We just had an offer accepted to purchase with Melton Mowbray Building Society. We have called around locally yet am unable to find a Hotwells conveyancing firm on the Melton Mowbray Building Society approved list. Please you assist?
You should take advantage of the find a conveyancing panel solicitor tool on this page. Please choose the building society and type Hotwells or your location and you will discover a number of lawyer based in Hotwells or by proximity to you.
We have a mortgage agreed in principle with Lloyds. Hotwells conveyancing solicitors are selected. What is the average time that one could expect to receive a mortgage offer from Lloyds?
Some lenders take longer than others. Have Lloyds done the survey? Have you informed Lloyds as to your lawyers' details and checked that your lawyers are on the Lloyds conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
The formalities of my remortgage has taken place for my property in Hotwells. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
My offer on a semi in Hotwells has been accepted, but there is a chain. The sellers have offered on on an apartment, however it’s not yet agreed to, and are looking at other properties booked. I have selected a local conveyancing solicitor in Hotwells. What do I do now? At what stage should I apply for the mortgage with Coventry BS?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is in the region of one thousand pounds, then valuation, Hotwells conveyancing search fees, etc). First, you must check that your lawyer is on the Coventry BS approved list. Concerning the next stages this very much depends on the circumstances of your transaction, desire for the property and on the state of the market. During a rising market the majority of purchasers will apply for the mortgage with Coventry BS and pay for the valuation and only if it comes back ok would they request their lawyer to press on with searches.
Me and my brother purchased a semi-detached Victorian property in Hotwells. Conveyancing practitioner acted for me and Virgin Money. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold under the matching property. Is it worth asking Virgin Money to clarify?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hotwells and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing practitioner who conducted the purchase.
I decided to have a survey done on a property in Hotwells prior to instructing conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some lenders tend not grant a loan on this type of premises.
It varies from the lender to lender. Santander has different instructions from Nationwide. If you call us we can check with 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 Hotwells. Conveyancing will be smoother if you use a solicitor in Hotwells especially if they are familiar with such properties in Hotwells.
I'm refinancing my existing property to a buy to let mortgage with Clydesdale and I will use the rest of the raised equity towards another property. The neighborhood we are interested in is Hotwells. Will your solicitors be able to act for both sets of lenders and tie in the two deals?
Make use of our comparison tool on this site to ensure that the conveyancers are approved by both banks. On the basis that they are the solicitor should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you lawyer and specify your desired outcome and needs.
My husband and I are planning to purchase a four bedroom bungalowin Hotwells with a loan from a mortgage company. We have a solicitor in Hotwells but our bank says she’s not on their "panel". It seems we have little choice but to instruct one of the our bank panel solicitors or stay with our Hotwells solicitor and pay for one of their panel ones to represent our mortgage company. This seems very unfair; is there anything we can do?
Unfortunately,no. The bank mortgage issued is subject to its terms and conditions, one of which will be that lawyers will on the bank's conveyancing panel. in the past, most banks had open panels, including many conveyancing solicitors in Hotwells : a mortgagee could choose 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 your bank.