I am purchasing a house mortgage free in Ottery St Mary. I have resided for the previous twelve years in Ottery St Mary. Conveyancing searches are expensive. Given that I know the area and road intimately must I have all the conveyancing searches?
Provided that you do not need a mortgage, then the vast majority of the Ottery St Mary conveyancing searches are non-obligatory. Your solicitor will ’encourage you, perhaps strongly, that you should have searches carried out, but he has a professional duty to do this. Do bear in mind; if you are going to sell the house in the future, it may be of relevance to your prospective buyer what the searches reveal. There are plenty of instances where premises with day to day issues can still reveal detrimental search results. A good conveyancing solicitor in Ottery St Mary will be able to give you some helpful guidance concerning this.
What happens if my lawyer’s firm is suspended from the Nationwide Conveyancing panel ahead of completing my conveyancing in Ottery St Mary?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Me and my brother have a terraced Edwardian house in Ottery St Mary. Conveyancing solicitor represented me and Santander. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold with the exact same property. Is it worth asking Santander to clarify?
You need to assess 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 Ottery St Mary and other locations in 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 mortgage companies. You can also check the position with your conveyancing solicitor who carried out the work.
How does conveyancing in Ottery St Mary differ for newly converted properties?
Most buyers of new build property in Ottery St Mary contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is built. This is because new home sellers in Ottery St Mary typically acquire the land, 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 accustomed to new build conveyancing in Ottery St Mary or who has acted in the same development.
Are there any apps to help identify a Ottery St Mary solicitor on the Leeds Building Society conveyancing panel? I have a car and am happy to travel upto 10miles to meet the lawyer.
Feel free to make use of the tool on this page. Please choose the bank and your location and you will see a number of Ottery St Mary conveyancing lawyers located nearest you. We have listed some Ottery St Mary conveyancing firms at the bottom of this page and you can ring them to verify if they are on the Leeds Building Society panel