What does my ID and proof of funds have anything to do with my conveyancing in Longthorpe? What am I being asked for?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the ID of the person or body they are dealing with before they can accept their conveyancing retainer. The Terms of Engagement that you need to sign should confirm this. Your lender will also require certain documents to be viewed. Where you are unwilling to hand over identification documents, your conveyancer will not be able to take you on as a client.
We're in Longthorpe, First time buyers purchasing with a mortgage (lender is TSB , and our solicitor is on the TSB conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the TSB conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
When it comes to mortgage companies such as Nationwide, do Longthorpe property lawyers incur a fee to be on the conveyancing panel?
We are unaware of any bank fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We had chosen conveyancers with offices in Longthorpe on the Nottingham solicitor panel. They are now charging me an additional fee for dealing with the Nottingham mortgage. Is this an additional conveyancing fee specified by Nottingham?
As unfair as it may seem, as long as it’s in their Terms and Conditions or Quote then yes your conveyancing practitioner may levy a fee for this. The fee is not dictated by Nottingham but by your Longthorpe conveyancing practitioner. Plenty of firms on the Nottingham panel will charge ’dealing with mortgage’ fee but plenty of firms incorporate it on their overall fee.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Longthorpe building society branch on numerous occasions and was reassured it wasn't a problem and they would lend. My Longthorpe conveyancing solicitor - who is on the bank conveyancing panel- called and was told they refuse to lend based on their published requirements. Who do I believe?
Provided that the lawyer is on the bank approved list, they must comply with the Council of Mortgage Lenders’ Handbook provisions for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what should have been a simple, no chain conveyancing. Longthorpe is where the house is located. What do you suggest?
Flying freeholds in Longthorpe are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Longthorpe you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Longthorpe may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I was advised by two or three local selling agents in Longthorpe to choose a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to offer your services over and above alternative conveyancing organisations?
We don’t make any financial incentive for pointing buyers and sellers to this site. We thought it would be too underhand a fee because members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I purchased a property in Longthorpe last 19/8/2024 and to date it is still not recorded with HMLR. It was part of a development site and my solicitor told me that it can take 12 months to complete the registration formalities. I have spoken with HMLR directly and they have informed me the initial application was cancelled due to failure to reply to requisitions. What can I do?
Contact your conveyancing practitioner - Where you are unsatisfied with the responses, enquire as to their firm’s complaints procedure and amplify your problem to a Complaints Manager. Registrations for Longthorpe conveyancing are not known to be particularly slow.