I was informed today by my estate agent that my Greystones lawyer is not on the lender Conveyancing panel. What can I do to be sure whether this is correct?
You need 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 firm that is on the approved list of lawyers for your lender.
Do lenders provide you with an approved list of Greystones conveyancing solicitors? How do you know who is on the Bank of Ireland conveyancing panel?
Greystones conveyancing firms themselves provide us confirmation that they are on the Bank of Ireland conveyancing panel as opposed to being supplied with a list from Bank of Ireland directly.
Is it the case that all Greystones CQS (Conveyancing Quality Scheme) solicitors are on the Co-operative conveyancing list of approved practices?
A selection of lenders now utilise the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
We have agreed to purchase a house in Greystones. A rare aspect is that the roof has a solar panel. RBS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is RBS your lawyer must follow the formal requirements contained in Section two of UK Finance Lenders’ Handbook for RBS. The CML Handbook stipulates minimum specifications for solar panel roof-space leases, and lawyers are required to report to RBS where a lease fails to comply with these requirements. The provisions relate to the installation of panels on properties countrywide and is not limited to Greystones.
I have finally had an offer on a flat in Greystones agreed to, the sellers do nevertheless have an associated purchase. The sellers have put an offer on a flat, but it’s not been accepted yet, and are looking at other apartments in the pipeline. I have selected a high street conveyancing solicitor in Greystones. What do I do now? When should I get the mortgage application with Co-operative started?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is in the region of one thousand pounds, then survey, Greystones conveyancing search fees, etc). First, you must ensure that your property lawyer is on the Co-operative conveyancing panel. Concerning the next steps this very much dictated by the circumstances of your case, attraction to this property and on the state of the market. In a rising market the majority of purchasers would apply for a home loan with Co-operative and pay for the valuation and only if it was satisfactory would they ask their conveyancer to press on with searches.
3 months have elapsed following my purchase conveyancing in Greystones took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. 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 asset 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.
I am looking for a leasehold apartment up to £305k and identified one near me in Greystones I like with amenity areas and station 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 grave error acquiring a lease with such few years left?
If you require a mortgage the shortness of the lease may be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
Myself and my wife have recently had an offer agreed on a apartment and had meeting on Friday with the Post Office for the mortgage. They warned us that when it comes to appointing a solicitor that unless they are on their approved list of lawyers then we will incur an additional fee of about two hundred pounds. This is because they would then have to appoint a solicitor to act for them in addition to the one we choose to act on our behalf and we are liable for their costs. I have requested the Post Office to furnish me with a list so I can seek estimates only from their approved lawyers but was told they dont have such a list to hand over. Is their an easier way of going about this?
You should ask the Post Office what their criteria for panel membership is for a solicitor.Thereafter ask the lawyer of your choice whether they fit that criteria and have they acted on mortgages for the Post Office before. Where the answer to those is yes, then just clarify this with the Post Office. Another option is to utilise our search facility and we should be able to find you a solicitor in Greystones on the panel for the Post Office.