AssumingI were to buy a simple residential housein Motspur Park mortgage fee and dispense with a survey and no conveyancing searches how much could I expect to to save on my conveyancing in Motspur Park?
Any savings you would gain will be limited to the Motspur Park conveyancing searches. Your conveyancing practitioner is required to do the vast majority of work - money laundering, liaising with the sellers conveyancer, SDLT submission, register the ownership etc. You might save a bit for them not needing to register a mortgage but it won't be significant.
I have been referred to a conveyancing solicitor in Motspur Park. I I am struggling to find out if they are accepted on the Birmingham Midshires conveyancing panel. Can you advise?
The first thing you should do is call the solicitor and enquire if they can act for the lender. Otherwise you should call Birmingham Midshires who may be able to assist.
Despite weeks of looking the Title Certificate and documents to our house are lost. The conveyancers who conducted the conveyancing in Motspur Park 10 years ago have long since closed. What are my next steps?
Gone are the days when you need to have the physical official documentation to prove you are the registered proprietor of land or property, given that the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Motspur Park differ for newly converted properties?
Most buyers of new build or newly converted property in Motspur Park contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is built. This is because house builders in Motspur Park tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Motspur Park or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £305k and identified one close by in Motspur Park I like with amenity areas and transport links nearby, however it's only got 49 remaining years left on the lease. There is not much else in Motspur Park in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage that many years will be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
My solicitor in Motspur Park has requested from me personal identification documents asserting that this is part of his obligations as a conveyancer on the mortgage company Solicitor panel. Is this right?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the mortgage company. This is not specific to conveyancing in Motspur Park