I am hoping to receive a offer of a home loan from Santander. My intention is to enlist the help of a Licensed Conveyancer in Shirehampton. Does the Santander Solicitor panel exclude Licensed Conveyancers?
The Santander approved solicitor list is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
I am purchasing a brand new duplex in Shirehampton and my conveyancer is advising me that she is duty bound to the lender to reveal incentives from the developer. The Estate Agents are hassling me to sign contracts and I have no desire to delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Are the Shirehampton conveyancing solicitors identified as being on the Bank of Ireland conveyancing panel, together with their details provided by Bank of Ireland?
Shirehampton conveyancing firms themselves provide us confirmation that they are on the Bank of Ireland conveyancing panel as opposed to being supplied with a list from Bank of Ireland directly.
I bought my home on 9 January and my personal details is not yet registered. Need I be worried? My conveyancing solicitor in Shirehampton expressed confidence that it will be registered in a couple of weeks. Are properties in Shirehampton particularly slow to register?
There is nothing unique about conveyancing in Shirehampton registration formalities. Rather than based on location, timescales can differ according to the party submitting the application, whether there are errors and whether the Land registry communicate with any other persons or bodies. As of today approximately three quarters of such applications are fully dealt with in less than three weeks but some can be subject to longer delays. Registration occurs once the new owner is living at the premises thus registration formalities is not typically an essential issue but where there is a degree of urgency associated with the registration then you or your conveyancer must speak with the land registry and explain the circumstances.
How does conveyancing in Shirehampton differ for newly converted properties?
Most buyers of new build or newly converted property in Shirehampton contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is built. This is because builders in Shirehampton usually 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 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 Shirehampton or who has acted in the same development.
I have today placed an offer on an apartment in Shirehampton and the estate agent that we are dealing with suggested his solicitor. They quoted £1000 excluding VAT and disbursements. Does this sound expensive?
You should not rely on one estimate. You should obtain like-for-like quotes for your conveyancing in Shirehampton. Then pick one that you are comfortable with and crucially, is on the approved panel of the bank that you are sourcing your mortgage from.