It is a dozen years since I bought my property in Hanslope. Conveyancing lawyers have just been instructed on the sale but I am unable to find the title documents. Will this jeopardise the sale?
Don’t worry too much. Firstly there is a possibility that the deeds will be retained by the mortgage company or they may stored with the lawyers who acted in your purchase. Secondly in most cases the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring current official copies of the land registers. Nearly all conveyancing in Hanslope relates to registered property but in the unlikely event that your home is not registered it is more of a problem but is resolvable.
we are a couple who are hoping to buy a newly converted apartment in Hanslope with a mortgage from Yorkshire Building Society.We use our Hanslope conveyancing lawyer but Yorkshire Building Society advised that he's not on their "panel". It seems we are left with no choice but to instruct a Yorkshire Building Society panel solicitor or retain our high street solicitor and pay for a Yorkshire Building Society panel lawyer to represent them. This seems very unfair; is there anything we can do?
No, not really. The loan offered to you is subject to its various provisions, one of which will be that solicitors needs to be on the Yorkshire Building Society solicitor panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Yorkshire Building Society
When it comes to lenders such as TSB, do Hanslope conveyancing practitioners have to pay an annual charge to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
We had chosen solicitors based in Hanslope on the Barclays solicitor panel. They are now charging me a further fee for the legal aspects of the Barclays mortgage. Is this an additional conveyancing fee specified by Barclays?
As unfair as it may seem, as long as it’s in their Terms of Engagement or Quote then yes your conveyancing practitioner is entitled to charge a fee for this. This fee is not dictated by Barclays but by your Hanslope lawyer. Some firms on the Barclays panel will levy ’dealing with mortgage’ fee and others do not.
Co-operative have agreed my home loan in principle, my bid on a house in Hanslope has been agreed to, now what?
The property agent will want to know who your solicitors are (ensure that the property lawyers are on the lender’s approved list). Call up Co-operative or your broker and finalise any outstanding forms. Co-operative will instruct a valuer who will get in touch with the selling agent or owners to arrange an appointment. Once conducted (assuming no problems) it takes approximately a fortnight to receive the mortgage offer. Co-operative will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Hanslope.
Are there restrictive covenants that are commonly identified during conveyancing in Hanslope?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Hanslope. 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 Hanslope differ for new build properties?
Most buyers of new build residence in Hanslope approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because house builders in Hanslope usually acquire the land, 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 property lawyers 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 Hanslope or who has acted in the same development.
Are there any apps to help search for a Hanslope solicitor on the The Mortgage Works conveyancing panel? I drive a motor bike and am prepared to travel upto 20miles to meet the lawyer.
Feel free to make use of the search on this website. Please pick a bank and your location and you will see a number of Hanslope conveyancing lawyers based on proximity. We have detailed some Hanslope conveyancing firms towards the end of this page and you can contact them to see if they are on the The Mortgage Works member panel