When can the exchange of contracts occur in purchase conveyancing in Clare and do I need to attend the solicitors office?
If you are near to our conveyancing solicitors in Clare you are invited in to sign the paperwork. However, the lender approved solicitors we recommend supply a nationwide conveyancing service and give as equally diligent and professional a job for you when dealing with you electronically. The executing of the sale agreement is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the solicitor to exchange contracts at the appropriate time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Clare)to be in the office available at the end of the phone to exchange contracts.
I have 70 years left on my lease and require a lease extension for my apartment in Clare. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 9/11/2024 the requirements read as follows :
I am the only beneficiary of my late grandmother’s estate and I have everything in my name now, including the house in Clare. The Clare property was put into my name in October. I want to move. I do know about the Mortgage Lenders 6 month 'rule', which means that my property ownership will be considered the same way as though I had purchased the property in October. Is the property unsalable for six months?
The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. How practical a view lenders take of it, depend on the lender as this obligation primarily exists to identify the purchase and immediately sell or the wholesaling and assigning of property.
Are all Clare Conveyancing Quality Solicitors on the Aldermore conveyancing panel?
It is true that some banks and building societies now use CQS as the starting point for Panel approval such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of firms.
I've read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Clare solicitor - who is on the Nottingham conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Nottingham will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nottingham will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancing practitioner will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Clare postcode. As you are getting a mortgage with Nottingham, you could contact them to see if they have a list of approved surveyors in Clare.
I have justbeen informed that Wolstenholmes have been shut down. They carried out my conveyancing in Clare for a purchase of a freehold house 10 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The quickest way to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Clare conveyancing specialists.
What is the reason for my property lawyer requiring various items of ID ahead of starting selling or buying a property in Clare?
Clare property lawyers are required by the Law Society, SRA, the Land Registry and current AML Regulations to record that the have checked the identity of their clients. It will also be a requirement of your mortgage offer. Furthermore they have to complete various forms, particularly those relating to Land Tax and need to have details such as your full names, NI number and date of birth.