I'm in the process of transferring my existing standard loan to a BTL The Mortgage Works mortgage. I have been informed by my broker that I require a solicitor as part of the process. I spoke to the same Comberton conveyancing practitioner who dealt with the legals when I originally acquired the premises. The fee calculation they've given of just over five hundred pounds has shocked me as its a remortgage than a sale or purchase.
The costs illustration is slightly on the high side. If you are prepared to spend time comparing costs you could get the conveyancing a bit cheaper by perhaps £100 plus VAT. That being said, providing that you were pleased with the service the firm gave you couldlive to regret opting for an a cheaper conveyancer. Remember to enquire the solicitor can also act for The Mortgage Works. Do make use of our search tool to locate a Comberton conveyancing firm on the The Mortgage Works member panel, which can often include conveyancing solicitors in Comberton.
Can you point me to a directory of Nationwide panel conveyancers in Comberton on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few lending institutions make their panel listings available over the internet. If you are seeking to appoint a Comberton lawyer on the Nationwide please use our facility.
We have agreed to purchase a house in Comberton. A rare aspect is that the roof has a solar panel. HSBC have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with HSBC your lawyer must follow the formal instructions contained in Section two of UK Finance Lenders’ Handbook for HSBC. The CML Handbook stipulates minimum conditions for solar panel roof-space leases, and solicitors are required to report to HSBC where a lease does not meet these provisions. The conditions relate to the installation of panels on properties countrywide and is not limited to Comberton.
After much negotiation I have agreed a price on a house in Comberton. My mortgage broker recommended their conveyancers. I paid an advanced payment of £200. A couple of days later, the solicitor contacted me to say that they were not on the UBS 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 UBS 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.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Comberton?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Comberton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I decided to have a survey carried out on a property in Comberton prior to instructing conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some lenders will not give a mortgage on such a home.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. Should you wish to telephone us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Comberton. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I be wary by brokers that I am dealing with are suggesting a factory type conveyancing firm as opposed to a local Comberton conveyancing practice?
As with many professional services, often input from relatives can be extremely useful or valuable. Yet there are lots of players in a conveyancing transaction; estate agents, mortgage brokers and mortgage companies may put forward lawyers to choose. Sometimes the solicitors might be known to one of the organisations as being good in their field, but sometimes there may be a commercial relationship behind the endorsement. You are free to appoint your preferred conveyancer. Don't forget that some banks specify a panel list of conveyancers you have to use for the lender related work in your home move.
A conveyancing company acted on my conveyancing in Comberton half a dozen years past having archived my deeds but has now closed – how do I get hold of these?
Title deeds, as such, no longer exist as the majority of homes in Comberton are recorded electronically at Land Registry. If you need to show ownership or are selling or re-mortgaging your conveyancing practitioner should obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned with reasonable haste.