I have just been advised by my lender that my Prenton lawyer is not on the mortgage company Solicitor panel. What can I do to be certain whether this is indeed the case?
The sensible course of action for you to take is to contact your Prenton conveyancer. It is reasonable to expect your lawyer to inform you of the situation. If they are not on the panel they may be able to suggest a Prenton conveyancing firm that is on the approved list of lawyers for your mortgage company.
We note that you have a post code search directory identifying solicitors on the RBS conveyancing panel. Do firms pay you a commission if I retain them for our conveyancing in Prenton?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Prenton.
My uncle informed me that in buying a property in Prenton there may be a number of restrictions preventing external changes to the property. Is this right?
There are anumerous of properties in Prenton which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Prenton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We were going to get a OIP from Nationwide this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Nationwide recommend any Prenton solicitors on the Nationwide conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Prenton solicitors independently although you'll need to choose one on the Nationwide conveyancing panel. The solicitor represents both you and Nationwide through the process.
I currently have a mortgage with Lloyds for my property in Prenton. Conveyancing was finalised months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Lloyds?
You must advise Lloyds prior to letting out your property as this is likely to be a breach of Lloyds’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Lloyds directly. You need not do this via a Lloyds conveyancing panel solicitor.
I need some expedited conveyancing in Prenton as I have a deadline to exchange contracts inside 3 weeks. A mortgage is not required. Can I escape the need for conveyancing searches to save money and time?
As you are not taking a home loan you are at liberty not to do searches although no solicitor would suggest that you don't. Drawing on our experience of conveyancing in Prenton the following are instances of what can arise and therefore impact market value: Enforcement Actions, Outstanding Charges, Overdue Grants, Railway Schemes,...
Due to the advice of my in-laws I had a survey completed on a house in Prenton before retaining lawyers. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some lenders tend refuse to grant a loan on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. If you call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Prenton. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to switch lawyers as my Prenton lawyer is not on the mortgage company's panel of conveyancing solicitors. How simple is it to change conveyancer?
If you haven't yet instructed a conveyancer to commence the conveyancing and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Prenton that you're thinking of instructing.