I have given 8 weeks notice to my existing landlord and have to be out of my let out flat in Moorgate by 14/2/2025. Conveyancing on my purchase is underway. Is it possible to complete in three weeks as don't want to have to find short term accommodation?
It is unwise to give notice on a rental until you have exchanged. Assuming that you have not previously done so, speak to your conveyancer and request that they chase the owners lawyers, try to get a realistic time scale from them that all parties will aim to achieve
What happens if my lawyer’s firm is removed from the Yorkshire BS Solicitor panel ahead of completing my conveyancing in Moorgate?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I am helping my step-mother sell her property in Moorgate. Does the solicitor arrange an energy assessment or it is for me to see to?
After the abolition of HIPs, energy assessments was left as a required part of moving property. An EPC needs to be commissioned in advance of the property being marketed. It is not something that solicitors ordinarily arrange. Where you are instructing a Moorgate conveyancing lawyer they might help arrange EPC’s given their relationships with long established Moorgate providers
A friend advised me that in purchasing a property in Moorgate there could be various restrictions affecting the ability to carry out external changes to a property. Is this right?
We are aware of anumerous of properties in Moorgate which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Moorgate should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
is it true that all Moorgate solicitor practices on the Santander conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Santander conveyancing panel they would need to be overseen by the SRA. The majority of mortgage companies do permit licenced conveyancers on their panel and in such a situation the organisation would be overseen by the Council of Licensed Conveyancers.
I require expedited conveyancing in Moorgate as I have an ultimatum to complete within one month. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are are a mortgage free buyer you are at free not to have searches carried out although no conveyancer would recommend that you don't. Drawing on years of experience of conveyancing in Moorgate the following are examples of issues that can appear and therefore affect the marketability of the property: Refused Planning Applications, Overdue Fees, Outstanding Grants, Railway Schemes,...
I am purchasing a new build house in Moorgate with a mortgage from Santander. The developers would not budge the price so I negotiated £7000 of additionals instead. The sale representative advised me not to tell my lawyer about the side-deal as it could impact my mortgage with Santander. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
My conveyancers in Moorgate have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with the bank. Is it case that being on the bank conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the mortgage company Conveyancing Panel Terms. It might be worth you contacting the lender directly.