I plan on buying an apartment in Radstock. My lawyer is not on the mortgage company conveyancing panel. Is it possible for me to use my Radstock conveyancing solicitor notwithstanding that they are not on the lender list of approved lawyers?
You have a number of choices available to you here
- Complete the purchase with your chosen Radstock conveyancing practitioner but your lender will undoubtedly retain a lawyer on their approved list. This will result in additional cost together with potential delay.
- Choose a new lawyer to conduct the conveyancing, making sure they are on the mortgage company conveyancing panel.
- Appeal to your conveyancer to seek to join the lender panel
We are selling our house in Radstock and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any local lawyer would know that there is no such problem. For the life of me I don't know why the purchasers instructed a web based conveyancing firm as opposed to a conveyancing solicitor in Radstock. Having lived in Radstock for many years we know that this is a non issue. Do we get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You should check with 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 health insurance to cover that same sickness)
Are there restrictive covenants that are commonly identified during conveyancing in Radstock?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Radstock. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Radstock differ for newly converted properties?
Most buyers of new build property in Radstock approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Radstock typically buy the site, 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 Radstock or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Radstock is where the house is located. Can you offer any guidance?
Flying freeholds in Radstock are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Radstock you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Radstock may ascertain 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 premises.
My husband and I are FTB’s - agreed a price, but the agent informed us that the owners will only issue a contract if we use the agent's preferred conveyancers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a local solicitor used to conveyancing in Radstock
We suspect that the seller is unaware of this demand. Should the owner require ‘a quick sale', taking such a hostile approach to a genuine buyer is is going to put the whole deal at risk. Try to communicate with the sellers directly and make sure they comprehend that (a)you are genuine buyers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you will continue to use your own,trusted Radstock conveyancing solicitors - as opposed tothe ones that will give the negotiator at the agency a commission or meet his conveyancing targets pre-set by head office.