I am expecting a mortgage offer from Halifax. My intention is to use a Licensed Conveyancer in Oundle. Does the Halifax Solicitor panel exclude Licensed Conveyancers?
The Halifax approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
At what point does exchange of contracts take place for domestic conveyancing in Oundle and do I need to attend the lawyers office?
If you are local to our conveyancing solicitors in Oundle you are invited in to sign contracts. That being said, the law practices we recommend supply countrywide coverage for conveyancing and give as equally comprehensive and professional a job for you when dealing with you by post or email. The signing of the property agreement is not the point of no return. Signing on the dotted line is just a prerequisite for the firm to officially exchange at the appropriate time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Oundle)to be in the office at the appropriate time.
My Conveyancer in Oundle has never been on on the The Mortgage Works Conveyancing Panel. Can I still use my family solicitor notwithstanding that they are excluded from the The Mortgage Works panel?
Your options are as follows:
- Complete the purchase with your existing Oundle solicitors but The Mortgage Works will need to use a conveyancer on their list of acceptable firms. This will inevitably rack up the total legal fees as well as result in delays.
- Get a new practitioner to act in the purchase, not forgetting to check they are Persuade your conveyancer to use their best endeavours to join the The Mortgage Works conveyancing panel
A friend pointed out to me me that in buying a property in Oundle there could be a number of restrictions prohibiting external changes to the property. Is this right?
There are a number of properties in Oundle which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Oundle should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am purchasing a property in Oundle. One unusual aspect is that the roof has a solar panel. Coventry BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Coventry BS your lawyer must comply with the conveyancing requirements contained in Part 2 of UK Finance Lenders’ Handbook for Coventry BS. The Council of Mortgage Lenders’ Handbook sets out minimum conditions for solar panel roof-space leases, and property lawyers are required to report to Coventry BS where a lease does not meet these requirements. The requirements relate to the installation of panels on properties countrywide and is not restricted to Oundle.
I am selling my house. I had a double glazing fitted in September 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Santander are being problematic. The Oundle solicitor who is on the Santander conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Santander are insisting on a building regulation certificate. Why do Santander have a conveyancing panel if they don't accept advice from them?
It is probably the case that Santander have referred the matter to their valuer. The reason why Santander may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Do I need to pay for insurance to cover chancel repairs when purchasing a residence in Oundle?
Unless a prior purchase of the property took place post 12 October 2013 you can expect solicitors conducting conveyancing in Oundle to continue to propose a a chancel search and or chancel repair liability insurance.
I decided to have a survey done on a property in Oundle before appointing conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some lenders will not give a loan on this type of home.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Oundle. Conveyancing will be smoother if you use a solicitor in Oundle especially if they are acquainted with such properties in Oundle.