My IFA requires my Ashby de la Zouch solicitor’s panel reference for the Lloyds conveyancing panel. Can you suggest how I discover this. I have tried my local Ashby de la Zouch branch but they don't know it.
The sensible thing to do is ask for this information from your Ashby de la Zouch conveyancer . They should have a central record lender panel numbers.
Due to move into my new home in Ashby de la Zouch next Tuesday. My property lawyer now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the mortgage company. What risks does the bank expect the insurance to cover?
All property lawyers on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 requirements. These obligations are not limited to conveyancing in Ashby de la Zouch.
I am considering applying for a TSB mortgage for purchase of a new build (under development) in Ashby de la Zouch with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for TSB ?
There is nothing to stop you using your solicitor, but TSB will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
What is your number one tip for finding a conveyancing solicitor in Ashby de la Zouch
It would be unwise to be tempted by the lowest Ashby de la Zouch conveyancing costs illustration. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I'm the sole recipient of my late mum's estate and I have everything in my name now, including the my former home in Ashby de la Zouch. Conveyancing formalities meant that the Land Registry date was in June. I plan to dispose of the property. I do know about the Mortgage Lenders six month 'rule', meaning my property ownership could be regarded the same way as if I'd bought the property in June. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be affected by that. How sensible a view mortgage companies take of it, depend on the lender as this provision is principally there to pick up on subsales or the quick reselling of properties.
After shopping around on the internet I have found a Ashby de la Zouch conveyancing practitioner having made sure that they are on the Virgin Money conveyancing panel. Does my lawyer arrange the survey of the property?
Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money 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. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Ashby de la Zouch postcode. As you are getting a mortgage with Virgin Money, you could contact them to see if they have a list of approved surveyors in Ashby de la Zouch.
I am looking for a leasehold apartment up to £195,000 and identified one close by in Ashby de la Zouch I like with open areas and railway links in the vicinity, however it only has 61 remaining years left on the lease. I can't really find anything else in Ashby de la Zouch suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage the shortness of the lease will be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
Is it possible to switch firm as I need to instruct one who is on the Leeds Building Society conveyancing panel. I was using a local conveyancing solicitor in Ashby de la Zouch five minutes from me but she is not approved by Leeds Building Society
We will our best to assist in finding you a conveyancing solicitor in Ashby de la Zouch on the Leeds Building Society panel. Please note that the conveyancers that we list do not pay us a referral fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Ashby de la Zouch. In utilising search facility on this page, you can compare fees for conveyancing solicitors in Ashby de la Zouch and beyond.