Do all mortgage companies provide you with an approved list of Higham Ferrers conveyancing solicitors? How do you know who is on the Coventry BS conveyancing panel?
Higham Ferrers conveyancing firms themselves provide us confirmation that they are on the Coventry BS conveyancing panel as opposed to being supplied with a list from Coventry BS directly.
I am the only beneficiary of my late grandmother’s estate with all property in now in my sole name, including the my former home in Higham Ferrers. Conveyancing formalities meant that the Land Registry date was in September. I plan to dispose of the property. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my property ownership will be considered the same way as if I'd bought the property in September. Will no one buy the property for half a year?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. many lenders would take a pragmatic view as this requirement is principally there to identify subsales or the flipping of property.
is it true that all Higham Ferrers solicitor firms on the Nationwide conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Nationwide conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. Some mortgage companies do permit licenced conveyancers on their panel and in that case the practice would be overseen by the CLC.
I was told three weeks ago that my mortgage has been agreed to by UBS. Is it usual for UBS to only issue the offer once my solicitor in Higham Ferrers is approved on their conveyancing panel? UBS have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I used Action Conveyancing several years past for my conveyancing in Higham Ferrers. Now, I need the files but the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Higham Ferrers of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Higham Ferrers differ for newly converted properties?
Most buyers of new build residence in Higham Ferrers contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is completed. This is because house builders in Higham Ferrers tend to purchase 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 conveyancers 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 used to new build conveyancing in Higham Ferrers or who has acted in the same development.
Is it simple use your search app to choose a conveyancing practitioner in Higham Ferrers on the approved list for my mortgage?
First choose a mortgage company such as Birmingham Midshires, Chelsea Building Society or Godiva Mortgages Ltd then type in your location e.g. Higham Ferrers. Conveyancing practices in Higham Ferrers and further afield will then be listed.
We are seeking to buy a repossessed property in Higham Ferrers and the mortgagee in possession require completion within 28 days. Do conveyancing practitioners meet that timeframe? Would it be better to select a high street Higham Ferrers firm or an online organisation that professes to offer speedy conveyancing?
Attend your Higham Ferrers shopping parade. Go in to two or three solicitor’s offices and ask to see a conveyancing solicitor for a quote. Discuss your situation and get assurances on speed. Choose the firm that seems most trustworthy. Make sure to choose a property lawyer on the panel of lawyers acceptable to your bank.