My mortgage broker says he needs my Castleford law firm’s panel member for the Santander conveyancing panel. Can you suggest how I find this out. I have tried my local Castleford office but they have not got back to me yet.
The sensible thing to do is ask for this information from your Castleford property lawyer . Most Castleford conveyancing practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
Why do I have to pay up front when it comes to conveyancing in Castleford?
If you are buying a property in Castleford your lawyer will ask you to provide them with monies to cover the search fees. Ordinarily this is requested to cover the fees of the conveyancing searches. When the deposit is payable against the total price then this will be needed immediately ahead of contracts are exchanged. The closing balance that is due should be sent to your lawyer a couple of days ahead of the day of completion.
Can you clarify what the consequences are if my solicitor is removed from the Santander Solicitor panel ahead of completing my conveyancing in Castleford?
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 for a fee.
I require quick conveyancing in Castleford as I am faced with an ultimatum to complete within one month. Luckily I do not need a mortgage. Can I decline from having conveyancing searches to save fees and time?
As you are not obtaining a home loan you have the choice not to do searches although no solicitor would advise that you don't. With lots of history conveyancing in Castleford the following are examples of issues that can arise and adversely affect future mortgageability: Enforcement Notices, Outstanding Charges, Overdue Grants, Road Schemes,...
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what should have been a straight forward, chain free conveyancing. Castleford is the location of the property. Can you shed any light on this issue?
Flying freeholds in Castleford are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Castleford you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Castleford may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I'm converting the mortgage on my primary property to a buy to let mortgage with Coventry Building Society and I will use the rest of the raised equity towards a second property. The location we are looking at is Castleford. Will your solicitors be able to act for the two mortgage companies and link together the two deals?
Do use our comparison tool on this page to ensure that the lawyers are on the relevant lender panels. Assuming that they are your conveyancer should be able to connect the two deals but you should talk with you solicitor and communicate your desired outcome and requirements.