I have just been advised by my mortgage broker that my Litherland property lawyer is not on the bank Conveyancing panel. What can I do to be sure that this is correct?
Your first step should be to contact your Litherland lawyer directly. It is reasonable to expect your lawyer to inform you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
What is the first thing I need to know about purchase conveyancing in Litherland?
Not many law firms shout this from the rooftops but conveyancing in Litherland or throughout England and Wales is often a confrontational experience. In other words, when it comes to conveyancing there exists an abundance of room for conflict between you and other parties involved in the ownership transfer. For instance, the seller, property agent and sometimes your mortgage company. Appointing a solicitor for your conveyancing in Litherland should not be taken lightly as your conveyancer is your adviser, and is the SOLE party in the legal process whose responsibility is to protect your legal interests and to keep you safe.
On occasion a potential adversary may attempt to persuade you that you should follow their advice. For example, the selling agent may claim to be helping by claiming that your conveyancer is slow. Or your financial adviser may advise you to do take action that is contrary to your solicitors advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
Over the last few months I have been searching for a flat up to £235,500 and found one round the corner in Litherland I like with a park and railway links nearby, however it only has 49 years on the lease. There is not much else in Litherland in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a mortgage that many years will be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
I'm refinancing my current property to a BTL mortgage with HSBC Bank and I will use the ballance of the raised equity towards further house. The location we are interested in is Litherland. Will your conveyancers be able to act for both sets of lenders and link together the two deals?
Make use of our comparison tool on this page to be sure that the lawyers are on the appropriate lender panels. On the basis that they are your lawyer will be able to simultaneously deal with the two deals but you should have a chat with you conveyancer and make clear your desired outcome and requirements.
I am 14 days into a residential purchase having been recommend to solicitors by the estate agent to do our conveyancing in Litherland. I am am extremely disappointed with the quality of service. Could you help me find new solicitors?
They would need to be very poor to suggest changing them. Has the mortgage offer been generated? If so you must advise them of the replacement conveyancer and have the loan are re-sent. The solicitor ideally needs to be on the mortgage company approved list to avoid escalating costs and frustration. That should be your first question of the new solicitors. The find a solicitor tool will assist you in finding a bank approved lawyer for your conveyancing in Litherland