Me and my fiance are buying a 1 bedroom apartment in Filey with a mortgage. We have a Filey conveyancer, however the mortgage company advise she’s not on their "panel". It appears that we have little option but to use one of the mortgage company panel solicitors or keep our Filey conveyancer as well as pay for one of their panel firms to represent them. This feels very unfair; can we not demand that the lender use our Filey conveyancing practitioner ?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Filey conveyancing solicitor to apply to be on the conveyancing panel.
We are buying a end of terrace house in Filey. The intention is to convert the garage to an office at the house.Will the conveyancing process involve enquiries to see if these alterations are allowed?
Your solicitor will check the deeds as conveyancing in Filey will on occasion identify restrictions in the title documents which prevent categories of changes or necessitated the permission of another owner. Some additions call for local authority planning permissions and approval in compliance with building regulations. Some areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these things with a surveyor prior to committing yourself to a purchase.
Can you point me to a directory of Lloyds panel solicitors in Filey on the Building Society Association’s Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings visible online. Where you are in need of a Filey conveyancer on the Lloyds please make the most of our tool.
Bank of Ireland have agreed my home loan in principle, my bid on a house in Filey has been accepted, what are the next steps?
Your property agent will wish to know who your solicitors are (make sure the conveyancers are on the lender’s panel). Call up Bank of Ireland or the financial adviser and complete any appropriate forms. Bank of Ireland will instruct a valuer who will get in touch with the selling agent or owners to arrange an appointment. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Bank of Ireland will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Filey.
four months have gone by since my purchase conveyancing in Filey took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build apartment in Filey. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Filey
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I'm remortgaging my existing home to a buy to let loan with Accord Mortgages Ltd and intend to use the remaining equity as a down payment on another property. The neighborhood we are talking about is Filey. Will your conveyancers be able to act for both sets of banks and tie in the conveyances?
Make use of our search tool on this site to check that the solicitors are on the appropriate lender panels. On the basis that they are your conveyancer will be able to connect the two conveyancing matters but you should have a chat with you lawyer and specify your expectations and requirements.
My conveyancing in Filey completes next Friday, but the owners I am buying off has asked to move out the next day at afternoon. Should I accept this?
It is not possible to complete on a Saturday because the bank systems aren't operational.