I am purchasing a ground floor flat in Manor Park. My property lawyer is not on the mortgage company approved list. Can I still appoint my Manor Park conveyancing solicitor even though they are not on the bank panel?
One must instruct a lawyer to complete the formalities if you require a loan to purchase your home. The solicitor will conduct all the necessary due diligence on the property, ensuring that you will be registered as proprietor and ensure that all the required mortgage paperwork is dealt with. You could instruct a Manor Park property lawyer of your choosing. However, where the conveyancing practitioner selected is not on the lender approved list further charges will be levied as separate legal representation will be required by them. Lender panel applications may be submitted, so provided your lawyer has not in the past sought membership they can do so.
We are purchasing a property and the conveyancer has identified Chancel Repair for which the house could be obligated to contribute to given it’s proximity to the area of such a church. She has suggested insurance. Is this really necessary for conveyancing in Manor Park
Unless a prior acquisition of the house took place post 12 October 2013 you may assume that solicitors handling conveyancing in Manor Park to continue to propose a a chancel search and or chancel repair liability policy.
I own a semi-detached Edwardian house in Manor Park. Conveyancing solicitor represented me and Aldermore. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the matching address. Is it worth asking Aldermore to clarify?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Manor Park and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing practitioner who conducted the purchase.
How does conveyancing in Manor Park differ for newly converted properties?
Most buyers of new build premises in Manor Park come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is completed. This is because builders in Manor Park tend to purchase the site, 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 conveyancing solicitors 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 Manor Park or who has acted in the same development.
Why am I unable to complete my conveyancing in Manor Park on May bank holiday?
Because on completion the funds needs to be transferred electronically between the banks of the buyer and owner’s solicitor and at present this can only take place on a working day. It is not possible to complete on a weekend either.