It has come to my attention via my financial adviser that my Greystones lawyer is not on the mortgage company Conveyancing panel. How can I be sure whether this is correct?
The best course of action for you to take is to call your Greystones lawyer directly. You lawyer should notify you what has happened. Where they are not on the panel they may recommend you to a Greystones conveyancing practice that is on the approved list of lawyers for your lender.
Are the Greystones conveyancing solicitors identified as being on the HSBC conveyancing panel, together with their details provided by HSBC?
Greystones conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
Is it the case that all Greystones CQS (Conveyancing Quality Scheme) solicitors are on the Principality conveyancing list of approved firms?
It is true that some banks and building societies now utilise the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of conveyancing solicitors.
We have agreed to purchase a house in Greystones. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nottingham be concerned?
Given that you are obtaining a mortgage with Nottingham your lawyer must follow the formal requirements outlined in Section two of UK Finance Lenders’ Handbook for Nottingham. The Council of Mortgage Lenders’ Handbook contains minimum requirements for solar panel roof-space leases, and conveyancers are required to report to Nottingham where a lease fails to comply with these requirements. The conditions relate to the installation of panels on properties nationwide and is not isolated to Greystones.
After what seems like an age I have had an offer on a flat in Greystones agreed to, the owners do however have an associated purchase. The vendors have offered on on an apartment, however it’s not been accepted yet, and have viewings of other flats in the pipeline. I have chosen a local conveyancing solicitor in Greystones. What do I do now? At what stage should I apply for the mortgage with Aldermore?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx £1k, then valuation, Greystones conveyancing search costs, etc). The first course of action is to check that your lawyer is on the Aldermore approved list. As to the next stages this very much dictated by the uniqueness of your case, desire for this property and on the state of the market. During a hot market some home buyers would apply for a home loan with Aldermore and arrange for the valuation and only if it was satisfactory would they ask their conveyancer to press on with the conveyancing in Greystones.
It has been 3 months following my purchase conveyancing in Greystones completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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 premises 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.
Over the last few months I have been searching for a flat up to £235,500 and identified one round the corner in Greystones I like with a park and transport links nearby, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Greystones for this price, so just wondered if I would be making a mistake buying a short lease?
If you require a home loan that many years may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
Myself and my husband have just had an offer agreed on a house and had an appointment on Monday with the Post Office for the mortgage. They advised us that when it comes to appointing a conveyancing practitioner that unless they are on their approved panel of conveyancing practitioners then we will have to pay out a further charge of £200. This is because they would then have to appoint a conveyancer to act on their behalf in addition to the one we appoint for ourselves and we assume responsibility for their invoice. I have asked the Post Office to provide me with a list so I can request estimates only from their approved solicitors but was told they dont have such a list to hand over. Is there a simple way of finding out who is on a lender panel?
You can enquire of the Post Office what their criteria for panel membership is for a conveyancer.Then ask the conveyancing practitioner of your choice whether they fit that criteria and have they acted on mortgages for the Post Office historically. If the answer to those is yes, then just double check with the Post Office. Alternatively please utilise our search tool and we may be able to find you a conveyancing practitioner in Greystones on the approved list for the Post Office.