I am in a contract race with another prospective purchaser for a property in Stourbridge. What can be done to expedite the buying process?
In the event that you are under pressure to sign contracts we would recommend that your lawyer is familiar with the location as they will benefit local contacts and know-how. It is possible that they could have conducted otherhouses in the same road. You would be best advised to use a Stourbridge conveyancing lawyer. Second, double check that the conveyancing firm is on the on the approved list for your mortgage company. It is estimated that nearly one in five of Stourbridge conveyancing transactions are frustrated or jeopardised after finding out that a purchaser’s lawyer was not on their mortgage lender’s list of approved solicitors. This can often result in the transaction being delayed by an average of 21 days. It is believed that this issue affects approximately one hundred thousand home sales annually. Almost all Stourbridge conveyancing firms can not represent certain mortgage companies so do check at the outset.
What is the difference between a licensed conveyancer and conveyancing solicitor in Stourbridge
There are many registered licenced Conveyancers in Stourbridge and Solicitor firms in Stourbridge to choose from We would stress that both are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. They may both also handle other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I'm the sole recipient of my late mum's will with all property in now in my sole name, including the my former home in Stourbridge. Conveyancing formalities meant that the Land Registry date was in March. I plan to dispose of the property. I understand that there is a CML six month 'rule', meaning my property ownership may be regarded the same way as if I'd bought the property in March. Is the property unsalable for six months?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. Some mortgage companies would take a sensible view as this requirement chiefly exists to capture the purchase and immediately sell or the quick reselling of property.
We previously selected conveyancers located in Stourbridge on the Leeds Building Society solicitor approved list. They are now charging me an additional fee for handling the Leeds Building Society mortgage. Is this a supplemental conveyancing fee specified by Leeds Building Society?
Unfortunately, as long as it is in their Terms and Conditions or estimate then yes your solicitor is entitled to charge a fee for this. This charge is not dictated by Leeds Building Society but by your Stourbridge lawyer. Plenty of firms on the Leeds Building Society panel will quote an ‘acting for lender’ fee but some firms incorporate it on their overall fee.
I am buying a house and the conveyancer has identified Chancel Repair for which the property could be obligated to contribute to as it falls into the area of such a church. He has recommended insurance. Is this strictly warranted for conveyancing in Stourbridge
Unless a prior acquisition of the property took place after 12 October 2013 you can assume that conveyancing practitioners delivering conveyancing in Stourbridge to continue to suggest a chancel search and or chancel repair liability insurance.
I have todaybecome aware that Stirling Law have been shut down. They conducted my conveyancing in Stourbridge for a purchase of a leasehold flat 18 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The easiest way to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Stourbridge conveyancing specialists.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a simple, chain free conveyancing. Stourbridge is the location of the property. Can you shed any light on this issue?
Flying freeholds in Stourbridge are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stourbridge you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stourbridge 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.
I am downsizing from my property. My previous conveyancers closed down. It would be helpful to have a recommendation of a conveyancing firm. Im based in Stourbridge if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Stourbridge. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.