I am acquiring a property for cash in Midhurst. I have resided for the previous 15 years in Midhurst. Conveyancing searches are exorbitant. As I know the road and vicinity very well must I have all the conveyancing searches?
Provided that you do not need a mortgage, then all but one or two of the Midhurst conveyancing searches are optional. Your conveyancer will ’encourage you, no-doubt strongly, that you should have searches carried out, but she has a professional duty to take that path of encouragement . One thing to bear in mind; if you are going to dispose of the house in the future, it could be of interest to your future purchaser what the searches contain. On occasion properties with apparent issues can still show up adverse search results. A competent conveyancing solicitor in Midhurst will provide you some sensible advice concerning this.
Is it the case that all Midhurst solicitors on the Coventry BS conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Coventry BS approved list of solicitors they would need to be overseen by the SRA. Some mortgage companies do allow licenced conveyancers on their panel and in that case the organisation would be overseen by the CLC.
Intending to buy a maisonette in Midhurst. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Midhurst property lawyer is on the Lloyds conveyancing panel.
Coventry BS have agreed my home loan in principle, my offer on a house in Midhurst has been accepted, what are the next steps?
The estate agent will need to know who your solicitors are (ensure that the conveyancing practitioners are on the bank’s panel). Contact Coventry BS or the broker and finish off any outstanding paperwork. Coventry BS will instruct a valuer who will get in touch with the selling agent or owners to schedule a time for the valuation to occur. Once carried out (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. Coventry BS will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Midhurst.
I own a terraced Victorian property in Midhurst. Conveyancing practitioner represented me and Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the matching address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for 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 Midhurst and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing lawyer who conducted the purchase.
I'm converting the mortgage on my existing home to a BTL mortgage with HSBC Bank and I will use the ballance of the raised equity towards a second house. The area we are interested in is Midhurst. Will your conveyancers be able to act for both sets of mortgage companies and tie in the two deals?
Make use of our search tool on this site to check that the lawyers are approved by both mortgage companies. Having checked that they are the conveyancer should be able to simultaneously deal with the two transactions but you should have a chat with you conveyancer and specify your expectations and needs.
My brother has encouraged me to instruct his conveyancers in Midhurst. Should I use them?
No doubt it’s preferable to find a conveyancing lawyer is to have feedback from friends or family who have actually used the firm you're considering.