Do lawyers request money on account when it comes to conveyancing in Green Street Green?
If you are buying a property in Green Street Green your lawyer will ask you to provide them with funds to cover the search fees. Generally this is needed to cover the fees of the Local Authority Search. If any down payment is payable against the purchase price then this will be required shortly ahead of contracts are exchanged. Any further balance that is needed should be sent to your lawyer a few days ahead of the completion date.
My wife and I have recently appointed a conveyancing solicitor in Green Street Green. I need to find out if they are on the Britannia conveyancing panel. Can you assist?
You should phone the conveyancer and enquire whether they are on the lender panel. Otherwise please get in touch with Britannia who may be able to help.
Are all Green Street Green Conveyancing Quality Solicitors on the Clydesdale conveyancing list of approved firms?
A selection of lenders now make use of the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of firms.
I have paid off my mortgage with HSBC. I assume I don't need a Green Street Green lawyer on the HSBC panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your HSBC mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the HSBC mortgage from the register. HSBC, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where HSBC has sent the Land Registry the discharge electronically, and
- HSBC has instructed the Land Registry to do so
I currently have a mortgage with Coventry BS for my property in Green Street Green. Conveyancing was finalised months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Coventry BS?
You must advise Coventry BS prior to letting out your property as this is likely to be a breach of Coventry BS’s mortgage conditions. It may be that Coventry BS will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Coventry BS directly. You need not do this via a Coventry BS conveyancing panel solicitor.
I require quick conveyancing in Green Street Green as I am under pressure to sign on the dotted line inside one month. Thankfully I do not need a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you have the choice not to do searches although no lawyer would advise that you don't. With plenty of history conveyancing in Green Street Green the following are instances of what can arise and adversely impact market value: Enforcement Notices, Outstanding Charges, Outstanding Grants, Road Schemes,...
Are there restrictive covenants that are commonly identified during conveyancing in Green Street Green?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Green Street Green. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Green Street Green differ for newly converted properties?
Most buyers of new build or newly converted property in Green Street Green approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is constructed. This is because builders in Green Street Green usually purchase the site, 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 accustomed to new build conveyancing in Green Street Green or who has acted in the same development.