I am acquiring a ground floor flat in Shepshed. My Conveyancer is not listed on the lender approved panel. Am I still permitted to appoint my Shepshed conveyancing solicitor notwithstanding that they are excluded from the bank approved list?
Various options include
- Carry on with your preferred Shepshed solicitor but your bank will undoubtedly use a solicitor from their approved panel. This will result in additional fees together with probable frustration.
- Choose a new conveyancer to conduct the conveyancing, ensuring that they are on the lender conveyancing panel.
- Convince your property lawyer to do everything within their powers to get accepted on the mortgage company panel of solicitors
My uncle passed away 10 months ago and as sole heir and executor I was left the house in Shepshed. The house had a small mortgage left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this possible?
Where you plan to re-mortgage then UBS will insist on your using a conveyancer on the UBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your UBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the UBS mortgage is registered as a charge at the Land Registry.
I need some quick conveyancing in Shepshed as I have an ultimatum to sign on the dotted line in less than one month. A home loan is not required. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you have the choice not to have searches carried out although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Shepshed the following are instances of issues that can be revealed and adversely affect the marketability of the property: Enforcement Notices, Overdue Fees, Overdue Grants, Road Schemes,...
About to purchase a new build flat in Shepshed. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Shepshed
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
My husband and I are 18 days into a leasehold purchase having been directed to a firm by the high street agent to do our conveyancing in Shepshed. I am am starting to be disappointed with the level of service. Can you help me find new conveyancers?
They would have to be really poor in order to consider changing them. Has your mortgage been generated? In the event that it has you must make them aware of the new lawyer and ensure the loan are re-sent. Your conveyancer needs to be on the lenders panel to avoid added costs and frustration. That should be your starting point. Our search tool will help you find a bank approved solicitor for your conveyancing in Shepshed
My husband and I are buying a ground floor flat in Shepshed. When we first instructed conveyancing practitioner, they told us that they were on all major UK bank panels. The financial adviser emailed just now to say that they don't appear to be on the TSB approved list. Were it to be true, what should we do? Should we just find a different solicitor that is on their approved list or should we pay for dual representation, with TSB appointing their own preferred conveyancing practitioner.
If you are acquiring a property needing a mortgage it is standard for the buyer’s lawyers to also act for the purchaser's lender. In order to act for a bank or building society a solicitor has to be on that lender's conveyancing panel. An application has to be made by the solicitor to the lender to become a member of the lender's panel and there are increasingly strict criteria which the property lawyer has to fulfill. Some lenders now insist their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your conveyancer should call TSB to discover if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on TSB's conveyancing panel and you may continue to use your own Shepshed solicitors, in which case your legal fees may increase, and it may delay matters as you are adding another conveyancer into the mix.