Much to our surprise we have been advised by our IFA that my Potton lawyer is not on the lender Solicitor panel. How can I check?
Your first step should be to call your Potton conveyancer. You lawyer should notify you what has happened. If they are not on the panel they may be able to suggest a Potton conveyancing practice that is on the conveyancing panel for your bank.
My wife and I are buying a newly constructed flat in Potton and my lawyer is informing me that she has to the mortgage company to reveal incentives from the seller. The Estate Agents are hassling me to exchange contracts and I have no desire to delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My aunt passed away 10 months ago and as sole heir and executor I was left the house in Potton. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Nationwide, pay off the mortgage. Is this possible?
If you plan to refinance then Nationwide will insist on your using a conveyancer on the Nationwide 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 Nationwide 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 Nationwide mortgage is registered as a charge at the Land Registry.
This question may be naive but I am unseasoned as FTB of a two bedroom flat in Potton. Do I collect the keys to the premises on completion from my conveyancer? If this is the case, I will find a local conveyancing solicitor in Potton?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the purchase money to the seller's conveyancers, and shortly after the monies have arrived, you should be able to receive the keys from the selling Agents and move into your new home. Usually this happens early afternoon.
Last month we had a mortgage agreed in principle with Clydesdale. Potton conveyancing practitioners were chosen. What is the average time that one could expect to receive a mortgage offer from Clydesdale?
There is no definitive answer here. Have Clydesdale done the valuation? Have you advised Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
After shopping around on the internet I have found a Potton conveyancer having checked that they are on the RBS conveyancing panel. Does my lawyer arrange the survey of the property?
RBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually RBS 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. You may wish to consider appointing your own Potton surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
How does conveyancing in Potton differ for newly converted properties?
Most buyers of new build property in Potton contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Potton typically purchase the land, 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 conveyancing solicitors 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 Potton or who has acted in the same development.
What is different about your site and alternative internet conveyancing brokers for conveyancing in Potton?
At this site secure a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Potton. Unlike many estate agents and many comparison sites we are not in the business of charging firms a commission if you appoint them for your conveyancing in Potton