Me and my partner are due to complete buying a house in Castle Vale but as a consequence of damage from the recent storms I have managed to agree reparation from the current proprietors of £2k in the form of a reduction in the price. This was going to be addressed as part of amending the contract yet Leeds Building Society will not agree to this. Should they have been informed?
Your lawyer being on a Leeds Building Society approved list is duty bound to disclose to Leeds Building Society of any amendments to the sale price. If you were to refuse your conveyancer to disclose the reduction to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new lawyer for your conveyancing in Castle Vale.
I am selling my house in Castle Vale. Does my conveyancer need to be on the Kent Reliance conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Kent Reliance conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.
Please help - my lawyer says that missing deeds insurance is necessary on my purchase. What is the level of cover for Castle Vale conveyancing?
The appropriate level of missing deeds indemnity insurance depends on your lender. It would differ for example between Nationwide Building Society and Chelsea Building Society. Conveyancing practitioners as opposed to members of the public take out such policies.
Planning on purchasing a house in Castle Vale. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Castle Vale property lawyer is on the Aldermore conveyancing panel.
Kent Reliance have agreed my mortgage in principle, my bid on a apartment in Castle Vale has been accepted, what happens next?
Your property agent will wish to be advised as to your conveyancer's details (be sure the conveyancers are on the bank’s panel). Call up Kent Reliance or the financial adviser and finish off any outstanding documentation. Kent Reliance will appoint a valuer who will get in touch with the estate agent or vendor to book a time for the valuation to take place. Once carried out (assuming no problems) it takes about ten days to get a mortgage offer. Kent Reliance will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Castle Vale.
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Castle Vale is the location of the property. Is there any advice you can give?
Flying freeholds in Castle Vale are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Castle Vale you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Castle Vale may decide 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 premises.
I need to appoint a conveyancing solicitor for my conveyancing in Castle Vale. I've discover a site which appears to be the ideal answer If it is possible to get all this stuff completed via phone that would be preferable. Do I need to be wary? 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?