My property lawyer in Southwold is not on the Virgin Money Solicitor Panel. Is it possible for me to retain my prefered solicitor notwithstanding that they are excluded from the Virgin Money panel?
The limited options available to you here include:
- Carry on with your preferred Southwold lawyers but Virgin Money will need to instruct a lawyer on their list of acceptable firms. This will inevitably rack up the overall legal fees as well as cause frustration.
- Choose a new lawyer to act in the purchase, remembering to check they are Virgin Money approved.
- Try to convince your Virgin Money based solicitor to attempt to join the Virgin Money panel
What will a local search inform me about the house I am purchasing in Southwold?
Southwold conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations for example Searchflow The local search is essential in every Southwold conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your property. The search will provide data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
3 months have elapsed since my purchase conveyancing in Southwold concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. 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 residence 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.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. Southwold is the location of the property. Is there any advice you can impart?
Flying freeholds in Southwold are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Southwold you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Southwold may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Am I right to be suspicious about estate agents that I am dealing with are suggesting an internet conveyancing firm as opposed to a High Street Southwold conveyancing company?
As with lots of service providers, often recommendations from relatives can be most helpful. Nevertheless there are lots of players in a conveyancing matter; estate agents, financial adviser and banks may put forward conveyancers to choose. On occasion the conveyancers might be known to one of the organisations as one of the best in their field, but occasionally there may be a financial incentive behind the endorsement. You have the right to choose your preferred conveyancer. However, bear in mind that most banks have an approved list of conveyancers you must use for the mortgage related work in your house move.
I am on look out for some leasehold conveyancing in Southwold. Before I get started I would like to find out the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Southwold - 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.
Southwold Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
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Please inform me if there are any major works anticipated that will increase the service fees? It would be a good idea to discover if the the lease contains any adverse restrictions in the lease. For example some leases prohibit pets being permitted in certain buildings in Southwold. If you love the propertyin Southwold yet your cat is not allowed to make the move with you then you have a very hard compromise. Who is in charge of the building?