I plan on purchasing a ground floor flat in Selhurst. My Conveyancer has never been on on the lender solicitor panel. Am I still permitted to appoint my Selhurst conveyancing solicitor notwithstanding that they are excluded from the lender list of approved lawyers?
Your options include
- Proceed with your chosen Selhurst conveyancer but your lender will no doubt retain a solicitor from their approved panel. The net result is additional fees and likely interruption.
- Choose a new solicitor to conduct the conveyancing, making sure they are on the bank conveyancing panel.
- Convince your conveyancing practitioner to do everything possible to join the mortgage company conveyancing panel
All was ready to move into my new home in Selhurst next Friday. My conveyancing practitioner now wants me to supply her with evidence of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the bank. What does the insurance need to cover?
Any lawyer on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook instructions. These obligations are not unique to conveyancing in Selhurst.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Selhurst?
There are many recorded licenced Conveyancers in Selhurst and Solicitor firms in Selhurst offering conveyancing It is important to make clear that the two are regulated professionals specialising in the legal work in the home buying process. Both can deal with associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Is there a list of Virgin Money panel conveyancers in Selhurst on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the CML or Building Society Association websites. Very few banks make their panel listings visible on the web. If you are in need of a Selhurst conveyancing practitioner on the Virgin Money please make the most of our facility.
I can not work out if my mortgage offer requires a lease extension. I have telephoned my Selhurst building society branch on various occasions and was told it does not impact the mortgage offer and they will lend. My Selhurst conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend in accordance with their published requirements. Who do I believe?
Your solicitor has to follow the CML Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
It has been 2 months since my purchase conveyancing in Selhurst concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Selhurst differ for new build properties?
Most buyers of new build residence in Selhurst approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Selhurst typically buy the site, 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 Selhurst or who has acted in the same development.
In my capacity as executor for the estate of my grandfather I am disposing of a house in Swansea but reside in Selhurst. My conveyancer (who is 250 miles awayrequires that I sign a stat dec prior to completion. Could you suggest a conveyancing solicitor in Selhurst to attest and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are based in Selhurst