My partner and I are planning to buy a flat in Radcliffe on Trent and have appointed a Radcliffe on Trent conveyancing firm. Within the past 48 hours our lawyer has sent a preliminary report and documents to look through with a view to exchanging next week. Barclays Direct have this morning contacted us to advise us that there is now an issue as our Radcliffe on Trent conveyancer is not on their approved list of lawyers. What do we do from here?
When purchasing a property with the benefit of a mortgage it is normal for the purchasers' lawyers to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Radcliffe on Trent solicitors, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
We are planning to purchase with Norwich and Peterborough Building Society. I visited a few high street firms yet am struggling to find a Radcliffe on Trent conveyancing firm on the Norwich and Peterborough Building Society approved list. Could you assist?
Feel free to take advantage of the search tool on this site. Pick the building society and type Radcliffe on Trent or your preferred area and you will see numerous solicitors based in Radcliffe on Trent or near you.
I require quick conveyancing in Radcliffe on Trent as I am faced with a deadline to sign on the dotted line inside one month. Fortunately I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are not obtaining a mortgage you have the choice not to have searches carried out although no law firm would advise that you don't. With lots of history conveyancing in Radcliffe on Trent the following are examples of issues that can arise and therefore impact future saleability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
I have todayfound out that Wolstenholmes have closed. They conducted my conveyancing in Radcliffe on Trent for a purchase of a leasehold apartment 18 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The easiest way to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Radcliffe on Trent conveyancing specialists.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one round the corner in Radcliffe on Trent I like with amenity areas and railway links in the vicinity, however it only has 49 years on the lease. There is not much else in Radcliffe on Trent for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the shortness of the lease may be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
Given that I am about to part with 450k on a two bedroom apartment in Radcliffe on Trent I wish to talk to a conveyancer concerning thetransaction prior to giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you liaising with the solicitor who will be conducting your property ownership legalities in Radcliffe on Trent.There is no ‘factory style conveyancing’ - every client is unique individual, not a file number. The practices that we put you in touch with believe that the fees you are provided with for residential conveyancing in Radcliffe on Trent should be the figure that you end up paying.