We're in Stanley, FTBs purchasing with a mortgage (lender is Co-operative , and our solicitor is on the Co-operative conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Co-operative conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
How does conveyancing in Stanley differ for new build properties?
Most buyers of new build or newly converted property in Stanley come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is constructed. This is because house builders in Stanley tend to buy 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 conveyancers 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 Stanley or who has acted in the same development.
Is it possible to swap solicitor as I need to choose a firm on the Bank of Scotland conveyancing panel. I instructed a local conveyancing solicitor in Stanley five minutes from me but he is not accepted by Bank of Scotland
It would be our pleasure to help you find a conveyancing solicitor in Stanley on the Bank of Scotland panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Stanley. In utilising the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Stanley.
I need to find a conveyancing solicitor for remortgage conveyancing in Stanley. I have stumble upon a site which appears to be the perfect solution If there is a chance to get all the legals done via email that would be preferable. Should I be wary? 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?
I own a leasehold flat in Stanley. Conveyancing and Chelsea Building Society mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1995. The conveyancing practitioner in Stanley who acted for me is not around. Do I pay?
The first thing you should do is contact HMLR to make sure that this person is in fact the new freeholder. There is no need to incur the fees of a Stanley conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Stanley - Sample of Questions you should ask Prior to buying
How much is the ground rent and service charge? Make sure you discover if there is anything that is prohibited in the lease. For instance plenty of leases prohibit pets being permitted in certain buildings in Stanley. If you like the apartmentin Stanley but your cat is not allowed to live with you then you will be faced hard compromise. How is the lease structured?
Would local authority permission be needed to change a house into two appartments in Stanley? This has been done to a house next door to my home in Stanley and was unaware of it happening until after the works were complete.
Planning Consent yes. Building Regulations yes.