I am hoping to receive a mortgage offer from Nat West. I hope to employ the services of a Licensed Conveyancer in Cambourne. Does the Nat West Conveyancing panel allow for Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
Is it the case that all Cambourne solicitor practices on the Santander conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the Santander approved list of solicitors they would need to be overseen by the SRA. The majority of mortgage companies do permit licenced conveyancers on their panel and in such a situation the organisation would be governed by the CLC.
I recently had an offer accepted on a house in Cambourne. My financial adviser recommended their conveyancers. I paid an advanced payment of £225. A few days later, the conveyancing practitioner called 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.
Our offer on a property in Cambourne has been accepted, but there is a chain. The owners have offered on a property, however it’s not been accepted yet, and have viewings of other flats booked. I have instructed a nearby conveyancing solicitor in Cambourne. What do I do now? At what stage should I apply for the mortgage with TSB?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx one thousand pounds, then survey, Cambourne conveyancing search charges, etc). First, you must check that your solicitor is on the TSB conveyancing panel. Regarding the next stages this very much dictated by the circumstances of your case, attraction to the property and on the state of the market. During a buoyant market the majority of buyers will apply for the mortgage with TSB and arrange for the valuation and only if it was satisfactory would they request their conveyancer to move forward with searches.
I have been told that property searches are the main reason for obstruction in Cambourne house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of delay in conveyancing in Cambourne.
I am looking for a leasehold apartment up to £235,500 and found one round the corner in Cambourne I like with open areas and station nearby, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Cambourne for this price, so just wondered if I would be making a mistake buying a short lease?
If you require a mortgage that many years may be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
How can the Landlord & Tenant Act 1954 impact my business property in Cambourne and how can you help?
The particular law that you refer to provides security of tenure to business lessees, giving them the legal entitlement to apply to court for a new tenancy and continue in occupation when the lease comes to an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Cambourne is one of our numerous locations in which the firms we work with are based
In my capacity as executor for the will of my uncle I am disposing of a property in Monmouth but reside in Cambourne. My conveyancer (who is 200 miles awayhas requested that I execute a statutory declaration prior to completion. Can you recommend a conveyancing practitioner in Cambourne who can attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are Cambourne based