Should lawyers request an advanced payment for my conveyancing in Clynderwen?
Where you are retaining lawyers for conveyancing in Clynderwen your lawyer will ask you put them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the sale price then this should be required immediately before exchange of contracts. The closing balance that is due should be sent to your lawyer shortly before completion.
We are selling our flat in Clynderwen. Does the solicitor have to be on the Co-operative conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Co-operative 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 specifications fairly frequently at the moment.
My wife and I own a 4 bedroom Georgian house in Clynderwen. Conveyancing practitioner acted for me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold with the matching address. I thought I was buying a freehold how can I check?
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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Clynderwen 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 purchasers. You can also check the situation with your conveyancing solicitor who conducted the purchase.
How does conveyancing in Clynderwen differ for new build properties?
Most buyers of new build residence in Clynderwen contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is built. This is because house builders in Clynderwen tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Clynderwen or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a property in Clynderwen prior to appointing solicitors. I have been informed that there is a flying freehold element to the house. My surveyor has said that some banks tend refuse to grant a loan on such a property.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Clynderwen. Conveyancing will be smoother if you use a solicitor in Clynderwen especially if they are familiar with such properties in Clynderwen.