I am hoping to receive a mortgage with Lloyds. I hope to instruct a Licensed Conveyancer in Todmorden. Does the Lloyds Solicitor panel include conveyancers regulated by the CLC?
The Lloyds approved solicitor list is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
Do the conveyancing practitioners Indexed on your site execute auction conveyancing in Todmorden?
There are a number of niche solicitors we can connect you with those who can conduct auction conveyancing. Todmorden is just one of the many locations where our lawyers have a presence.
My aunt passed away last year and as sole heir and executor I was left the house in Todmorden. The house had a small mortgage remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Leeds Building Society, pay off the mortgage. Is this allowed?
If you intend to re-mortgage then Leeds Building Society will insist on your using a conveyancer on the Leeds Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Leeds Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Leeds Building Society mortgage is registered as a charge at the Land Registry.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a quick, no chain conveyancing. Todmorden is the location of the property. What do you suggest?
Flying freeholds in Todmorden are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Todmorden you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Todmorden 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 property.
I have been recommended by a couple of local property agents in Todmorden to get a quote from a conveyancer using your seach tool. Is there a financial inducement for Estate Agents to market your services over and above a competitor’s?
We don’t give any referral fee for pointing buyers and sellers our way. We thought it would be too underhand a fee because a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Me and my husband accepted an offer on a Todmorden apartment we inherited seven years ago in 2010. I have over a decades worth of conveyancing know-how and, now retired, intend to conduct my own legal work. The buyer's solicitor has informed me that their bank will not allow us to do our own conveyancing as they require the funds to be transferred to a solicitor's bank account.
Mortgage requirements to lawyers from all mainstream lenders specify that If the seller is not legally represented the buyer’s lawyers should check whether the mortgage company needs to be told so that a decision can be made as to whether they are willing to move forward.