I can't travel far from Snaith. Is there a reason why all Snaith lawyers aren't automatically on all mortgage company panels?
A decade ago most banks exhibited an approach to risk which is different than today. The financial regulator in 2010 instigated a thematic review into property fraud which in summary warned lenders: know the property lawyers on your panel. As a result, lenders have since soughtmore data from law firms regarding their operations and the staff who work for them and set certain criteria such as completing a minimum volume of transactions. Many law practices have been removed from lender panels even though they had an exemplary track record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of volume of transactions the mortgage companies required.
Planning on purchasing a apartment in Snaith. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nottingham conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Snaith solicitor is on the Nottingham conveyancing panel.
I had an offer accepted on a property in Snaith on 18/11/2025, valuation was booked five days after, all came back fine. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to HSBC and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the HSBC conveyancing panel. Are HSBC entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for HSBC to deal with your lawyer's application to be on the HSBC conveyancing panel. There's no guarantee that your solicitor will be accepted.
At last I have had an offer on a flat in Snaith agreed to, the owners do however have an associated purchase. The vendors have offered on a property, however it’s not been accepted yet, and have viewings of other apartments booked. I have chosen a bricks and mortar conveyancing solicitor in Snaith. What do I do now? At what stage do I apply for the mortgage with UBS?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx one thousand pounds, then survey, Snaith conveyancing search fees, etc). The first course of action is to check that your conveyancing practitioner is on the UBS conveyancing panel. Regarding the next stages this very much dictated by the uniqueness of your case, attraction to the property and on the state of the market. During a rising market the majority of purchasers will apply for a home loan with UBS and arrange for the valuation and only if it was satisfactory would they pay their conveyancing practitioner to proceed with searches.
Should my solicitor be making enquiries about flooding during the conveyancing in Snaith.
Flooding is a growing risk for lawyers dealing with homes in Snaith. Some people will buy a property in Snaith, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Lawyers are not best placed to impart advice on flood risk, however there are a various checks that can be carried out by the buyer or by their solicitors which will give them a better understanding of the risks in Snaith. The standard completed inquiry forms given to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a usual inquiry of the seller to determine if the property has ever been flooded. In the event that the property has been flooded in past which is not revealed by the vendor, then a purchaser may bring a claim for damages as a result of such an incorrect reply. A buyer’s conveyancers will also carry out an environmental search. This will higlight if there is any known flood risk. If so, further investigations will need to be made.
Are there restrictive covenants that are commonly identified as part of conveyancing in Snaith?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Snaith. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build apartment in Snaith. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Snaith
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There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I'm refinancing my existing property to a BTL loan with Nottingham Building Society and intend to use the remaining equity as a deposit on further property. The location we are looking at is Snaith. Will your conveyancers be able to act for the two mortgage companies and tie in the transactions?
Make use of our comparison tool on this page to be sure that the solicitors are approved by both lenders. Assuming that they are the lawyer should be able to tie up the two conveyancing matters but you should talk with you lawyer and make apparent your desired outcome and requirements.