At what point will exchange of contracts happen for sale conveyancing in South Brent and am I required to attend the lawyers branch?
Where you are in close proximity to one of the conveyancing solicitors in South Brent you are welcome to come in to sign contracts. However, the firms we work with offer a nationwide conveyancing service and provide as equally diligent and professional a job for you when dealing with you digitally. The executing of the sale agreement is not the important part. A signed contract is necessary for the solicitor to address the formalities when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in South Brent)to be in the office at the appropriate time.
We're in South Brent, First timers buying with a mortgage (lender is Virgin Money , and our lawyer is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
We are getting a further advance on our mortgage from Aldermore as we wish to conduct improvements to our property in South Brent. Do we need to select a nearby South Brent solicitor on the Aldermore conveyancing panel to deal with the paperwork?
Aldermore don't usually appoint firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Aldermore list.
After weeks of negotiation I have agreed a price on an apartment in South Brent. My financial adviser suggested a conveyancer. I paid an advanced payment of £175. A couple of days later, the solicitor contacted me sheepishly admitting that they were not on the Co-operative conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Co-operative panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I had an offer accepted on a property in South Brent on 1/11/2024, valuation was booked five days after, received a clean bill of health. Property lawyer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Clydesdale and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Clydesdale conveyancing panel. Are Clydesdale 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 Clydesdale to deal with your lawyer's application to be on the Clydesdale conveyancing panel. There's no guarantee that your solicitor will be accepted.
I opted to have a survey carried out on a property in South Brent in advance of instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some lenders tend refuse to issue a loan on such a premises.
It depends who your proposed lender is. Santander has different instructions from Halifax. Should you wish to call us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in South Brent. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm remortgaging my existing house to a buy to let mortgage with Nottingham Building Society and intend to use the remaining equity as a down payment on further property. The area we are talking about is South Brent. Will your conveyancers be able to act for both sets of banks and tie in the transactions?
Do use our comparison tool on this site to check that the lawyers are on the relevant lender panels. On the basis that they are the solicitor should be able to tie up the two transactions but you should talk with you conveyancer and specify your desired outcome and requirements.
Do I stop the direct debit for my mortgage with Clydesdale as soon as a completion date for my sale in South Brent has been set?
You would be well advised to continue paying any mortgage payments to Clydesdale until the mortgage is repaid out of the proceeds of sale as part of your South Brent conveyancing.