My husband and I are buying a 3 bedroom flat in Northwood with a mortgage. We wish to retain our Northwood conveyancer, however the bank says he's not on their "panel". It appears that we have little choice but to use one of the bank panel firms or keep our Northwood conveyancer as well as pay for one of their panel ones to act for them. We regard this is unjust; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Northwood conveyancing lawyer to apply to be on the conveyancing panel.
Can the conveyancing lawyers listed on your site conduct conveyancing in Northwood by way of an attended exchange?
There are a few conveyancing experts who can conduct attended exchanges. You should call us to get a conveyancing quote and details as to availability.
Can your site be used to find a Conveyancing solicitor in Northwood even if I’m not purchasing or disposing of a house, for instance where I intend to acquire a shop in Northwood with a mortgage from Clydesdale?
Our comparison service is predominantly utilised to find residential conveyancing solicitors in Northwood but we have listed towards the end of this page a few Northwood commercial conveyancing firms. You should speak with the company directly to check if they can also act for Clydesdale
A friend pointed out to me me that in buying a property in Northwood there could be a number of restrictions limiting what one can do in terms of external changes to a property. Is this right?
We are aware of anumerous of properties in Northwood which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Northwood should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My offer was accepted on a house in Northwood on 8/11/2024, valuation was booked five days later, received a clean bill of health. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to Aldermore and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Aldermore conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Aldermore to deal with your lawyer's application to be on the Aldermore conveyancing panel. There's no guarantee that your solicitor will be accepted.
HSBC have agreed my home loan in principle, my offer on a apartment in Northwood has been agreed to, now what?
The property agent will want to be informed of your lawyer's details (ensure that the lawyers are on the bank’s approved list). Telephone HSBC or your financial adviser and finish off any outstanding forms. HSBC will appoint a valuer who will get in touch with the selling agent or owners to arrange a slot for the valuation to take place. Once carried out (assuming no problems) it takes approximately ten days to get a mortgage offer. HSBC will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Northwood.
Over the last few months I have been searching for a flat up to £195,000 and identified one near me in Northwood I like with amenity areas and station in the vicinity, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Northwood for this price, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
As co-executor for the will of my grandfather I am selling a house in Neath but I am based in Northwood. My solicitor (based 200 miles awayrequires that I sign a stat dec before the transaction finalising. Could you suggest a conveyancing lawyer in Northwood to witness this legal document for me?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are Northwood based