formalities of my remortgage has taken place for my property in Mexborough and Swinton. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. We understand that complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
Me and my brother purchased a semi-detached Georgian property in Mexborough and Swinton. Conveyancing practitioner represented me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold with the matching property. Is it worth asking Accord Mortgages Ltd to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be 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 Mexborough and Swinton and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with your conveyancing practitioner who carried out the work.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one round the corner in Mexborough and Swinton I like with open areas and transport links in the vicinity, however it only has 49 years on the lease. There is not much else in Mexborough and Swinton suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan that many years may be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
I am on look out for some leasehold conveyancing in Mexborough and Swinton. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
Assuming the lease is registered - and 99.9% are in Mexborough and Swinton - then the leasehold title will always include the short particulars 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.
Mexborough and Swinton Leasehold Conveyancing - Examples of Queries Prior to Purchasing
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How many years are left on the lease? If a Mexborough and Swinton lease has no more than 80 years it will affect the marketability of the apartment. Check with your lender that they are content with remaining years on the lease. Leases with less than 80 years remaining means that you will most likely have to extend the lease at some point and it is worth finding out how much this will be. Remember, in most cases you would be required to have been the owner of the premises for 24 months before you are eligible to carry out a lease extension. Are any of leasehold owners in arrears of their service charge liability?
Am in the process of purchasing my 1st home in Mexborough and Swinton. Conveyancing lawyer has been appointed. The financial consultant suggested that a survey is not necessary as the property was only built 22 years ago.
The bare minimum you need a Home Buyer's Report. As the premises is more than 10 years old the property will not benefit from a warranty, so you would be well advised not to take a risk. For a property that age with no signs of problems a Home Buyer's report could suffice. The report should highlight any obvious issues and recommend additional investigation if appropriate. If there are any signs of problems seek a full structural survey.