Is there a search tool that I can use to find out if the solicitor carrying out my conveyancing in Much Wenlock is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Ireland thus paying £175.00 in supplemental conveyancing bill.
Feel free to make the most of the search tool on this page. Please choose the mortgage company and type ‘Much Wenlock’ or your preferred area and you will see numerous conveyancers located in Much Wenlock or nearest you.
Can you help - my lawyer advises that lack of building regulations insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Much Wenlock?
The right level of lack of building regulations indemnity insurance depends on your lender. It would differ for example between Barclays and The Mortgage Works. Conveyancing practitioners as opposed to borrowers take out such policies.
We previously selected conveyancing lawyers locally in Much Wenlock on the Leeds Building Society solicitor panel. They are now charging me an additional amount for handling the Leeds Building Society mortgage. Is this an additional conveyancing fee specified by Leeds Building Society?
Unfortunately, so long as it is in their Terms of Engagement or Quote then yes your lawyer may charge a fee for this. The charge is not dictated by Leeds Building Society but by your Much Wenlock conveyancer. Plenty of firms on the Leeds Building Society panel will levy an ‘acting for lender’ fee and others do not.
I have paid off my mortgage with Lloyds. I assume I don't need a Much Wenlock conveyancer on the Lloyds panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Lloyds 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 Lloyds mortgage from the register. Lloyds, 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 Lloyds has sent the Land Registry the discharge electronically, and
- Lloyds has instructed the Land Registry to do so
We are close to exchanging contracts on the sale of our property in Much Wenlock and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any high street Much Wenlock conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers are using a nationwide conveyancing firm as opposed to a conveyancing solicitor in Much Wenlock. Having lived in Much Wenlock for 4 years we know that this is a non issue. Should we get in touch with our local Authority to get confirmation need.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
My wife and I own a terraced Georgian property in Much Wenlock. Conveyancing practitioner represented me and Barclays Direct. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the exact same address. I thought I was buying a freehold how can I check?
You should assess 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Much Wenlock 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 check the position with your conveyancing practitioner who conducted the conveyancing.
How does conveyancing in Much Wenlock differ for newly converted properties?
Most buyers of new build residence in Much Wenlock contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Much Wenlock usually purchase the land, 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 Much Wenlock or who has acted in the same development.
Completion is due on the disposal of our £425,000 apartment in Much Wenlock next week. The managing agents has quoted £360 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Much Wenlock?
Much Wenlock conveyancing on leasehold maisonettes nine out of ten times results in fees being invoiced by landlords agents :
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Addressing pre-exchange questions
Where consent is required before sale in Much Wenlock
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Leasehold Conveyancing in Much Wenlock - Sample of Questions you should consider before buying
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Please note if it is less than eighty years it will have adverse implications on the salability of the property. Check with your lender that they are willing to go ahead with the loan given the lease term. A short lease means that you will probably need a lease extension sooner rather than later and you need to have some idea of how much this will be. Remember, in most cases you will be required to have been the owner of the property for 24 months before you are legally able to extend the lease. How much is the service charge and ground rent on the property? Does this lease have more than 80 years remaining?