I am getting a mortgage with Santander. I intend to use a Licensed Conveyancer in Lee. Does the Santander Conveyancing panel include Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
The owners have very assertive sellers who has suggested a lock out contract with a down payment 10k. Is it wise to enter into such agreements?
Exclusivity agreements are contracts between a home owner and purchaser giving the buyer the sole right to the sale of the premises within a prescribed time frame. For all intents and purposes, a lock out is a document stating that you should be issued with a contract at a later date which is the contract for the actual sale. It tends to be used for buyer protection though in some cases, the seller may enjoy an upside from such agreements as well. There are various positives and negatives to using an agreement but you need to check with your lawyer but beware that it may end up costing you more in conveyancing fees. In light of these reasons these contracts are rare when it comes to conveyancing in Lee.
Can your site be used to recommend a Conveyancing solicitor in Lee even if I’m not purchasing or disposing of a house, for example if I intend to buy an office in Lee with a mortgage from Yorkshire Building Society?
The service is predominantly there to get a quote from residential conveyancing solicitors in Lee but we have set out towards the bottom of this page a selection of Lee commercial conveyancing firms. You should enquire with the firm directly to establish if they are also authorised to represent Yorkshire Building Society
What is the difference between a licensed conveyancer and conveyancing solicitor in Lee
There are two types of lawyers who can carry out conveyancing in Lee namely licenced conveyancers or solicitors. Both professionals provide the legal services that required to complete the disposal or purchase of property. They are both required to perform Lee conveyancing to the same standards and guidelines so you may be sure that your conveyancing will be properly administered and that the requisite steps should be appropriately taken.
I currently have a mortgage with HSBC for my property in Lee. Conveyancing has been completed 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform HSBC?
HSBC must be informed of your intention in advance of renting your property as this is likely to be a breach of HSBC’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact HSBC directly. You need not do this via a HSBC conveyancing panel lawyer.
At last I have had an offer on an apartment in Lee agreed to, the owners do nevertheless have a tied purchase. The vendors have placed an offer on somewhere, but it’s not yet tied up, and are looking at other properties in the pipeline. I have chosen a local conveyancing solicitor in Lee. What do I do now? At what point should I apply for the mortgage with Leeds Building Society?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is approx one thousand pounds, then survey, Lee conveyancing search costs, etc). First, you must check that your solicitor is on the Leeds Building Society approved list. Concerning the next stages this very much dictated by the uniqueness of your transaction, motivation for the property and on the state of the market. In a hot market some buyers will apply for the mortgage with Leeds Building Society and arrange for the valuation and only if it comes back ok would they pay their property lawyer to press on with searches.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The lawyers who conducted the conveyancing in Lee 10 years ago have long since closed. Will I be able to sell the house?
In today’s world there are duplicates made of almost everything, and your conveyancer should be aware exactly where to look for all the appropriate documentation so you can buy or sell your property without a hitch. If copies are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities against possible claims on your property.
How does conveyancing in Lee differ for new build properties?
Most buyers of new build property in Lee come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Lee usually buy the site, 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 property lawyers 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 Lee or who has acted in the same development.