It has come to my attention via my broker that my Rednal property lawyer is not on the mortgage company Solicitor panel. How can I check?
You need to contact your Rednal lawyer directly. You lawyer should notify you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
I have given 8 weeks notice to my current landlord and must leave my let out flat in Rednal by 8/8/2023. Conveyancing on my purchase has just started. Can I complete in 5 weeks as I wish to avoid having to find short term accommodation?
The normal practice is not to give notice for your lease until your lawyer suggests that you should. If you have not already done so, contact to your lawyer and urge them to they chase the sellers lawyers, try to get a realistic time scale from them that everyone will look to achieve
Me and my brother have a semi-detached Edwardian house in Rednal. Conveyancing lawyer represented me and Nationwide Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Rednal and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with your conveyancing lawyer who carried out the work.
How does conveyancing in Rednal differ for new build properties?
Most buyers of new build property in Rednal approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Rednal usually purchase the real estate, 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 accustomed to new build conveyancing in Rednal or who has acted in the same development.
Do I need to be wary by estate agents that I am dealing with are encouraging me to use a web based conveyancing firm as opposed to a High Street Rednal conveyancing company?
As is the case with lots of service providers, often recommendations from family and friends can be very helpful. Yet there are lots of parties with a vested interest in a conveyancing matter; estate agents, mortgage brokers and banks may suggest lawyers to instruct. Sometimes the conveyancers might be known to one of the organisations as one of the best in their field, but sometimes there may be a commercial relationship behind the endorsement. You have the right to choose your own lawyer. However, bear in mind that some lenders operate an approved list of conveyancers you must use for the lender related work in your conveyancing.
I am purchasing a house with all finances in place. My lawyer has been supplied with with 2 distinct forms of photo identification, bank statement, endless utility bills. Now he requires a copy from a probate lawyer stating that the funds are in order and that it has come from inheritance and not selling fake watches.
In today’s world you will not be able to complete any Rednal conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Establishing of your source of funds is required under Money Laundering laws.