We are selling our apartment in Callington. Does the lawyer need to be on the Principality conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Principality 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 conditions fairly frequently currently.
Are there restrictive covenants that are commonly picked up during conveyancing in Callington?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Callington. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Callington is the location of the property. Can you shed any light on this issue?
Flying freeholds in Callington are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Callington you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Callington 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 premises.
We're new on the property ladder - had an offer accepted, but the selling agent has warned us that the seller will only move forward if we instruct their preferred conveyancers as they need an ‘expedited deal’. My instinct tells me that we should use a family conveyancer who is accustomed to conveyancing in Callington
It is improbable the owners are behind this. If they desire ‘a quick sale', alienating a serious buyer is is going to put the whole deal at risk. Try to communicate with the owners directly and make sure they understand (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you will continue to instruct your own,trusted Callington conveyancing lawyers - rather thanthe ones that will provide the estate agent a introducer fee or hit his conveyancing targets demanded by head office.
I have chosen a Callington conveyancing solicitor for our home move (novice purchasers) and have picked up in the engagement letter that they are not overseen by the Financial Conduct Authority. Should I be concerned or is that usually the case with lawyer?
We can't see why they should be. Most solicitor don't lend money. They should be governed by the SRA, who set strict rules regulating amounts sitting on client account.