I am expecting a mortgage offer from Halifax. I would like to enlist the help of a Licensed Conveyancer in North Shields and Tynemouth. Does the Halifax Solicitor panel allow for conveyancers regulated by the CLC?
The Halifax approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
Completed the sale of my flat in North Shields and Tynemouth last July but my buyer keeps calling me to say her solicitor needs to hear from mine. What are the post completion sale legalities following completion?
Post completion of your house sale your solicitor should deliver the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. If applicable, your conveyancer should also evidence that the home loan has been paid off to the purchasers lawyers. There are no post completion formalities just for conveyancing in North Shields and Tynemouth.
We're in North Shields and Tynemouth, First time buyers purchasing with a mortgage (lender is HSBC , and our lawyer is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
We are due to move house in May. Should my conveyancing solicitor update the removal company on the day of completion. Incidentally, can you suggest a removal company in North Shields and Tynemouth. Conveyancing lawyer was organised prior to coming across your site.
On the afternoon of completion you can pick up the house keys from your selling agent but this can only happen when the sellers lawyers confirm to the agent that they acknowledge receipt of the completion payment and the keys can be collected. Subsequently you can inform the removal men that you are ready to move in. As a matter of policy we do not suggest a particular removal organisation but can assist you in choosing a residential property solicitor in North Shields and Tynemouth or a firm with expertise in conveyancing in North Shields and Tynemouth.
Is it the case that all North Shields and Tynemouth solicitors on the Santander conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Santander conveyancing panel they would need to be regulated by the SRA. The majority of lenders do list licenced conveyancers on their panel in which case such firms would be governed by the CLC.
I can not fathom if my lender requires a lease extension. I have called my North Shields and Tynemouth building society branch on a couple of occasions and was told they are content with the situation and they will lend. My North Shields and Tynemouth conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend based on their specific requirements. I simply don't know who is right.
Provided that the solicitor is on the bank approved list, she or he must comply with the Council of Mortgage Lenders’ Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the bank 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 lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I own a semi-detached Victorian property in North Shields and Tynemouth. Conveyancing lawyer represented me and Birmingham Midshires. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in North Shields and Tynemouth and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing lawyer who carried out the work.
I am purchasing my first flat in North Shields and Tynemouth with the aid of help to buy. The developers refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not reveal to my lawyer about this side-deal as it will impact my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.