Do the conveyancing solicitors that you recommend carry out auction conveyancing in March?
There are a number of niche solicitors we can put you in touch with those conducting auction conveyancing. March is just one of hundreds of areas of where our lawyers cover.
I can not work out if my lender requires a lease extension. I have telephoned my March bank branch on a couple of occasions and was told it wasn't an issue and they will lend. My March conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they refuse to lend in accordance with their published requirements. Who do I believe?
The conveyancer must comply with the CML Handbook section two provisions for your bank. Unless your lawyer obtains specific confirmation in writing that the bank 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 lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I recently had an offer accepted on a house in March. My financial adviser suggested a conveyancer. I paid an advanced payment of £175. Soon after, the lawyer called me sheepishly admitting that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Planning on purchasing a apartment in March. 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 Kent Reliance 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 March property lawyer is on the Kent Reliance conveyancing panel.
How does conveyancing in March differ for newly converted properties?
Most buyers of new build or newly converted property in March contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in March 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 March or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a simple, no chain conveyancing. March is the location of the property. Can you offer any opinion?
Flying freeholds in March are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside March you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in March 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 property.
My partner has suggested that I appoint his lawyers for conveyancing in March. Should I use them?
Much as we are happy to recommend a March conveyancing lawyer the ideal way to select a conveyancing solicitor is to get feedback from friends or family who have used the conveyancer you're contemplating using.
I have appointed a March conveyancing solicitor for our house purchase (first time buyers) and have spotted in the Ts and Cs that they are not covered by the FCA. Need I be worried or is that usually the case with solicitor?
We can't see why they should be. Most conveyancer don't lend money. They should be regulated by the Solicitors Regulation Authority, who have stringent laws covering amounts held by them.