I was told yesterday by my IFA that my Newall Green solicitor is not on the lender Conveyancing panel. How can I be sure whether this is correct?
You need to contact your Newall Green conveyancer. You lawyer should inform you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
My husband and I are only a couple days away from an exchange on a property in Newall Green and my parents have transferred the 10% deposit to my property lawyer. I am now told that as the deposit has not come from me my conveyancer needs to make a notification to my bank. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your conveyancing practitioner is obliged to clarify with lender to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
We note that you have a post code search directory identifying law firms on the Virgin Money conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Newall Green?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Newall Green.
What does a local search tell me about the property we're purchasing in Newall Green?
Newall Green conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company such as PSG The local search plays a central part in many a Newall Green conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your property. The search will provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
Due to the input of my in-laws I had a survey completed on a property in Newall Green in advance of retaining conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some banks tend refuse to give a loan on a flying freehold house.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. Should you wish to call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Newall Green. Conveyancing will be smoother if you use a solicitor in Newall Green especially if they are familiar with such properties in Newall Green.
Been on the hunt for a property lawyer for freehold sale conveyancing in Newall Green. We are selling, uncomplicated no mortgage to discharge, no rush, currently vacant. Got an estimate from a property lawyer for £1000 excluding VAT which is a little steep considering its so straightforward. Can I pay less for conveyancing in Newall Green?
As it’s a sale only, £425 + VAT should be about the cheapest for a Newall Green solicitor firm.