I am getting a mortgage with Lloyds. My intention is to use a Licensed Conveyancer in Harringay. Does the Lloyds Solicitor panel exclude Licensed Conveyancers?
The Lloyds conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Completed the sale of my flat in Harringay last March but our buyer keeps e-mailing daily to say their solicitor is waiting to hear from mysolicitor. What are the post completion sale legalities following completion?
Following your house sale your solicitor is committed to forward the transfer deeds and all additional paperwork to the buyer’s conveyancer. Where appropriate, your conveyancer should also send confirmation that the home loan has been paid off to the purchasers conveyancers. There are no post completion steps specific conveyancing in Harringay.
I am buying a right to buy a flat in Harringay. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Harringay you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Harringay.
A relative informed me that in buying a property in Harringay there could be various restrictions preventing external alterations to a property. Is this right?
There are anumerous of properties in Harringay which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Harringay should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I had a mortgage agreed in principle with Nationwide. Harringay conveyancing lawyers were selected. What is the average time that one could expect to receive a mortgage offer from Nationwide?
Some lenders take longer than others. Have Nationwide completed the survey? Have you informed Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Completion of my purchase has taken place for my property in Harringay. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Almost all banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
How does conveyancing in Harringay differ for new build properties?
Most buyers of new build residence in Harringay contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Harringay typically acquire the real estate, 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 Harringay or who has acted in the same development.
Our lawyer in Harringay has uncovered a defect with the lease for the property we are purchasing in Harringay. The seller’s lawyers have offered title insurance as a solution. We are happy with insurance and will pay for it. Our solicitor says that as he is on the lender conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or the mortgage company?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. A precondition to being on the mortgage company approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.