My IFA requires my Crook Log solicitor’s panel reference for the Santander conveyancing panel. Can you suggest how I find this out. I have called my local Crook Log office but they cant find it on their system.
The sensible thing to do is ask for this information from your Crook Log conveyancer . They retain a central record lender panel numbers.
My lawyer has uncovered a defect with the lease for the apartment we are purchasing in Crook Log. The other side have suggested title insurance as a solution. We are content with insurance and will pay for it. Our property lawyer has advised that he must ensure that the mortgage company is happy with this solution. Are we the client or is the lender?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. Your conveyancer must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your solicitor will have no choice but to discontinue acting for you.
We are getting a further advance on our mortgage from Barclays as we wish to carry out a loft conversion to our house in Crook Log. Do we need to appoint a bricks and mortar Crook Log solicitor on the Barclays conveyancing panel to handle the paperwork?
Barclays don't usually instruct firms on 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 Barclays list.
After much negotiation I have agreed a price on a house in Crook Log. My mortgage broker recommended their conveyancers. I paid an upfront payment of £175. A couple of days later, the lawyer called me embarrassingly acknowledging that they were not on the Clydesdale 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 Clydesdale 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.
After what feels like an age I have had an offer on a maisonette in Crook Log agreed to, the owners do nevertheless have a connected purchase. The sellers have offered on a property, however it’s not yet tied up, and are looking at other apartments booked. I have selected a local conveyancing solicitor in Crook Log. What do I do now? At what point should I apply for the mortgage with HSBC?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur costs too early (home loan application is approx £1k, then survey, Crook Log conveyancing search costs, etc). The first course of action is to ensure that your conveyancer is on the HSBC conveyancing panel. Concerning the subsequent steps this very much dictated by the uniqueness of your transaction, motivation for this property and on the state of the market. In a hot market the majority of buyers would apply for the mortgage with HSBC and arrange for the valuation and only if it was satisfactory would they pay their solicitor to press on with the conveyancing in Crook Log.
Over the last few months I have been searching for a ground for flat up to £305k and identified one close by in Crook Log I like with amenity areas and railway links in the vicinity, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Crook Log in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan that many years will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
I'm remortgaging my primary property to a buy to let loan with Godiva Mortgages Ltd and intend to use the remaining equity as a down payment on another house. The area we are looking at is Crook Log. Will your solicitors be able to act for both sets of mortgage companies and link together the conveyances?
Make use of our comparison tool on this page to check that the solicitors are approved by both banks. On the basis that they are your conveyancer will be able to simultaneously deal with the two transactions but you should talk with you lawyer and make clear your desired outcome and needs.
I am 18 days into a leasehold purchase having been referred to conveyancers by the estate agent to handle our conveyancing in Crook Log. I am am starting to be frustrated with the level of service. Can you you assist me in finding new solicitors?
A lawyer would have to be very bad in order to consider replacing them. Has the mortgage offer been issued? In the event that it has you must advise them of the new contact details and have the loan are re-sent. Your conveyancer needs to be on the lenders approved list to avoid escalating expenses and delays. That should be your first question of the new lawyers. The find a solicitor tool will assist you in finding a bank approved lawyer for your conveyancing in Crook Log