Do all mortgage companies provide you with an approved list of Chipstead conveyancing solicitors? How do you know who is on the Virgin Money conveyancing panel?
Chipstead conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
I had intended to instruct a conveyancing solicitor in Chipstead for our home move. Our broker has since advised us that our bank Bank of Ireland won't deal with them. Surely this is unduly restrictive?
A decade ago most lenders had a different appetite for risk. Almost all Chipstead conveyancing firms would have been on most bank panels. The FSA in 2010 completed a thematic investigation into mortgage fraud which come to the conclusion: know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more data from law firms concerning their operations and their employees and set certain criteria such a completing on a minimum number of conveyancing. Many Chipstead conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Chipstead is one of the hundreds of locations where the lawyers we list are are approved Bank of Ireland.
I happen to be the only recipient of my late mum's estate and I have everything in my name alone, including the my former home in Chipstead. The Chipstead property was put into my name in September. I plan to dispose of the property. I understand that there is a Mortgage Lenders six month 'rule', meaning my property ownership will be regarded the same way as though I had purchased the house in September. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. Some lenders would take a pragmatic view as this clause principally exists to capture the purchase and immediately sell or the flipping of property.
When it comes to lenders such as Yorkshire BS, do Chipstead solicitors incur an annual charge to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
We are getting the release of further monies on our home loan from Nottingham as we wish to carry out renovations to our home in Chipstead. Are we obliged to select a nearby Chipstead solicitor on the Nottingham conveyancing panel to deal with the paperwork?
Nottingham don't usually instruct a member of their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham list.
Do commercial conveyancing searches reveal planned roadworks that could impact a commercial land in Chipstead?
Its becoming the norm that commercial conveyancing solicitors in Chipstead will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Chipstead. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Chipstead.
For every commercial conveyancing transaction in Chipstead it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to Chipstead commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for residential conveyancing in Chipstead.
I have todayfound out that Wolstenholmes have closed. They conducted my conveyancing in Chipstead for a purchase of a freehold house 10 months ago. How can I be sure that my home is not still registered in the name of the former proprietor?
The quickest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Chipstead conveyancing specialists.
I'm remortgaging my existing property to a BTL loan with The Mortgage Works and I will use the rest of the raised equity as a deposit on another house. The area we are interested in is Chipstead. Will your solicitors be able to act for both sets of mortgage companies and tie in the two deals?
Make use of our comparison tool on this page to be sure that the lawyers are approved by both banks. Having checked that they are the conveyancer will be able to tie up the two transactions but you should talk with you lawyer and communicate your expectations and needs.