Do lenders provide you with an approved list of Newton Heath conveyancing solicitors? How do you know who is on the Yorkshire BS conveyancing panel?
Newton Heath conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Newton Heath. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 6/12/2025, the requirements read as follows :
Forgive me if this question is silly but I am unexperienced as a first time buyer of a two bedroom flat in Newton Heath. Do I pick up the keys to the premises on the completion date from my solicitor? If so, I will instruct a High Street conveyancing solicitor in Newton Heath?
On the day of completion you do not need to go to the conveyancers office in Newton Heath. Your solicitors will transfer the purchase money to the seller's solicitors, and shortly after the monies have arrived, you should be invited to pick up the keys from the Estate Agents and start moving into the property. Usually this happens between 1 and 3pm.
The mortgage over my property is with Yorkshire BS for my property in Newton Heath. Conveyancing has been completed 12 months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Yorkshire BS?
You must advise Yorkshire BS in advance of renting your property as this is likely to be a breach of Yorkshire BS’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Yorkshire BS directly. You need not do this via a Yorkshire BS conveyancing panel firm.
I have finally had an offer on a maisonette in Newton Heath agreed to, but there is a chain. The vendors have offered on a property, however it’s not yet agreed to, and are looking at other properties in the pipeline. I have selected a bricks and mortar conveyancing solicitor in Newton Heath. What should be my next step? When do I get the mortgage application with HSBC going?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur costs too early (mortgage application is in the region of one thousand pounds, then valuation, Newton Heath conveyancing search costs, etc). The first thing to do is ensure that your solicitor is on the HSBC conveyancing panel. Concerning the next stages this very much depends on the uniqueness of your case, motivation for this property and on the state of the market. During a buoyant market the majority of purchasers will apply for a home loan with HSBC and arrange for the valuation and only if it was satisfactory would they request their solicitor to proceed with searches.
Should my lawyer be asking questions regarding flooding as part of the conveyancing in Newton Heath.
Flooding is a growing risk for lawyers dealing with homes in Newton Heath. Some people will acquire a property in Newton Heath, completely aware that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Lawyers are not qualified to offer advice on flood risk, but there are a various checks that may be initiated by the purchaser or on a buyer’s behalf which will figure out the risks in Newton Heath. The conventional set of property information forms given to a buyer’s solicitor (where the Conveyancing Protocol is adopted) contains a standard inquiry of the vendor to determine if the premises has ever been flooded. In the event that the residence has been flooded in past which is not notified by the vendor, then a purchaser may commence a compensation claim stemming from an inaccurate reply. The buyer’s conveyancers should also conduct an enviro report. This should higlight whether there is a recorded flood risk. If so, additional investigations should be carried out.
I opted to have a survey completed on a house in Newton Heath prior to instructing conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies will not give a mortgage on such a house.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. Should you wish to telephone us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Newton Heath. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Newton Heath to see if the conveyancing will be more expensive.
I was recommended by numerous selling agents in Newton Heath to locate a solicitor using your seach tool. Is there a financial incentive for Estate Agents to market your services over and above another?
We refuse to offer any referral fee for pointing buyers and sellers in our direction. We thought it would be too underhand to pay a commission as a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.