My partner and I are intent on acquiring a ground floor flat in Nantwich. My Conveyancer is not on the lender approved list. Am I still permitted to use my Nantwich conveyancing solicitor even though they are not on the lender approved list?
One will need to have a solicitor to deal with the legal work required if you take out a mortgage to buy your property. The solicitor will carry out all the relevant legal checks on the property, ensuring that you will be properly registered as the owner and ensure that all the necessary mortgage documentation is dealt with. One could instruct a Nantwich solicitor of your choosing. Nevertheless, if the property lawyer selected is not a member of the bank approved list additional costs will arise as separate legal representation will be required by them. Lender panel applications may be submitted, so provided your lawyer has not historically applied for membership they should do so.
My lawyer has uncovered a a legal deficiency with the lease for the apartment we are purchasing in Nantwich. The other side have put forward defective title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer 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 bank?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the lender are the client. These conveyancing instructions must be adhered to.
We are buying a house and need a conveyancing solicitor in Nantwich who is on the TSB approved panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for TSB . We don't recommend any particular firms conducting conveyancing in Nantwich.
There are plenty of conveyancing solicitors in Nantwich but how do I know who I should use?
It would be unwise to be swayed by the lowest Nantwich conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
We previously appointed conveyancers with offices in Nantwich on the RBS solicitor approved list. They have just invoiced me a separate fee for dealing with the RBS mortgage. Is this a supplemental conveyancing fee set by RBS?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your conveyancing practitioner is entitled to levy a fee for this. The charge is not set by RBS but by your Nantwich property lawyer. Plenty of firms on the RBS panel will levy ’dealing with mortgage’ fee but plenty of practices incorporate it on their overall fee.
I have decided to exercise my right to buy my property in Nantwich off the council. I have a mortgage offer with Nottingham. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nottingham, you will need to appoint a solicitor on the Nottingham conveyancing panel.
I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in Nantwich I like with open areas and station nearby, however it's only got 61 years unexpired on the lease. There is not much else in Nantwich suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan the shortness of the lease will likely be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
I'm remortgaging my current property to a BTL loan with Clydesdale and I will use the ballance of the raised equity towards further property. The location we are interested in is Nantwich. Will your lawyers be able to act for both sets of mortgage companies and tie in the two deals?
Make use of our comparison tool on this page to check that the solicitors are approved by both mortgage companies. On the basis that they are the lawyer will be able to tie up the two transactions but you should have a chat with you lawyer and make apparent your expectations and requirements.