Do the Building Society Association intend to launch a searchable register to list law firms on the Melton Mowbray Building Society conveyancing panel for example in Bradford On Avon?
Lexsure has not been advised of any plans on the part of the BSA to develop such a search facility.
Forgive me if this question is silly but I am wet behind the ears as a first time buyer of a two bedroom flat in Bradford On Avon. Do I receive the keys to the house on the completion date from my lawyer? If so, I will use a local conveyancing solicitor in Bradford On Avon?
On the day of completion you do not need to go to the conveyancers office in Bradford On Avon. Your solicitors will transfer the purchase money to the vendor’s solicitors, and shortly after the monies have arrived, you will be invited to collect the keys from the property Agents and start moving into the property. Usually this happens early afternoon.
We are getting the release of further monies on our mortgage from RBS as we want to carry out improvements to our house in Bradford On Avon. Do we need to select a local Bradford On Avon solicitor on the RBS conveyancing panel to deal with the paperwork?
RBS do not ordinarily require a member of their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the RBS conveyancing panel.
I was told four weeks ago that my mortgage has been agreed to by Aldermore. Is it usual for Aldermore to only issue the offer once my solicitor in Bradford On Avon is approved on their conveyancing panel? Aldermore have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Aldermore to deal with your lawyer's application to be on the Aldermore conveyancing panel. There's no guarantee that your solicitor will be accepted.
It has been 2 months since my purchase conveyancing in Bradford On Avon concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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 residence 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.
How does conveyancing in Bradford On Avon differ for newly converted properties?
Most buyers of new build premises in Bradford On Avon contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Bradford On Avon typically purchase the land, 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 conveyancers 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 used to new build conveyancing in Bradford On Avon or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Bradford On Avon in advance of appointing solicitors. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies will not give a mortgage on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. Should you wish to telephone us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bradford On Avon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bradford On Avon to see if the conveyancing will be more expensive.