My mortgage broker has asked me for my Edgbaston law firm’s panel member for the Nat West conveyancing panel. Can you suggest how I find this out. I have called my local Edgbaston office but they have not got back to me yet.
Have you tried speaking to your Edgbaston lawyer about this?. Most Edgbaston conveyancing firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
My wife and I are about to complete on the purchase of a house in Edgbaston but as a consequence of wreckage from a small fire at the property I have managed to agree reparation from the owner of £3k taking the form of a reduction in the price. I had intended this to be dealt with as part of amending the contract but Leeds Building Society will not agree to this. Should they have been notified?
Your conveyancing practitioner being on the Leeds Building Society approved list is required to advise Leeds Building Society of any variations to the sale price. If you prohibit your property lawyer to disclose the reduction to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new property lawyer for your conveyancing in Edgbaston.
Can you explain why leasehold purchase conveyancing in Edgbaston is more expensive?
In short, leasehold conveyancing in Edgbaston and Birmingham usually warrants extra work compared to freehold transactions. This includes lease investigation, communicating with the landlord concerning the service of required notices, procuring up-to-date service charge and management information, procuring the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first entered into.
We are buying a house in Edgbaston. It might be a silly question but how we can trust a conveyancer? At some point we will need to deposit money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
What is the difference between a licensed conveyancer and conveyancing solicitor in Edgbaston
Two types of professional can perform conveyancing in Edgbaston namely CLC regulated conveyancers or solicitors. The two can provide conveyancing services that you need to complete the sale or purchase of property. Both are duty bound to handle Edgbaston conveyancing to the same quality and guidelines so you can be safe in the knowledge that your conveyancing will be professionally administered and that the requirements and procedures should be suitably attended to.
Two weeks ago we had a mortgage agreed in principle with Santander. Edgbaston conveyancing practitioners are instructed. What is the average time that one could expect to receive a mortgage offer from Santander?
There is no definitive answer here. Have Santander conducted the survey? Have you informed Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
How does conveyancing in Edgbaston differ for newly converted properties?
Most buyers of new build premises in Edgbaston come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is completed. This is because builders in Edgbaston typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Edgbaston or who has acted in the same development.
What does commercial conveyancing in Edgbaston cover?
Non domestic conveyancing in Edgbaston incorporates a wide array of advice, provided by regulated solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.