My lawyer has informed me that lack of planning permission insurance is needed on my purchase. What is the level of cover for Southfields conveyancing?
The appropriate level of lack of planning permission indemnity insurance depends on who your lender is. It would differ for example between Halifax and Norwich and Peterborough Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.
Two weeks ago we had a mortgage agreed in principle with Coventry BS. Southfields conveyancing solicitors were instructed. How long does it take for Coventry BS to send the offer to the conveyancing practitioner?
Some lenders take longer than others. Have Coventry BS conducted the valuation? Have you advised Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I'm at the point of looking at apartments in Southfields and I am about to put in an offer. Should I already have a solicitor in place at this point? I am planning to take a mortgage with UBS.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. Given that you are getting a mortgage with UBS, make sure you remember to check that your lawyer is on the UBS conveyancing panel.
Should commercial conveyancing searches reveal proposed roadworks that could impact a commercial site in Southfields?
Many commercial conveyancing solicitors in Southfields will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Southfields. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Southfields.
For each commercial conveyancing transaction in Southfields it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Southfields commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Southfields.
I have been on the look out for a leasehold apartment up to £195,000 and identified one near me in Southfields I like with a park and railway links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Southfields for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a home loan the shortness of the lease will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
I'm converting the mortgage on my primary property to a BTL mortgage with Clydesdale and I will use the ballance of the raised equity towards further property. The location we are talking about is Southfields. Will your solicitors be able to act for the two banks and link together the conveyances?
Do use our comparison tool on this site to be sure that the solicitors are approved by both banks. Having checked that they are your solicitor should be able to simultaneously deal with the two transactions but you should talk with you conveyancer and make apparent your expectations and needs.
I need to appoint a conveyancing solicitor for some conveyancing in Southfields. I happened to discover a site which looks to be the perfect answer If there is a chance to get all the legals done via web that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My step-son is just in the process of moving home, he had his mortgage in principle. When the offer was accepted on flat we called the mortgage company to progress the mortgage application. I was shocked to discover that mortgage companies do not accept all conveyancer, they need to be on their approved list, is this right?
Mortgage Companies tend to imposes restrictions either the type or the number of conveyancing practices on their panel. A common example 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 banks have no responsibility for the quality of advice provided by any Southfields conveyancer 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? Probably not.