Me and my husband are purchasing property in Lake District. My lawyer has never been on on the bank conveyancing panel. Am I still permitted to retain my Lake District conveyancing solicitor even though they are not on the bank list of approved lawyers?
One will need to have a property lawyer to deal with the legal work required if you need a loan to buy your property. They will conduct all the appropriate legal checks on the property, ensuring that you’re registered as proprietor and ensure that all the necessary mortgage paperwork is in order. One could instruct a Lake District property lawyer of your choosing. However, if the lawyer appointed is not on the bank conveyancing panel further costs will be levied as separate legal representation will be required by them. Lender panel applications may be submitted, so if your lawyer has not in the past applied for membership they should do so.
Can you explain why leasehold purchase conveyancing in Lake District costs more?
Lake District leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Is there a list of Co-operative panel conveyancers in Lake District on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. Very few mortgage companies make their panel listings available online. If you are in need of a Lake District lawyer on the Co-operative please make the most of our facility.
I have instructed a Lake District property lawyer having made sure that they are on the Kent Reliance conveyancing panel. Does my lawyer arrange the survey of the property?
Kent Reliance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Kent Reliance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Lake District postcode. As you are getting a mortgage with Kent Reliance, you could contact them to see if they have a list of approved surveyors in Lake District.
Our sealed bid on a detached house in Lake District has been accepted, but there is a chain. The owners have put an offer on a flat, but it’s not yet agreed to, and are looking at other flats in the pipeline. I have instructed a nearby conveyancing solicitor in Lake District. What do I do now? At what point should I apply for the mortgage with RBS?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is approx one thousand pounds, then survey, Lake District conveyancing search fees, etc). First, you should ensure that your lawyer is on the RBS approved list. As to the subsequent stages this very much depends on the circumstances of your case, attraction to the property and on the state of the market. In a buoyant market many buyers would apply for a home loan with RBS and pay for the valuation and only if it comes back ok would they request their solicitor to move forward with the conveyancing in Lake District.
I have todaybeen informed that Wolstenholmes have closed. They conducted my conveyancing in Lake District for a purchase of a leasehold flat 9 months ago. How can I establish that my home is in my name in the name of the previous owner?
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 Lake District conveyancing specialists.
Due to the advice of my in-laws I had a survey completed on a house in Lake District prior to instructing conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some lenders will refuse to give a loan on this type of house.
It depends who your proposed lender is. Santander has different instructions from Nationwide. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Lake District. Conveyancing may be slightly more expensive based on your lender's requirements.
I was advised by a few selling agents in Lake District to select a property lawyer using your seach tool. Is there a financial incentive for Estate Agents to recommend your site ahead of another?
We don’t make any referral fee for pointing buyers and sellers to this site. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.