Do the Building Society Association intend to launch a online directory to list law firms on the Loughborough BS conveyancing panel for example in Nuneaton?
We are not aware of any intention on the part of the BSA to promote such a register.
My bid for a property was accepted at auction in Nuneaton. Conveyancing is required. What are my next steps?
Given that you are now exchanged you will need to retain a conveyancing lawyer quickly as you are facing a tight a drop dead date to complete the property. Every auction property will have a corresponding auction pack. This will likely include evidence of title and search results. If you have purchased leasehold property the conveyancing papers should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to a leasehold property. You need to hand this to the conveyancer instructed by you as soon as possible. You also need to ensure that your finances are in order to complete on the date specified in the contract.
The formalities of my purchase has taken place for my property in Nuneaton. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I have finally had an offer on a flat in Nuneaton accepted, but there is a chain. The sellers have put an offer on a property, however it’s not been accepted yet, and are looking at other flats booked. I have chosen a bricks and mortar conveyancing solicitor in Nuneaton. What do I do now? When should I get the mortgage application with TSB going?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then valuation, Nuneaton conveyancing search costs, etc). First, you must check that your conveyancing practitioner is on the TSB approved list. Concerning the next phase this very much dictated by the specifics of your case, motivation for the property and on the state of the market. During a buoyant market the majority of buyers will apply for a home loan with TSB and pay for the valuation and only if it comes back ok would they request their conveyancer to move forward with the conveyancing in Nuneaton.
Various web forums that I have frequented warn that are a common reason for hinderance in Nuneaton house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in Nuneaton.
How does conveyancing in Nuneaton differ for newly converted properties?
Most buyers of new build or newly converted property in Nuneaton come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is finished. This is because developers in Nuneaton usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Nuneaton or who has acted in the same development.
I opted to have a survey carried out on a house in Nuneaton in advance of retaining conveyancers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some lenders may not give a mortgage on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. If you e-mail us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Nuneaton. Conveyancing may be slightly more expensive based on your lender's requirements.
After what feels like an age I have had an offer on an apartment in Nuneaton agreed to, the owner does nevertheless have an associated purchase. The sellers have put an offer on on an apartment, however it’s not yet agreed to, and are looking at other apartments booked. I have selected a nearby conveyancing lawyer in Nuneaton. What should be my next step? When should I get the mortgage application with Kent Reliance started with Kent Reliance?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur costs too early (home loan application is in the region of £1k, then valuation, Nuneaton conveyancing search charges, etc). First, you must check that your property lawyer is on the Kent Reliance approved list. Regarding the next stages this very much depends on the circumstances of your transaction, desire for the property and on the state of the market. During a buoyant market the majority of purchasers would apply for the mortgage with Kent Reliance and pay for the survey and only if it comes back ok would they pay their solicitor to press on with the conveyancing in Nuneaton.