I was advised yesterday by my IFA that my Godmanchester property lawyer is not on the bank Solicitor panel. What can I do to be certain if this is indeed the case?
Your first step should be to contact your Godmanchester conveyancer. It is reasonable to expect your lawyer to inform you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
I am selling my home in Godmanchester. Will the conveyancer need to be required to be on the Lloyds conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Lloyds conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.
I require expedited conveyancing in Godmanchester as I am under a deadline to sign on the dotted line in less than one month. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you have the choice not to have searches carried out although no solicitor would recommend that you don't. Drawing on years of experience of conveyancing in Godmanchester the following are instances of issues that can be revealed and therefore impact future saleability: Refused Planning Applications, Outstanding Fees, Overdue Grants, Unadopted Roads,...
How does conveyancing in Godmanchester differ for new build properties?
Most buyers of new build premises in Godmanchester come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is finished. This is because builders in Godmanchester tend to buy 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 conveyancing solicitors 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 used to new build conveyancing in Godmanchester or who has acted in the same development.
I'm converting the mortgage on my primary house to a buy to let loan with Nationwide Building Society and intend to use the remaining equity towards further house. The location we are interested in is Godmanchester. Will your solicitors be able to act for both sets of banks and link together the two deals?
Make use of our search tool on this page to check that the conveyancers are approved by both lenders. On the basis that they are the conveyancer will be able to simultaneously deal with the two conveyancing matters but you should talk with you solicitor and specify your desired outcome and requirements.
I'm remortgaging a property in Godmanchester. I can find my conveyancer's company on the CLC list, but I can't see my conveyancer's name on the list. Is this a big problem?
Not every individual in the company must be listed by the regulator. Provided there is someone qualified to 'oversee' the work, the actual day-to-day activity can be undertaken by unqualified staff.