We're in Stourport On Severn, FTBs purchasing with a mortgage (lender is Kent Reliance , and our solicitor is on the Kent Reliance conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Kent Reliance conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
What is the difference between a licensed conveyancer and conveyancing solicitor in Stourport On Severn
Two types of professional can execute conveyancing in Stourport On Severn namely licenced conveyancers or solicitors. The two can provide conveyancing services that you need to complete the sale or purchase of property. Both are duty bound to perform Stourport On Severn conveyancing on similar standards and guidelines so you may be sure that your conveyancing will be professionally conducted and that all requisite procedures should be appropriately attended to.
We have a mortgage agreed in principle with Yorkshire BS. Stourport On Severn conveyancing practitioners are selected. What is the average time that one could expect to receive a mortgage offer from Yorkshire BS?
There is no definitive answer here. Have Yorkshire BS conducted the valuation? Have you informed Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have paid off my mortgage with RBS. I assume I don't need a Stourport On Severn solicitor on the RBS panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your RBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the RBS mortgage from the register. RBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where RBS has sent the Land Registry the discharge electronically, and
- RBS has instructed the Land Registry to do so
I have justbeen informed that Stirling Law have been shut down. They conducted my conveyancing in Stourport On Severn for a purchase of a leasehold flat 10 months ago. How can I be sure that the property is in my name in the name of the previous owner?
The easiest method to check if the premises is in your name, you can make 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 Stourport On Severn conveyancing specialists.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one round the corner in Stourport On Severn I like with amenity areas and station nearby, the downside is that it only has 51 remaining years left on the lease. There is not much else in Stourport On Severn in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a home loan the shortness of the lease will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
My uncle has urged me to use his conveyancers in Stourport On Severn. Do I follow his recommendation?
There are no two ways about it the best way to choose a conveyancing solicitor is to seek recommendations from friends or relatives who have actually used the conveyancer you're considering.