My wife and I are looking to buy a house in Shipston on Stour and are in fact using a Shipston on Stour conveyancing practice. Within the past 48 hours our property lawyer has sent a preliminary report and documents to look through with a view to exchanging next week. Accord Mortgages Ltd have this evening contacted us to inform me that they have now hit a problem as our Shipston on Stour conveyancer is not on their approved list of lawyers. Please explain?
Where you are buying a property with the assistance of a mortgage it is standard for the purchasers' solicitors to also represent the mortgage company. 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 Quality Scheme. Your solicitor should contact your bank 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 don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Shipston on Stour lawyers, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
Are the BSA intent on creating a search tool with a view to to identify practices on the Earl Shilton BS conveyancing panel for instance in Shipston on Stour?
Lexsure has not been advised of any plans on the part of the BSA to promote such a search facility.
I require fast conveyancing in Shipston on Stour as I am faced with pressure to complete within 4 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are are a cash buyer you have the choice not to have searches conducted although no law firm would suggest that you don't. With lots of history conveyancing in Shipston on Stour the following are examples of issues that can show up and therefore affect market value: Refused Planning Applications, Outstanding Fees, Overdue Grants, Railway Schemes,...
It has been five months since my purchase conveyancing in Shipston on Stour took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
My father has suggested that I use his lawyers for conveyancing in Shipston on Stour. Do I take his recommendation?
Much as we are happy to recommend a Shipston on Stour conveyancing lawyer the best way to select a conveyancing solicitor is to seek feedback from friends or family who have actually used the solicitor you're are thinking of instructing.
I am on look out for some leasehold conveyancing in Shipston on Stour. Before I set the wheels in motion I want to be sure as to the remaining lease term.
Assuming the lease is recorded at the land registry - and most are in Shipston on Stour - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Shipston on Stour Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
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What prohibitions are contained in the Shipston on Stour Lease? Who takes charge for maintaining and repairing the building?