I am expecting a mortgage offer from Lloyds. My intention is to employ the services of a Licensed Conveyancer in Boldon. Does the Lloyds Solicitor panel allow for conveyancers regulated by the CLC?
The Lloyds conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My solicitor has identified a a problem with the lease for the property we are purchasing in Boldon. The other side have offered defective title insurance as a solution. We are content with insurance and will pay for it. Our lawyer says that he must be satisfied that the mortgage company is content with this solution. Who is the client here, us or the bank?
Notwithstanding that you have a mortgage offer from the bank does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the lender are the client. The appropriate lender provisions must be adhered to.
Two weeks ago we had a mortgage agreed in principle with Yorkshire BS. Boldon conveyancing solicitors have been instructed. How long does it take for Yorkshire BS to forward the offer to the lawyer?
Some lenders take longer than others. Have Yorkshire BS completed the survey? 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 currently have a mortgage with Co-operative for my property in Boldon. Conveyancing was finalised months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Co-operative?
Your original mortgage agreement with Co-operative will provide that you need their approval before renting your property as this is likely to be a breach of Co-operative’s mortgage conditions. It may be that Co-operative will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Co-operative directly. It should not be necessary to do this via a Co-operative conveyancing panel lawyer.
After much negotiation I have agreed a price on an apartment in Boldon. My financial adviser suggested a lawyer. I paid an on account payment of £200. A few days later, the solicitor contacted me sheepishly admitting that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I used Arc property Solicitors a few years past for my conveyancing in Boldon. I now require my file however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Boldon of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Hoping to buy a property located in Boldon and I am already nervous. I couldn't find anything specific about Boldon. Conveyancing will be needed in due course but do you know about the Boldon area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Boldon. In the meantime here are some basic statistics that we found
I am four weeks into a residential purchase having been directed to a firm by the local agent to perform conveyancing in Boldon. We are not happy. Could you help me find new conveyancers?
A lawyer would have to be very bad in order to consider diss instructing them. Has the mortgage offer been issued? If so you must advise them of the new contact details and ensure the offer are issued to the new lawyers. The conveyancer needs to be on the mortgage company panel to avoid supplemental charges and complications. That should be your first question of the new solicitors. The search tool can assist you in finding a lender approved lawyer for your conveyancing in Boldon