My partner and I are buying a new build duplex in Coleshill and my solicitor is advising me that she is duty bound to the mortgage company to disclose incentives from the seller. The Estate Agents are hassling me to exchange contracts and I would rather not delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Coleshill?
There are many recorded licenced Conveyancers in Coleshill and Solicitor partnerships in Coleshill who provide Conveyancing services We would stress that both are supervised by regulatory bodies with both specialising in the legal work in the home buying process. The two can handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Is it the case that all Coleshill conveyancing solicitors on the Lloyds conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Lloyds conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some mortgage companies do permit licenced conveyancers on their panel in which case such firms would be governed by the CLC.
We are getting the release of further monies on our mortgage from UBS as we intend to conduct improvements to our property in Coleshill. Do we need to choose a local Coleshill solicitor on the UBS conveyancing panel to handle the paperwork?
UBS don't usually require firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the UBS list.
Have completed on a a terraced house in Coleshill , What is the estimated time for the Land Registry to register my title? My Coleshill conveyancing solicitor has been painfully slow, so I want to be sure that my name is recorded.
There is nothing unique about conveyancing in Coleshill registration formalities. As opposed to being determined by geographic area, timeframes can adjust according to the party submitting the application, whether it is in order and whether the Land registry communicate with any other persons or bodies. Currently approximately 80% of submission are fully dealt with within two weeks but some can be subject to protracted delays. Registration occurs once the purchaser has moved in to the premises so 'speed' is not always primary concern but where there is a degree of urgency associated with the registration then you or your conveyancer must speak with the land registry and explain the circumstances.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a simple, no chain conveyancing. Coleshill is where the house is located. Can you offer any opinion?
Flying freeholds in Coleshill are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Coleshill you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Coleshill 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 residence.
I'm remortgaging my current home to a BTL mortgage with Alliance & Leicester and intend to use the remaining equity as a down payment on another house. The area we are looking at is Coleshill. Will your lawyers be able to act for the two lenders and link together the conveyances?
Do use our search tool on this page to check that the lawyers are on the relevant lender panels. Having checked that they are the conveyancer will be able to tie up the two transactions but you should talk with you conveyancer and communicate your desired outcome and requirements.