My financial adviser says he needs my Okehampton lawyer’ panel member for the Santander conveyancing panel. What is the best way to obtain this. I have contacted my local Okehampton branch but they have not got back to me yet.
The sensible thing to do is ask for this information from your Okehampton conveyancer . Most Okehampton conveyancing firms will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
I had a mortgage agreed in principle with Principality. Okehampton conveyancing lawyers were instructed. What is the average time that one could expect to receive a mortgage offer from Principality?
There is no definitive answer here. Have Principality done the valuation? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
We expect to receive a AIP from Lloyds this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Lloyds recommend any Okehampton solicitors on the Lloyds conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Okehampton solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
I have instructed a Okehampton solicitor having made sure that they are on the Santander conveyancing panel. Does my lawyer arrange the survey of the property?
Santander will need an independent valuation of the property. Your lawyer will not arrange this. Usually Santander will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Okehampton postcode. As you are getting a mortgage with Santander, you could contact them to see if they have a list of approved surveyors in Okehampton.
Various internet forums that I have frequented warn that are the main reason for obstruction in Okehampton conveyancing transactions. 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 top 10 causes of delays during the legal transfer of property. Local searches are unlikely to be the root cause of slowing down conveyancing in Okehampton.
I opted to have a survey completed on a house in Okehampton before retaining conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies will not issue a mortgage on this type of premises.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. Should you wish to call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Okehampton. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to retain a conveyancing solicitor for my conveyancing in Okehampton. I have discover a web site which seems to have the perfect offering If it is possible to get all this stuff completed via email that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Am in the process of buying my first home in Okehampton. Conveyancing solicitor has been selected. The broker suggested that a survey is not needed as the house was only constructed in 2001.
At the very least you should order a Home Buyer's Report. Given the premises was constructed more than a decade ago the property will not benefit from a warranty, so you would be well advised not to take a risk. For a property that age with no signs of defects a Home Buyer's report could be sufficient. They will highlight any obvious issues and recommend additional investigation if appropriate. If there are any signs of material issues get a full structural survey.