I am in a contract race with another prospective purchaser for a property in Gosport. What can I do to accelerate the conveyancing process?
In a situation where you are under pressure for your conveyancing it is advisable to make sure that your solicitor is familiar with the location as they will have local contacts and know-how. It is possible that they could have handled otherhomes in the same neighbourhood. You would be best advised to use a Gosport conveyancing solicitor. In addition, check that the lawyer is on the on the approved list for your mortgage company. It is claimed that just under twenty per cent of Gosport conveyancing deals are held up or jeopardised after finding out that a purchaser’s lawyer was not on their banks list of approved solicitors. This can often result in the legal process being delayed by as much as 21 days. It is claimed that this issue impacts approximately one hundred thousand home sales annually. Many Gosport conveyancing firms can not act for certain lenders so do check at the outset.
Having sold my house in Gosport last June yet the purchaser is Skype messaging me to say their lawyer is waiting to hear from myconveyancer. What should my lawyer have done following completion?
After completion of your house sale your lawyer is duty bound to deliver the transfer documentation and all supplemental paperwork to the buyer’s lawyers. If applicable, your solicitor must also send confirmation that the mortgage has been redeemed to the purchasers lawyers. There are no post completion tasks peculiar conveyancing in Gosport.
Is it correct that all Gosport CQS (Conveyancing Quality Scheme) solicitors are on the TSB conveyancing panel?
Some major lenders now make use of the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of conveyancing solicitors.
We are getting a further advance on our mortgage from Lloyds as we want to carry out a loft conversion to our property in Gosport. Are we obliged to appoint a high street Gosport solicitor on the Lloyds conveyancing panel to handle the paperwork?
Lloyds would not normally appoint a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Lloyds panel.
I am due to exchange contracts on my apartment. I had a double glazing fitted in August 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Santander are being problematic. The Gosport solicitor who is on the Santander conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Santander are insisting on a building regulation certificate. Why do Santander have a conveyancing panel if they don't accept advice from them?
It is probably the case that Santander have referred the matter to their valuer. The reason why Santander may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I am buying a new build house in Gosport with a mortgage from Santander. The builders refused to budge the price so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not disclose to my conveyancer about the deal as it would jeopardize 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.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Gosport is where the house is located. Can you offer any advice?
Flying freeholds in Gosport are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Gosport you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Gosport may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Is it possible to switch solicitor as I need to find one who is on the Bank of Ireland conveyancing panel. I instructed a high street conveyancing solicitor in Gosport round the corner but the firm is not approved by Bank of Ireland
We will our best to assist in finding you a conveyancing solicitor in Gosport on the Bank of Ireland panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Gosport. In making use of the find a conveyancing solicitor tool on this site, you can contrast costs for conveyancing solicitors in Gosport and throughout England and Wales.