Are the Esher conveyancing solicitors identified as being on the Virgin Money conveyancing panel, together with their details provided by Virgin Money?
Esher 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.
We are planning to purchase with Earl Shilton BS. I went into a few high street practices yet am unable to find a Esher conveyancing firm on the Earl Shilton BS approved list. Please you help?
You should take advantage of the search tool on this page. Please choose the lender and type Esher or your location and you will discover a number of lawyer based in Esher or by proximity to you.
My bid for a property was accepted at auction in Esher. Conveyancing is required. What is next?
Now that you are legally bound yourself to purchase you must find a conveyancing solicitor as a matter of priority as you are facing a fast approaching deadline in which to complete the purchase. An auction property will ordinarily have a corresponding legal pack. This should include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the conveyancing papers should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to leasehold premises. You should give this to the solicitor working for you as soon as possible. Do make sure that your finances are organised to complete on the on the contractual date .
Can you help - my lawyer advises that restrictive coveneant insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Esher?
The right level of restrictive coveneant indemnity insurance should be dictated by who who your lender is. It would differ for example between Santander and Norwich and Peterborough Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
I was told two weeks ago that my mortgage has been agreed to by Virgin Money. Is it usual for Virgin Money to only issue the offer once my solicitor in Esher is approved on their conveyancing panel? Virgin Money have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
How does conveyancing in Esher differ for new build properties?
Most buyers of new build property in Esher contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is constructed. This is because builders in Esher tend to purchase the land, 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 Esher or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one round the corner in Esher I like with a park and transport links nearby, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Esher suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage that many years will be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I have read on various consumer advice websites that before choosing a conveyancing solicitors they need approved by your bank. I am novice purchaser but I have an AIP via HSBC and I already have a bricks and morter conveyancing lawyer in Esher on standby. Does Virgin Money insist on an approved conveyancer to be selected? Does a directory of panel firms even exist for my conveyancing in Esher?
You should use a solicitor that is on the Virgin Money panel. Just call your chosen Esher conveyancing lawyer to check if they are on the Virgin Money panel. If they are not on the panel you have a number of choices open to you here:
- Complete the purchase with your existing Esher lawyer but Virgin Money will undoubtedly instruct a conveyancer on their approved panel. The net result is additional cost together with likely frustration.
- Appoint a new lawyer to conduct the conveyancing, ensuring that they are on the Virgin Money conveyancing panel.
- Appeal to your conveyancer to apply to join the lender panel.