Do the Building Society Association intend to launch a search tool with a view to list firms on the Melton Mowbray Building Society conveyancing panel for instance in Plymstock?
We have not been informed any intention on the part of the BSA to develop such a search facility.
We have agreed to purchase a house in Plymstock. A rare aspect is that the roof has a solar panel. Principality have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Principality your lawyer must follow the conveyancing instructions set out in Part two of UK Finance Lenders’ Handbook for Principality. The CML Handbook contains minimum specifications for solar panel roof-space leases, and solicitors are required to report to Principality where a lease fails to meet these provisions. The provisions relate to the installation of panels on properties countrywide and is not restricted to Plymstock.
The formalities of my remortgage has taken place for my property in Plymstock. Conveyancing was a necessary evil but I would like to complain about the lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. We understand that complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Skipton have agreed my mortgage in principle, my offer on a property in Plymstock has been accepted, what are the next steps?
The property agent will wish to be advised as to your conveyancing practitioner's details (be sure the lawyers are on the bank’s approved list). Telephone Skipton or your broker and finalise any appropriate paperwork. Skipton will appoint a valuer who will get in contact with the estate agent or vendor to book a slot for the valuation to happen. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Skipton will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Plymstock.
How does conveyancing in Plymstock differ for newly converted properties?
Most buyers of new build residence in Plymstock come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is built. This is because developers in Plymstock usually buy 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 Plymstock or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a straight forward, no chain conveyancing. Plymstock is where the house is located. Can you offer any advice?
Flying freeholds in Plymstock are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Plymstock you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Plymstock may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My husband and I are first time buyers - agreed a price, yet the agent informed us that the vendor will only go ahead if we use the agent's recommended solicitors as they are insisting on a ‘quick sale’. Our preferred option is to instruct a family solicitor who is familiar with conveyancing in Plymstock
We suspect that the owner is unaware of this requirement. If they desire ‘a quick sale', alienating a motivated purchaser is likely to cause more damage than good. Bypass the agents and go straight to the sellers and make the point that (a)you are keen to buy (b)you are ready to progress, with finances in place © you have nothing to sell (d) you wish to move quickly (e)however you will continue to instruct your preferred Plymstock conveyancing lawyers - as opposed tothe ones that will earn the negotiator at the agency a kickback or achieve conveyancing thresholds pre-set by HQ.
I see that you have a search directory listing solicitors on the bank conveyancing panel. Do Plymstock conveyancing firms pay you a referral fee if I appoint them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the lender conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Plymstock.