Do banks and building societies provide you with an approved list of Loughborough conveyancing solicitors? How do you know who is on the RBS conveyancing panel?
Loughborough conveyancing firms themselves provide us confirmation that they are on the RBS conveyancing panel as opposed to being supplied with a list from RBS directly.
Do the Building Society Association intend to launch a search tool with a view to list practices on the Coventry BS conveyancing panel for instance in Loughborough?
We have not been informed any intention on the part of the BSA to promote such a register.
is it true that all Loughborough solicitor practices on the Coventry BS conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the Coventry BS conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Some mortgage companies do list licenced conveyancers on their panel and in that case the firms would be governed by the CLC.
I am buying a property in Loughborough. One unusual aspect is that the roof has a solar panel. Lloyds have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Lloyds your lawyer must follow the conveyancing instructions outlined in Part two of UK Finance Lenders’ Handbook for Lloyds. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and conveyancers are required to report to Lloyds where a lease fails to meet these conditions. The conditions relate to the installation of panels on properties nationwide and is not isolated to Loughborough.
About to purchase flat in Loughborough. 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 HSBC 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 Loughborough property lawyer is on the HSBC conveyancing panel.
I own a terraced Georgian house in Loughborough. Conveyancing practitioner acted for me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Loughborough and other areas of 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 mortgage companies. You can also check the position with your conveyancing lawyer who conducted the conveyancing.
I opted to have a survey carried out on a house in Loughborough in advance of appointing conveyancers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some banks will not give a loan on a flying freehold premises.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. If you call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Loughborough. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking to sell my property. My previous lawyers closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Loughborough if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in Loughborough. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.