My mortgage broker has asked me for my Chesterfield solicitor’s panel reference for the Nationwide conveyancing panel. Can you suggest how I find this out. I have tried my local Chesterfield office but they have not responded to me.
You are best placed to get this information from your Chesterfield conveyancer . They should have a central record lender panel numbers.
My wife and I are approaching an exchange on a house in Chesterfield and my parents have sent the 10% deposit to my lawyer. I am now informed that as the deposit has been received from someone other than me my conveyancing practitioner needs to disclose this to my lender. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
The solicitor is obliged to check with lender to ensure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
We are planning to acquire a property and need a conveyancing solicitor in Chesterfield who is on the Principality conveyancing panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Principality . We don't recommend any particular firms conducting conveyancing in Chesterfield.
We're in Chesterfield, First timers purchasing with a mortgage (lender is Nationwide , and our lawyer is on the Nationwide conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nationwide conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Over the last few months I have been searching for a ground for flat up to £305k and found one close by in Chesterfield I like with amenity areas and station nearby, the downside is that it only has 51 remaining years left on the lease. There is not much else in Chesterfield for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
How easy is it to use the search facility to get a quote from a conveyancing lawyer in Chesterfield on the authorised to act for my bank?
Step one is to pick a bank such as Santander, The Mortgage Works or Britannia then choose your preferred area for instance Chesterfield. Conveyancing organisations in Chesterfield and beyond will then be shown.