I am expecting a mortgage with Santander. I hope to instruct a Licensed Conveyancer in St Giles. Does the Santander Conveyancing panel exclude Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Can your site be used to locate a Conveyancing solicitor in St Giles even if I’m not buying or disposing of a house, for example if I want to buy a shop in St Giles with a loan from Coventry Building Society?
Our search tool is primarily there to find domestic conveyancing solicitors in St Giles but we have listed at the bottom of this page a few St Giles commercial conveyancing firms. You should speak with the company directly to check if they are also authorised to represent Coventry Building Society
How does conveyancing in St Giles differ for newly converted properties?
Most buyers of new build property in St Giles come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because developers in St Giles usually purchase the real estate, 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 used to new build conveyancing in St Giles or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what should have been a straight forward, chain free conveyancing. St Giles is where the house is located. Is there any advice you can give?
Flying freeholds in St Giles are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside St Giles you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in St Giles may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My husband and I are new to the buying process - had an offer accepted, but the agent advised that the seller will only proceed if we instruct their recommended solicitors as they want a ‘quick sale’. Our preferred option is to instruct a local solicitor who is familiar with conveyancing in St Giles
We suspect that the owner is unaware of this requirement. If they require ‘a quick sale', taking such a hostile approach to a serious purchaser is is going to put the whole deal at risk. Contact the sellers directly and explain that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you are unencumbered (d) you intend to proceed fast (e)but you will continue to appoint your preferred St Giles conveyancing firm - not the ones that will provide the negotiator at the agency a referral fee or meet his conveyancing targets pre-set by head office.
Me and my husband are selling a St Giles property left to us some years ago in 2011. I have over a decades worth of conveyancing knowledge and, now retired, intend to do the conveyancing. The buyer's property lawyer has informed me that their bank will not allow us to do our own conveyancing requiring the funds to be transferred to a solicitor's bank account.
Mortgage instructions to property lawyers from all mainstream lenders state that If the vendor does not have legal representation the borrower's lawyers should check whether the mortgage company needs to be informed so that a decision can be reached as to whether or not they are prepared to progress.