I am expecting a offer of a home loan from Lloyds. I hope to use a Licensed Conveyancer in Potswood. Does the Lloyds Solicitor panel exclude Licensed Conveyancers?
The Lloyds conveyancing panel is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am close to exchanging contracts on the sale of our home in Potswood and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any high street Potswood conveyancer would know this is not the case. For the life of me I don't know why the buyers are using a factory type conveyancing outfit as opposed to a conveyancing solicitor in Potswood. Having lived in Potswood for three years we know that this is a non issue. Should we get in touch with our local Authority to seek confirmation that there is no issue.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? 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)
Due to the advice of my in-laws I had a survey completed on a house in Potswood ahead of instructing solicitors. I have been advised that there is a flying freehold element to the property. My surveyor advised that some lenders tend not grant a loan on such a property.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Potswood. Conveyancing may be slightly more expensive based on your lender's requirements.
How do I locate a Potswood law firm on the Halifax conveyancing panel? I have wheels and am prepared to travel upto 20kilometers to meet the solicitor.
You can use the facility on this page. Please pick a bank and your location and you will see a number of Potswood conveyancing lawyers based on proximity. We have listed some Potswood conveyancing firms at the bottom of this page and you can telephone them to see whether they are on the Halifax panel
I am tempted by the attractive purchase price for a two flats in Potswood both have about fifty years left on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease gets shorter the value of the lease deteriorates and results in it becoming more costly to acquire a lease extension. For this reason it is advisable to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this arena.
Leasehold Conveyancing in Potswood - Sample of Questions you should consider Prior to Purchasing
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It would be sensible to discover as much as you can concerning the managing agents as they will affect your use and enjoyment of the property. Being a leasehold owner you will be in the clutches of the managing agents from a financial perspective and when it comes to every day issues such as the tidiness of the common parts. Enquire of other people what they think of them. In conclusion, be sure you understand the dates that you are obliged pay the service charge to the relevant party and precisely how they are spending the funds. Where a Potswood lease has fewer than 80 years it will affect the marketability of the property. Check with your mortgage company that they are happy with remaining years on the lease. Leases with less than 80 years remaining means that you will most likely 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 residence for two years before you are eligible to extend the lease. Make sure you discover if there is anything that is prohibited in the lease. For instance some leases prohibit pets being permitted in certain buildings in Potswood. If you love the propertyin Potswood however your cat can’t move with you then you will be presented with a hard choice.
My lawyers in Potswood have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with the lender. Is it case that being on the lender conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the lender Conveyancing Panel Terms. It might be worth you contacting the bank directly.