Why do I have to pay up front when it comes to conveyancing in Rawcliffe?
If you are buying a property in Rawcliffe your lawyer will ask you place them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any deposit is as part of the sale price then this should be needed shortly in advance of contracts are exchanged. The final balance that is due will be payable shortly before completion.
I am considering applying for a Aldermore mortgage for purchase of a new build (under development) in Rawcliffe with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Aldermore ?
There is nothing to stop you using your solicitor, but Aldermore will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Just acquired a detached house in Rawcliffe , What is the estimated time for the Land Registry to register the transfer to my name? My Rawcliffe conveyancing solicitor has been very slow, so I want to be sure the registration formalities are dealt with.
As far as conveyancing in Rawcliffe is concerned, registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timeframes can vary depending on who lodges the application, whether there are errors and whether the Land registry must send notices to any third persons or bodies. Currently roughly three quarters of submission are completed within two weeks but occasionally there can be protracted hold-ups. Registration takes place after the new owner has moved in to the property thus an expedited registration is not typically top priority yet if it is urgent that the the registration takes place urgently then you or your lawyers could speak with the land registry and explain the circumstances.
I decided to have a survey completed on a property in Rawcliffe prior to appointing lawyers. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some lenders tend refuse to issue a loan on this type of premises.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. If you e-mail us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Rawcliffe. Conveyancing will be smoother if you use a solicitor in Rawcliffe especially if they are acquainted with such properties in Rawcliffe.
How do I identify a Rawcliffe solicitor on the Godiva Mortgages Ltd conveyancing panel? I am a keen cyclist and am happy to travel upto 20miles to meet the solicitor.
You can use the tool on this website. Please choose the mortgage company and your location and you will see a number of Rawcliffe conveyancing lawyers locally. We have listed some Rawcliffe conveyancing firms towards the end of this page and you can ring them to check whether they are on the Godiva Mortgages Ltd member panel
My 20yr old son is just in the process of moving house, the home loan was agreed last week in principle. After the offer was accepted on apartment we telephoned the mortgage company to issue the formal offer. We were disappointed to discover that mortgage lenders do not accept all conveyancing practitioner, they need to be on their approved list, is this correct?
Lenders normally restrict either the type or the number of conveyancing practices on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Rawcliffe property lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Unlikely.