My Solicitor in Cradley Heath is not listed on the Accord Mortgages Ltd Approved Panel. Can I still continue with my prefered solicitor even though they are excluded from the Accord Mortgages Ltd list of approved lawyers?
The limited options open to you here include:
- Complete the purchase with your existing Cradley Heath lawyers but Accord Mortgages Ltd will need to use a lawyer on their list of acceptable firms. This will inevitably rack up the total legal fees and result in delays.
- Get an alternative solicitor to to deal with the conveyancing, remembering to check they are Accord Mortgages Ltd approved.
- Try to convince your Accord Mortgages Ltd solicitor to seek to join the Accord Mortgages Ltd panel
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when purchasing a house in Cradley Heath?
Unless a prior acquisition of the house completed post 12 October 2013 you may take it that solicitors conducting conveyancing in Cradley Heath to continue to advocate a chancel search and or chancel repair liability policy.
How does conveyancing in Cradley Heath differ for new build properties?
Most buyers of new build property in Cradley Heath approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Cradley Heath usually purchase 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 Cradley Heath or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a quick, no chain conveyancing. Cradley Heath is the location of the property. Can you shed any light on this issue?
Flying freeholds in Cradley Heath are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cradley Heath you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cradley Heath may ascertain 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 premises.
What does commercial conveyancing in Cradley Heath cover?
Cradley Heath conveyancing for business premises incorporates a wide array of services, offered by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.