My apartment in North Cave is up for sale and I have accepted an offer. Does the solicitor have to be on the Principality conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Principality conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.
Please help - my lawyer advises that lack of building regulations insurance is required on my purchase. What is the typical level of cover needed for conveyancing in North Cave?
The right level of lack of building regulations indemnity insurance depends on your lender. It would differ for example between HSBC Bank and Leeds Building Society. Conveyancing solicitors as opposed to members of the public take out such policies.
We previously selected conveyancing lawyers based in North Cave on the Bank of Ireland solicitor panel. They have just invoiced me a separate charge for dealing with the Bank of Ireland mortgage. Is this an additional conveyancing fee set by Bank of Ireland?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your solicitor can charge a fee for this. This fee is not dictated by Bank of Ireland but by your North Cave lawyer. Some firms on the Bank of Ireland panel will quote ’dealing with mortgage’ fee and others do not.
I was told four weeks ago that my mortgage has been agreed to by Co-operative. Is it usual for Co-operative to only issue the offer once my solicitor in North Cave is approved on their conveyancing panel? Co-operative have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Co-operative to deal with your lawyer's application to be on the Co-operative conveyancing panel. There's no guarantee that your solicitor will be accepted.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a simple, no chain conveyancing. North Cave is the location of the property. What do you suggest?
Flying freeholds in North Cave are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside North Cave you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in North Cave may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I'm converting the mortgage on my current home to a buy to let loan with Norwich and Peterborough Building Society and intend to use the remaining equity as a deposit on further house. The neighborhood we are looking at is North Cave. Will your conveyancers be able to act for both sets of banks and link together the transactions?
Do use our search tool on this page to be sure that the conveyancers are on the appropriate lender panels. Having checked that they are the conveyancer should be able to connect the two conveyancing matters but you should talk with you conveyancer and communicate your expectations and needs.
My partner has suggested that I appoint his lawyers for conveyancing in North Cave. Do I take his advice?
Much as we are happy to recommend a North Cave conveyancing lawyer the ideal way to select a conveyancing solicitor is to seek feedback from friends or relatives who have used the solicitor that you are considering.
Why am I unable to complete my conveyancing in North Cave on a public holiday?
Because on completion the money will be transferred electronically between the banks of the purchaser and seller's conveyancer and currently this can only happen on a business day. It is not possible to complete on a saturday or sunday either.