Do lawyers request money on account for conveyancing in Victoria Docks?
If you are buying a property in Victoria Docks your solicitor will request that you put them with funds to cover the the cost of the conveyancing searches. Generally this is needed to cover the fees of the conveyancing searches. When the deposit is as part of the purchase price then this will be asked for shortly before exchange of contracts. The final balance that is needed should be transferred shortly before completion.
I need some quick conveyancing in Victoria Docks as I have an ultimatum to sign on the dotted line in less than 2 weeks. A mortgage is not required. Can I decline from having conveyancing searches to save money and time?
As you are not obtaining a mortgage you have the choice not to do searches although no conveyancer would recommend that you don't. With plenty of history conveyancing in Victoria Docks the following are instances of what can be revealed and therefore impact future mortgageability: Enforcement Actions, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
I used Stirling Law several years past for my conveyancing in Victoria Docks. I now require my file however the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Victoria Docks of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a leasehold apartment up to £235,500 and identified one near me in Victoria Docks I like with open areas and station nearby, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Victoria Docks in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan that many years will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
I'm refinancing my primary home to a BTL mortgage with Birmingham Midshires and I will use the rest of the raised equity as a deposit on a second house. The neighborhood we are looking at is Victoria Docks. Will your conveyancers be able to act for both sets of mortgage companies and tie in the two deals?
Do use our search tool on this site to be sure that the conveyancers are approved by both banks. On the basis that they are your conveyancer should be able to tie up the two deals but you should talk with you solicitor and specify your expectations and needs.
Our conveyancer in Victoria Docks has discovered a a problem with the lease for the apartment we are purchasing in Victoria Docks. The seller’s lawyers have suggested defective title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer has advised that as he is on the bank conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or the bank?
Just because you have a mortgage offer from the bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Victoria Docks conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the lender are the client. These conveyancing instructions must be adhered to by the bank conveyancing panel who has to balance acting for you and the bank