We were going to get a DIP from Coventry BS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Coventry BS recommend any Horley solicitors on the Coventry BS conveyancing panel, or is it better to go independently?
You will need to appoint Horley solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
After much negotiation I have agreed a price on a house in Horley. My mortgage broker pressured me to appoint their conveyancing practitioner. I paid an upfront payment of £225. A couple of days later, the conveyancer called me to say that they were not on the Leeds Building Society 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 Leeds Building Society 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 was told two weeks ago that my mortgage has been agreed to by Nationwide. Is it usual for Nationwide to only issue the offer once my solicitor in Horley is approved on their conveyancing panel? Nationwide have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
It has been four months since my purchase conveyancing in Horley concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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 premises 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.
How does conveyancing in Horley differ for new build properties?
Most buyers of new build or newly converted property in Horley contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is built. This is because new home sellers in Horley usually buy 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 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 accustomed to new build conveyancing in Horley or who has acted in the same development.
I decided to have a survey completed on a house in Horley in advance of retaining conveyancers. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some lenders tend refuse to grant a mortgage on this type of property.
It varies from the lender to lender. HSBC has different instructions from Birmingham Midshires. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Horley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Horley to see if the conveyancing costs will increase in light of this.
As co-executor for the estate of my uncle I am selling a residence in Cardiff but I am based in Horley. My conveyancer (based 200 kilometers from meneeds me to execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing solicitor in Horley who can attest and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are Horley based
Is there a reason that Horley conveyancing costs differ for leasehold and freehold properties?
Leasehold conveyancing in Horley more often than not will involve additional work including investigating the lease, corresponding with the landlord, obtaining up to date rent receipts, landlord’s consents, management company’s accounts etc.