We're in Newquay, FTBs purchasing with a mortgage (lender is Aldermore , and our solicitor is on the Aldermore conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Aldermore conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor 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.
My wife and I are purchasing a house in Newquay. It might be a silly question but how we can trust a solicitor? On the day of competition we have to put our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Have just purchased a repossessed house at auction in Newquay. Conveyancing is necessary. What are my next steps?
Given that you are now exchanged you now have to hire the services of a conveyancing practitioner quickly as you will have a pending deadline in which to complete the purchase. Every auction property will have a corresponding legal set of papers. This should include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the auction pack should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You must hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that that you have the requisite funding organised to complete the transaction on the set completion date.
Is it correct that all Newquay CQS (Conveyancing Quality Scheme) solicitors are on the HSBC conveyancing panel?
It is true that some lenders now utilise the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their panels.
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Newquay is the location of the property. Can you offer any assistance?
Flying freeholds in Newquay are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Newquay you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Newquay may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Should I be concerned that brokers that I am dealing with are encouraging me to use a factory type conveyancing firm rather than a local Newquay conveyancing firm?
As with lots of service providers, often referrals from family and friends can be extremely useful or valuable. But there are numerous parties with a vested interest in a conveyancing transaction; estate agents, financial adviser and banks may recommend solicitors to appoint. Sometimes the conveyancers might be known to one of the organisations as being good in their field, but occasionally there may be a financial incentive behind the endorsement. You are free to select your preferred conveyancer. Don't forget that some mortgage providers specify a panel list of solicitors you are obliged to use for the lender aspect of your conveyancing.
I need to find a conveyancing solicitor for some conveyancing in Newquay. I've stumble across a web site which seems to have the perfect offering If it is possible to get all formalities completed via web that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I pay a maintenance contribution for my appartment in Newquay. As a result of flawed financial planning I slipped behind with payments. The managing agents agreed a payment schedule but there remains about £2000 left in arrears.
I now wish to dispose of the property and I am panicking this may hold me back if I have to pay off the arrears first. Do I have to settle before - is this practicable?
Do check with the property lawyer handling your Newquay conveyancing but it may be possible to agree for the debt to be transferred to the buyers. The contractual price payable would be adjusted to reflect the amount of debt they take on. They would then deal with the fees after completion of the purchase.