I am getting a offer of a home loan from Lloyds. I hope to retain the legal services of a Licensed Conveyancer in Mexborough. Does the Lloyds Conveyancing panel allow for conveyancers regulated by the CLC?
The Lloyds approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
My lawyer has discovered a defect with the lease for the flat we are buying in Mexborough. The other side have put forward title insurance as a workaround. We are content with insurance and will pay for it. Our conveyancer has advised that he must check that the lender is willing to move forward with this solution. Who is the client here, us or the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the lender are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your property lawyer will have no choice but to discontinue acting for you.
What does my ID and proof of funds have anything to do with my conveyancing in Mexborough? Is this really necessary?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identification documents of the person or body they are dealing with before they can accept their conveyancing retainer. The Terms and Conditions that you need to sign will no doubt reaffirm this. Your lender will also require certain documents to be checked. Should you refuse to supply identification documents, your lawyer would not be able to act for you.
My wife and I are in the process of viewing flats in Mexborough and I am now considering a potential offer. Is it advisable to have my solicitor on ‘stand by’? I will be getting a mortgage with UBS.
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are getting a mortgage with UBS, ask your prospective lawyers if they are on the UBS conveyancing panel otherwise they can't do the mortgage legal work.
About to purchase house in Mexborough. 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 Barclays 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 Mexborough lawyer is on the Barclays conveyancing panel.
Our offer on a detached house in Mexborough has been accepted, but there is a chain. The sellers have offered on a flat, but it’s not yet agreed to, and have viewings of other apartments in the pipeline. I have selected a local conveyancing solicitor in Mexborough. What should be my next step? At what stage should I apply for the mortgage with Skipton?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of £1k, then survey, Mexborough conveyancing search charges, etc). The first course of action is to ensure that your conveyancing practitioner is on the Skipton conveyancing panel. As to the subsequent phase this very much depends on the specifics of your transaction, desire for the property and on the state of the market. During a rising market many buyers would apply for a home loan with Skipton and arrange for the valuation and only if it comes back ok would they request their solicitor to proceed with searches.
It has been 3 months since my purchase conveyancing in Mexborough took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Hoping to buy a property located in Mexborough and I am already nervous. I couldn't find anything specific about Mexborough. Conveyancing will be needed in due course but do you know about the Mexborough area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Mexborough. In the meantime here are some basic statistics that we found