I am obtaining a mortgage offer from Santander. I hope to instruct a Licensed Conveyancer in Nag's Head. Does the Santander Solicitor panel exclude conveyancers regulated by the CLC?
The Santander conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
When will exchange of contracts happen for purchase conveyancing in Nag's Head and do I need to attend the conveyancers office?
If you are local to our conveyancing solicitors in Nag's Head you are welcome to attend to sign the paperwork. However, the lender approved solicitors we work with supply countrywide coverage for conveyancing and give as equally detailed and professional a job for you when communicating with you by post or email. The executing of the contract is not when everything is set in stone. Signing on the dotted line simply enables the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Nag's Head)to be in the office available at the end of the phone to exchange contracts.
How does conveyancing in Nag's Head differ for newly converted properties?
Most buyers of new build residence in Nag's Head come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is completed. This is because developers in Nag's Head typically buy the land, 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 conveyancers 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 used to new build conveyancing in Nag's Head or who has acted in the same development.
Are there any apps to assist me to locate a Nag's Head law firm on the Chelsea Building Society conveyancing panel? I drive a motor bike and am willing to travel upto 20miles to meet the lawyer.
Feel free to make use of the search on this page. Please select a mortgage company and your location and you will see a number of Nag's Head conveyancing lawyers located nearest you. We have listed some Nag's Head conveyancing firms towards the end of this page and you can call them to verify if they are on the Chelsea Building Society member panel
My husband and I are 17 days into a freehold purchase having been directed to a firm by the high street agent to perform conveyancing in Nag's Head. I am am very disappointed with the level of service. Can you help me find new solicitors?
They would have to be very bad to suggest replacing them. Has your loan offer been sent? In the event that it has you need to advise them of the replacement lawyer and ensure the mortgage documents are issued to the new lawyers. The solicitor ideally needs to be on the lenders panel to avoid supplemental costs and complications. So that should be your starting point. The find a solicitor tool can help you find a bank approved lawyer for your home move in Nag's Head
I own a leasehold flat in Nag's Head. Conveyancing was finalised in 2009. I have been told that I should not let the lease length get too short. Why is that a problem?
Nag's Head leasehold properties are for a set term - often just under one hundred years when they started. However many flats in Nag's Head were built or converted in the 60’s and so these leases now have less than eighty years remaining. This may sound like a long time however Banks, Building Societies and other mortgage lenders on the whole require leases to have at least seventy five years left to be mortgageable. Accordingly when you come to sell the property you will need to extend the term of your lease if you are getting close to 75 years. To optimize the saleability of your property you should be considering whether or not to extend your lease long before you come to sell it. Please note that there are advantages to taking action before the lease reaches even eighty years as when the lease falls below 80 years the premium you have to pay to extend starts to escalate.