How up to date is your database of Umberleigh solicitors on the Leeds Building Society conveyancing panel? Do Leeds Building Society send you an updated list?
Umberleigh conveyancing firms themselves provide us confirmation that they are on the Leeds Building Society conveyancing panel as opposed to being supplied with a list from Leeds Building Society directly.
We are close to exchanging contracts on the sale of our property in Umberleigh and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. A local conveyancer would know that there is no such problem. It does beg the question why the purchasers instructed an internet conveyancing practice as opposed to a conveyancing solicitor in Umberleigh. Having lived in Umberleigh for 4 years we know of no issue. Is it a good idea to contact our local Authority to seek confirmation that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
How does conveyancing in Umberleigh differ for new build properties?
Most buyers of new build premises in Umberleigh come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because developers in Umberleigh typically buy 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 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 used to new build conveyancing in Umberleigh or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a quick, chain free conveyancing. Umberleigh is the location of the property. What do you suggest?
Flying freeholds in Umberleigh are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Umberleigh you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Umberleigh may decide 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 property.
I'm converting the mortgage on my primary property to a buy to let loan with TSB and I will use the rest of the raised equity as a deposit on another property. The area we are talking about is Umberleigh. Will your conveyancers be able to act for the two banks and link together the transactions?
Make use of our search tool on this site to be sure that the lawyers are approved by both lenders. Having checked that they are the conveyancer should be able to simultaneously deal with the two deals but you should have a chat with you conveyancer and make apparent your expectations and needs.