We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would prefer to instruct a local conveyancing solicitor in Higham Wood?
Do check but the the likelihood is that allocate you one of their panel solicitors where you want the "fee-free" deal. Speak to the mortgage company and determine if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor near Higham Wood.
My solicitor has informed me that absentee landlord insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Higham Wood?
The right level of absentee landlord indemnity insurance should be dictated by who your lender. It would differ for example between Santander and Barnsley Building Society. Conveyancing lawyers as opposed to borrowers take out such policies.
I happen to be the sole beneficiary of my late grandmother’s will with all property in now in my sole name, including the my former home in Higham Wood. Conveyancing formalities meant that the Land Registry date was in April. I want to move. I do know about the Mortgage Lenders six month 'rule', meaning my proprietorship could be treated the same way as if I'd bought the house in April. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be caught by that. How sensible a view mortgage companies take of it, depend on the lender as this obligation chiefly exists to capture the purchase and immediately sell or the flipping of property.
After much negotiation I have agreed a price on an apartment in Higham Wood. My mortgage broker suggested a conveyancing practitioner. I paid an on account payment of £150. A few days later, the solicitor called me embarrassingly acknowledging that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am downsizing from our house in Higham Wood and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. Any local conveyancer would know that there is no such problem. It does beg the question why the purchasers are using a factory type conveyancing practice rather than a conveyancing solicitor in Higham Wood. We have lived in Higham Wood for six years we know that this is a non issue. Should we contact our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
Due to the encouragement of my in-laws I had a survey completed on a house in Higham Wood before appointing solicitors. I have been told that there is a flying freehold element to the house. Our surveyor has said that some banks tend refuse to issue a mortgage on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. Should you wish to telephone us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Higham Wood. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm remortgaging my current home to a BTL mortgage with Chelsea Building Society and intend to use the remaining equity as a deposit on another house. The neighborhood we are interested in is Higham Wood. Will your solicitors be able to act for both sets of banks and tie in the conveyances?
Make use of our search tool on this site to ensure that the lawyers are on the relevant lender panels. Having checked that they are the lawyer will be able to simultaneously deal with the two transactions but you should talk with you solicitor and specify your desired outcome and requirements.
We are 17 days into a residential purchase having been recommend to conveyancers by the local agent to perform conveyancing in Higham Wood. I am am starting to be dissatisfied with the level of service. Can you help me find new solicitors?
A lawyer would have to be very bad in order to consider changing them. Has the loan offer been issued? In the event that it has you will need to inform them of the replacement conveyancer and ensure the loan are re-sent. Your new conveyancer needs to be on the mortgage company approved list to avoid escalating fees and complications. So that should be your starting point. The find a solicitor tool should assist you in finding a bank approved solicitor for your home move in Higham Wood