At long last a mortgage agreement from NatWest for the remortgage of my 2 room garden flat is due any day now. Could you propose a low cost conveyancing lawyer in New Forest?
This site is not designed to assist those in their quest for the lowest fares for conveyancing solicitors in New Forest. Our aim is to provide affordable conveyancing but we do not aim to work with the cheapest lawyers. Do not be seduced by companies offering £99 conveyancing in New Forest. At best, in deciding on low cost conveyancing, you will earn what you pay for and at worst you will end up paying a lot in additional fees and still not receive the service required.
My wife and I are getting closer to an exchange on a flat in New Forest and my mum and dad have sent the 10% deposit to my conveyancer. I am now informed that as the deposit has been sent from someone other than me my conveyancing practitioner needs to make a notification to my lender. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I disclosed to the lender about my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to hold matters up?
The lawyer is obliged to check with lender to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
How do I investigate if the solicitor handling my conveyancing in New Forest is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Yorkshire Building Society thus paying £187.00 plus VAT in additional legal costs.
You should take advantage of the search tool on this site. Pick the mortgage company and type ‘New Forest’ or your location and you will be presented with numerous conveyancers located in New Forest or by proximity to you.
is it true that all New Forest solicitor practices on the TSB conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the TSB conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many mortgage companies do allow licenced conveyancers on their panel in which case such practice would be governed by the Council of Licensed Conveyancers.
I have today made my last payment due on my mortgage with Bank of Ireland. I assume I don't need a New Forest property lawyer on the Bank of Ireland panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Bank of Ireland mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Bank of Ireland mortgage from the register. Bank of Ireland, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Bank of Ireland has sent the Land Registry the discharge electronically, and
- Bank of Ireland has instructed the Land Registry to do so
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my New Forest bank branch on numerous occasions and was informed it wasn't a problem and they would lend. My New Forest conveyancing solicitor - who is on the lender conveyancing panel- called to say that they refuse to lend based on their specific requirements. I have no idea who is right.
As long as the conveyancer is on the lender approved list, she or he must adhere to the Council of Mortgage Lenders’ Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Just acquired a semi-detached house in New Forest , how long should it take for the Land Registry to deal with the formalities evidencing the transfer to my name? My New Forest conveyancing solicitor has been very slow, so I want to check that my name is registered.
As far as conveyancing in New Forest registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timescales can adjust subject to who lodges the application, whether it is in order and whether the Land registry communicate with any other parties. Currently approximately three quarters of such applications are fully dealt with within 12 days but occasionally there can be protracted hold-ups. Historically registration occurs once the buyer is living at the property thus registration formalities is not usually top priority but if there is a degree of urgency associated with the registration then you or your conveyancer should speak with the land registry and explain the circumstances.
Are there any apps to help identify a New Forest solicitor on the Platform Home Loans Ltd conveyancing panel? I am a keen cyclist and am willing to travel upto 25kilometers to meet the lawyer.
You can use the tool on this website. Please pick a mortgage company and your location and you will see a number of New Forest conveyancing lawyers locally. We have listed some New Forest conveyancing firms at the bottom of this page and you can call them to verify whether they are on the Platform Home Loans Ltd member panel