I am soon to complete on the purchase of a house in Port Isaac but as a consequence of damage from a small fire at the property I have managed to agree compensation from the owner of £3k by way of a deduction in the price. I had intended this to be addressed as part of a side agreement yet Coventry BS will not permit this. Why were they notified?
Any conveyancing practitioner that is on the Coventry BS approved list is duty bound to advise Coventry BS of any changes to the purchase price. If you were to refuse your lawyer to notify the price change to Coventry BS then they would have to discontinue acting for you. In addition, Coventry BS and you would have to appoint a new conveyancing practitioner for your conveyancing in Port Isaac.
We hope to to purchase with Melton Mowbray Building Society. We have called around locally yet cant to find a Port Isaac conveyancing firm on the Melton Mowbray Building Society panel. Can you assist?
Feel free to take advantage of the find a conveyancing panel solicitor tool on this site. Pick the building society and type Port Isaac or your preferred area and you will be presented with numerous solicitors located in Port Isaac or nearest you.
I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Port Isaac building society branch on numerous occasions and was told it does not affect the mortgage offer and they would lend. My Port Isaac conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they will not lend in accordance with their specific requirements. Who do I believe?
As long as the property lawyer is on the mortgage company panel, she or he must comply with the CML Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
After shopping around on the internet I have found a Port Isaac conveyancing practitioner having checked that they are on the Santander conveyancing panel. Does my lawyer arrange the survey of the property?
Santander will need an independent valuation of the property. Your lawyer will not arrange this. Usually Santander will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Port Isaac surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Yorkshire BS have agreed my mortgage in principle, my offer on a house in Port Isaac has been accepted, what happens next?
The property agent will need to be informed of your lawyer's details (ensure that the lawyers are on the lender’s panel). Telephone Yorkshire BS or your broker and complete any outstanding documentation. Yorkshire BS will instruct a valuer who will get in touch with the selling agent or owners to schedule a time for the valuation to take place. Once carried out (assuming no problems) it takes about ten days to get a mortgage offer. Yorkshire BS will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Port Isaac.
I have a semi-detached Victorian house in Port Isaac. Conveyancing solicitor acted for me and Barclays . I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be 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 Port Isaac 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 lenders. You can also question the situation with the conveyancing practitioner who conducted the purchase.
In my capacity as executor for the estate of my aunt I am selling a property in Neath but live in Port Isaac. My lawyer (who is 235 miles awayrequires that I execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing lawyer in Port Isaac who can attest and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are located in Port Isaac