Are the Stone conveyancing solicitors identified as being on the RBS conveyancing panel, together with their details provided by RBS?
Stone conveyancing firms themselves provide us confirmation that they are on the RBS conveyancing panel as opposed to being supplied with a list from RBS directly.
How do I discover of the solicitor conducting my conveyancing in Stone is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Norwich and Peterborough Building Society thus paying £175.00 in further conveyancing fees.
Please do take advantage of the search tool on this site. Pick the mortgage company and type ‘Stone’ or your preferred area and you will discover numerous conveyancers offices in Stone or near you.
My wife and I purchased a semi-detached Edwardian house in Stone. Conveyancing practitioner represented me and Birmingham Midshires. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold under the matching address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Stone and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing lawyer who conducted the work.
How does conveyancing in Stone differ for newly converted properties?
Most buyers of new build premises in Stone come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is built. This is because house builders in Stone typically purchase 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 conveyancers 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 Stone or who has acted in the same development.
I opted to have a survey done on a property in Stone ahead of retaining solicitors. I have been told that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies may not give a loan on a flying freehold home.
It varies from the lender to lender. HSBC has different instructions from Nationwide. Should you wish to call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stone. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stone to see if the conveyancing costs will increase in light of this.
My conveyancers in Stone have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with the bank. Is it case that being on the lender conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the lender Conveyancing Panel Terms. It might be worth you contacting the lender directly.