My husband and I are intent on acquiring a leasehold flat in Tamworth. My lawyer is not on the bank solicitor list. Is it possible for me to continue with my Tamworth conveyancing solicitor even though they are not on the bank approved list?
You have numerous choices open to you here
- Carry on with your existing Tamworth conveyancing practitioner but your lender will need to use a solicitor from their approved panel. This will result in additional fees and potential interruption.
- Appoint a new solicitor to conduct the conveyancing, making sure they are on the mortgage company conveyancing panel.
- Convince your lawyer to do everything possible to get accepted on the bank’s panel of solicitors
We wanted to use a property lawyer in Tamworth for our home move. Our financial adviser has since notified us that our mortgage lenders Aldermore won't deal with them. Surely this is unfair competition?
A lender may insist on a panel conveyancer act for it. Borrowers are liable to bear the cost of this. Please make use of our directory service to select a solicitor to carry conveyancing in Tamworth on the Aldermore conveyancing panel.
A colleague advised me that if I am buying in Tamworth I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Tamworth conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Tamworth around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Tamworth Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful information regarding Tamworth.
Me and my brother own a terraced Edwardian property in Tamworth. Conveyancing lawyer acted for me and Birmingham Midshires. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold under the exact same property. I'd like to know for sure, how can I find out??
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Tamworth and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing lawyer who conducted the purchase.
How does conveyancing in Tamworth differ for new build properties?
Most buyers of new build property in Tamworth approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because house builders in Tamworth usually buy the land, 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 conveyancing solicitors 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 Tamworth or who has acted in the same development.
I opted to have a survey done on a property in Tamworth ahead of appointing solicitors. I have been advised that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies will not grant a mortgage on such a premises.
It varies from the lender to lender. Santander has different requirements from Nationwide. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Tamworth. Conveyancing may be slightly more expensive based on your lender's requirements.