My fiance and I are looking to buy a home in Thorpe Astley and have appointed a Thorpe Astley conveyancing firm. Within the past 48 hours our conveyancer has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Barclays Direct have this morning contacted us to advise us that they have now hit a problem as our Thorpe Astley conveyancer is not on their approved list of lawyers. What do we do from here?
Where you are buying a property requiring a mortgage it is normal for the purchasers' solicitors to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the bank's conveyancing panel as you are at liberty to use your preferred Thorpe Astley lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
I am buying a house without a mortgage in Thorpe Astley. I have resided for the previous 20 years in Thorpe Astley. Conveyancing searches are exorbitant. As I know the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a home loan, then the vast majority of the Thorpe Astley conveyancing searches are optional. Your conveyancer will try and sway you, no-doubt strongly, that you should have searches done, but she is duty bound to do this. Do take into account; if you are going to dispose of the house at a future date, it could be of relevance to your future purchaser what the searches determine. Sometimes premises with no practical issues can still show up unfavourable search results. A competent conveyancing solicitor in Thorpe Astley will be able to give you some constructive guidance concerning this.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Thorpe Astley. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Thorpe Astley
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I opted to have a survey carried out on a property in Thorpe Astley before appointing solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some banks tend refuse to issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. HSBC has different instructions from Halifax. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Thorpe Astley. Conveyancing will be smoother if you use a solicitor in Thorpe Astley especially if they are accustomed to such properties in Thorpe Astley.
I'm remortgaging my current home to a buy to let loan with Barnsley Building Society and I will use the rest of the raised equity as a down payment on further house. The neighborhood we are looking at is Thorpe Astley. Will your conveyancers be able to act for the two mortgage companies and tie in the transactions?
Do use our comparison tool on this site to ensure that the conveyancers are approved by both lenders. On the basis that they are the lawyer should be able to connect the two deals but you should have a chat with you solicitor and specify your desired outcome and requirements.
If instructed can a conveyancer remove a person from the title of my home in Thorpe Astley ?
Subtracting or adding someone to the title of your property is relatively straightforward. You’ll need to appoint a conveyancing practitioner to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancer