I am purchasing a garden flat in Colwall. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Colwall you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Colwall.
Last month we had a mortgage agreed in principle with Principality. Colwall conveyancing practitioners were chosen. What is the average time that one could expect to receive a mortgage offer from Principality?
There is no definitive answer here. Have Principality completed the valuation? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We have agreed to purchase a house in Colwall. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Coventry BS be concerned?
As you are obtaining a mortgage with Coventry BS your lawyer must comply with the conveyancing instructions set out in Part two of UK Finance Lenders’ Handbook for Coventry BS. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and conveyancers are required to report to Coventry BS where a lease fails to meet these provisions. The specifications relate to the installation of panels on properties countrywide and is not restricted to Colwall.
It is not clear whether my mortgage offer requires a lease extension. I have telephoned my Colwall bank branch on numerous occasions and was advised it wasn't an issue and they will lend. My Colwall conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they would not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Provided that the property lawyer is on the bank approved list, she or he must comply with the CML Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
We are selling our home in Colwall and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A local lawyer would know that there is no such problem. It does beg the question why the purchasers are using an online conveyancing outfit rather than a conveyancing solicitor in Colwall. Having lived in Colwall for three years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain confirmation need.
It sounds as though you may have a conveyancing lawyer already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
It has been 4 months since my purchase conveyancing in Colwall completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
We're novice buyers - agreed a price, but the agent has warned us that the vendor will only issue a contract if we use the agent's recommended conveyancers as they want a ‘quick sale’. Our preferred option is to instruct a family solicitor who is accustomed to conveyancing in Colwall
We suspect that the owner is unaware of this requirement. Should the vendor require ‘a quick sale', alienating a serious buyer is not the way to achieve this. Try to communicate with the vendors directly and make the point that (a)you are genuine purchasers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you wish to move quickly (e)however you are going to appoint your preferred Colwall conveyancing lawyers - not the ones that will provide their negotiator at the agency a introducer fee or hit his conveyancing targets demanded by HQ.