The Ely conveyancing lawyers that I recently instructed on my purchase in Ely have suddenly closed. They were on acting for me because I needed a firm on the Nationwide conveyancing panel and my family Ely lawyer was not. I issued them a cheque for £250 in advance. What should be my next steps?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Nationwide conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
I happen to be the single recipient of my late mum's will with all property in now in my sole name, including the my former home in Ely. Conveyancing formalities meant that the Land Registry date was in May. I now wish to sell up. I do know about the Mortgage Lenders 6 month 'rule', which means that my proprietorship may be considered the same way as if I'd bought the house in May. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook requires conveyancers 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 caught by that. Most mortgage companies would take a sensible view as this clause is primarily there to capture the purchase and immediately sell or the flipping of properties.
I had a mortgage agreed in principle with TSB. Ely conveyancing practitioners were chosen. How long does it take for TSB to issue the offer to the conveyancer?
Some lenders take longer than others. Have TSB completed the survey? Have you informed TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Planning on purchasing a house in Ely. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the UBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Ely conveyancing practitioner is on the UBS conveyancing panel.
I have justbeen informed that Action Conveyancing have been shut down. They conducted my conveyancing in Ely for a purchase of a leasehold flat 18 months ago. How can I be sure that the property is in my name in the name of the previous owner?
The easiest way to see 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 Ely conveyancing specialists.
I am purchasing a new build house in Ely with a mortgage from Virgin Money. The sellers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not reveal to my conveyancer about this deal as it will put at risk my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am downsizing from my house. My previous conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. Im based in Ely if that makes a difference.
Please use our search tool to help you find a solicitor for your conveyancing in Ely. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
My husband and I are four weeks into a residential purchase having been recommend to a firm by the estate agent to perform conveyancing in Ely. We are not happy. Can you you assist me in finding new lawyers?
A lawyer would have to be very bad in order to consider changing them. Has your mortgage offer been generated? In the event that it has you must inform them of the replacement solicitor and get the loan are re-sent. Your solicitor ideally needs to be on the lenders panel to avoid escalating costs and delays. That should be your first question of the new lawyers. The find a solicitor tool should assist you in finding a lender approved conveyancer for your home move in Ely