We wanted to use a property lawyer in Killay for our house move. Our financial adviser informed us that our mortgage lenders Godiva Mortgages Ltd won't deal with them. Why is this not regarded as unfair competition?
A mortgage company will insist on an approved solicitor act for it. Borrowers are expected to meet the charges for this. Do use our tool to find a solicitor to conduct conveyancing in Killay on the Godiva Mortgages Ltd approved list of solicitors.
When it comes to lenders such as TSB, do Killay solicitors incur a fee to be on the list of approved solicitors?
We are not aware of any mortgage company fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Two weeks ago we had a mortgage agreed in principle with Yorkshire BS. Killay conveyancing lawyers were selected. How long does it take for Yorkshire BS to send the offer to the conveyancer?
There is no definitive answer here. Have Yorkshire BS done the survey? Have you informed Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Intending to buy a flat in Killay. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Killay conveyancer is on the Virgin Money conveyancing panel.
Various web forums that I have visited warn that are a common cause of stalling in Killay house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Killay.
I have todaydiscovered that Wolstenholmes have been shut down. They carried out my conveyancing in Killay for a purchase of a freehold house 10 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The easiest way to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Killay conveyancing specialists.
I have been on the look out for a flat up to £195,000 and identified one round the corner in Killay I like with open areas and railway links nearby, the downside is that it's only got 51 years on the lease. There is not much else in Killay suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you require a mortgage that many years may be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
I am purchasing a property and need a conveyancing solicitor in Killay who is on the lender approved panel. Could you point me in the right direction as regards a Killay solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who conduct conveyancing in Killay. We dont recommend any particular firm.