Me and my partner are purchasing an apartment in Windlesham. My property lawyer has never been on on the mortgage company conveyancing panel. Can I still use my Windlesham conveyancing solicitor even though they are excluded from the mortgage company panel of approved conveyancing solicitors?
Your options include
- Proceed with your existing Windlesham property lawyer but your mortgage company will undoubtedly retain a property lawyer from their approved panel. This will result in additional fees and potential interruption.
- Appoint a fresh conveyancer to conduct the conveyancing, ensuring that they are on the bank conveyancing panel.
- Appeal to your lawyer to apply to join the bank panel
As someone not used to conveyancing in Windlesham what’s your top tip you can impart concerning the ownership transfer in Windlesham
Not many law firms or advisers will tell you this but conveyancing in Windlesham and elsewhere in Surrey is an adversarial process. In other words, when it comes to conveyancing there exists lots of opportunity for confrontation between you and other parties involved in the home moving process. For example, the seller, property agent and sometimes the lender. Appointing a solicitor for your conveyancing in Windlesham is a critical decision as your conveyancer is your adviser, and is the SOLE party in the transaction whose role it is to act in your best interests and to protect you.
Every so often a potential adversary may try and convince you that it is in your interests to do things their way. For example, the property agent may claim to be helping by suggesting your solicitor is wrong. Or your mortgage broker may advise you to do take action that is against your lawyers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
We're in Windlesham, FTBs buying with a mortgage (lender is Yorkshire BS , and our solicitor is on the Yorkshire BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Yorkshire BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Over the last few months I have been searching for a flat up to £305k and found one round the corner in Windlesham I like with a park and transport links nearby, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Windlesham for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
I need to retain a conveyancing solicitor for purchase conveyancing in Windlesham. I've discover a web site which seems to have the perfect answer If there is a chance to get all the legals completed via web that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
The conveyancing solicitors conducting our conveyancing in Windlesham has forwarded papers to review that indicate that the land is unregistered with epitome documents. Why is the property not yet recorded at the Land Registry?
It is a rare occurrence indeed to find property in Windlesham to be unregistered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of Windlesham conveyancing solicitors should be able to handle this type of conveyancing but where uncertainty reigns the standard guidance these days seems to be for the seller to register the title first and then deal with the sale conveyance - this will predictably result in a protracted conveyancing.