I was told today by my IFA that my Plaistow property lawyer is not on the mortgage company Solicitor panel. What can I do to be sure that this is correct?
The first thing you need to do is to call your Plaistow conveyancer. It is reasonable to expect your lawyer to notify you of the situation. If they are not on the panel they may recommend you to a Plaistow conveyancing firm that is on the approved list of lawyers for your mortgage company.
Are the Plaistow conveyancing solicitors identified as being on the Principality conveyancing panel, together with their details provided by Principality?
Plaistow conveyancing firms themselves provide us confirmation that they are on the Principality conveyancing panel as opposed to being supplied with a list from Principality directly.
My aunt passed away last year and as sole heir and executor I was left the property in Plaistow. The house had a relatively small loan remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Leeds Building Society, pay off the mortgage. Is this allowed?
Given you intend to refinance then Leeds Building Society will require that you use a conveyancer on the Leeds Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Leeds Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Leeds Building Society mortgage is registered as a charge at the Land Registry.
What is the difference between a licensed conveyancer and conveyancing solicitor in Plaistow
There are many recorded licenced Conveyancers in Plaistow and Solicitor partnerships in Plaistow who can help with your conveyancing It is important to make clear that both are regulated professionals specialising in the legal aspects of transferring property. They may both also deal with other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
When it comes to lenders such as Nottingham, do Plaistow conveyancing practitioners have to pay a fee to be on the list of approved solicitors?
We are not aware of any mortgage company fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
I have decided to exercise my right to buy my property in Plaistow off the council. I have a mortgage agreed with Nottingham. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nottingham, you will need to appoint a solicitor on the Nottingham conveyancing panel.
Due to the advice of my in-laws I had a survey completed on a property in Plaistow in advance of retaining lawyers. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some lenders tend not give a loan on a flying freehold premises.
It varies from the lender to lender. HSBC has different instructions from Birmingham Midshires. If you call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Plaistow. Conveyancing will be smoother if you use a solicitor in Plaistow especially if they are familiar with such properties in Plaistow.
I am 17 days into a leasehold purchase having been referred to solicitors by the local agent to do our conveyancing in Plaistow. I am am starting to be dissatisfied with the level of service. Can you you assist me in finding new solicitors?
They would have to be really bad to suggest diss instructing them. Has your loan offer been sent? In the event that it has you need to make them aware of the new contact details and have the offer are re-sent. Your new solicitor ideally should be on the mortgage company panel to avoid supplemental costs and delays. So that should be your first question of the new lawyers. The search tool will assist you in finding a lender approved conveyancer for your conveyancing in Plaistow