I am not in a position to travel far from Wells Next The Sea. I would like to know the understand why all Wells Next The Sea conveyancing practitioners are not on all mortgage company panels?
As unjust as it may seem for lenders to limit who can act for them, from the public’s or lawyer’s viewpoint, the the contrary view is that lending institutions are increasingly anxious and regard it necessary to protect them against mortgage fraud. As a consequence of this concern mortgage companies are limiting their conveyancing panel to a size that they are happy to control.
I am in a contract race with another prospective purchaser for a property in Wells Next The Sea. What can be done to hasten the buying process?
Where you are under time constraints for your conveyancing it is advisable to make sure that your solicitor is familiar with the location as they will have local relationships and know-how. It is even conceivable that they may have transacted otherhouses in the same street. Therefore consider using a Wells Next The Sea conveyancing lawyer. In addition, check that the conveyancing firm is on the on the approved list for your mortgage company. It is said that just under twenty per cent of Wells Next The Sea conveyancing deals are held up or derailed after finding out that a purchaser’s conveyancer was not on their banks list of approved solicitors. In many cases this discovery resulted in the conveyancing being frustrated by an average of three weeks. It is understood that this issue impacts approximately one hundred thousand home moves every year. Almost all Wells Next The Sea conveyancing practices can not act for certain mortgage companies so do check at the outset.
Having sold my house in Wells Next The Sea last August but our buyer keeps telephoning every few hours complaining that their lawyer is waiting to hear from myconveyancer. What should have happened now that I have sold?
Following your sale your solicitor should deliver the transfer documentation and all additional paperwork to the buyer’s lawyers. Where appropriate, your conveyancer should also confirm that the legal charge in favour of the lender has been discharged to the buyers lawyers. There are no post completion tasks peculiar conveyancing in Wells Next The Sea.
My wife and I have a 4 bedroom Edwardian house in Wells Next The Sea. Conveyancing lawyer acted for me and TSB. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold under the matching address. Is it worth asking TSB to clarify?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Wells Next The Sea and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with your conveyancing solicitor who conducted the work.
I opted to have a survey done on a house in Wells Next The Sea in advance of appointing solicitors. I have been advised that there is a flying freehold element to the house. My surveyor advised that some lenders will refuse to issue a loan on this type of premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. If you contact us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Wells Next The Sea. Conveyancing will be smoother if you use a solicitor in Wells Next The Sea especially if they are acquainted with such properties in Wells Next The Sea.