I am purchasing a flat in Old Coulsdon. My Conveyancer is not listed on the bank solicitor panel. Am I still permitted to appoint my Old Coulsdon conveyancing solicitor notwithstanding that they are not on the lender panel of approved conveyancing solicitors?
You must use a property lawyer to complete the formalities if you require a mortgage to buy your property. They will carry out all the essential due diligence on the property, make sure that you’re registered as proprietor and ensure that all the necessary mortgage paperwork is in place. You may instruct a Old Coulsdon property lawyer of your choice. However, where the lawyer appointed is not a member of the bank approved list further fees will be incurred as separate legal representation will be required by them. Bank panel applications can be submitted, so if your conveyancer has not previously applied for membership they should take the opportunity to apply.
As someone unfamiliar with the Old Coulsdon conveyancing process what is your top tip you can give me for the ownership transfer in Old Coulsdon
You may not hear this from too many lawyers but conveyancing in Old Coulsdon or throughout England and Wales is often a confrontational process. Put another way, when it comes to conveyancing there is plenty of opportunity for friction between you and other parties involved in the ownership transfer. For example, the vendor, estate agent and on occasion your bank. Appointing a solicitor for your conveyancing in Old Coulsdon should not be taken lightly as your conveyancer is your adviser, and is the ONLY party in the transaction whose responsibility is to act in your legal interests and to protect you.
There is a worrying creep in the "blame" culture- someone has to be blamed for the process being so protracted. You your first instinct should be to trust your lawyer above all other players when it comes to the legal transfer of property.
I am helping my mother sell her property in Old Coulsdon. Will the conveyancing solicitor commission an energy performance certificate or it is for me to coordinate?
After the demise of Home Packs, energy assessments was kept a mandatory part of selling a property. An EPC should be to hand before the property is marketed. This is not as aspect of the sale process that solicitors ordinarily arrange. If you are instructing a Old Coulsdon conveyancing practitioner they might be willing to arrange energy performance certificates given their contacts with long established Old Coulsdon accredited person
Is it correct that all Old Coulsdon CQS (Conveyancing Quality Scheme) solicitors are on the Aldermore conveyancing list of approved practices?
It is true that some lenders now utilise the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
I was told four weeks ago that my mortgage has been agreed to by Principality. Is it usual for Principality to only issue the offer once my solicitor in Old Coulsdon is approved on their conveyancing panel? Principality have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Principality to deal with your lawyer's application to be on the Principality conveyancing panel. There's no guarantee that your solicitor will be accepted.
three months have elapsed since my purchase conveyancing in Old Coulsdon took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm remortgaging my primary home to a BTL mortgage with Bank of Ireland and I will use the ballance of the raised equity as a deposit on a second house. The location we are talking about is Old Coulsdon. Will your lawyers be able to act for the two lenders and link together the transactions?
Do use our comparison tool on this site to ensure that the conveyancers are on the appropriate lender panels. Having checked that they are your conveyancer should be able to tie up the two deals but you should have a chat with you conveyancer and make apparent your desired outcome and needs.
I need to find a conveyancing solicitor for freehold conveyancing in Old Coulsdon. I've discover a web site which looks to be the perfect answer If there is a chance to get all this stuff done via phone that would be ideal. Do I need to be wary? What should out be looking out for?
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?