Much to our surprise we have been notified by our broker that my Taunton property lawyer is not on the mortgage company Solicitor panel. What can I do to check?
The first thing you need to do is to call your Taunton lawyer directly. You lawyer should notify you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
We just had an offer accepted to buy with Norwich and Peterborough Building Society. I called into 3 or 4 local companies yet am unable to find a Taunton conveyancing firm on the Norwich and Peterborough Building Society panel. Can you help?
You should make the most of the find a conveyancing panel solicitor tool on this web page. Please choose the building society and type Taunton or your preferred area and you will be presented with numerous conveyancers located in Taunton or by proximity to you.
Does a directory service exist listing Yorkshire BS panel conveyancers in Taunton on the Council of Mortgage Lender’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. Very few banks make their panel listings available over the internet. Where you are in need of a Taunton solicitor on the Yorkshire BS please use our tool.
We have agreed to purchase a house in Taunton. A rare aspect is that the roof has a solar panel. Kent Reliance have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Kent Reliance your lawyer must check the formal instructions outlined in Part 2 of UK Finance Lenders’ Handbook for Kent Reliance. The Council of Mortgage Lenders’ Handbook contains minimum specifications for solar panel roof-space leases, and solicitors are required to report to Kent Reliance where a lease does not comply with these conditions. The conditions relate to the installation of panels on properties in England and Wales and is not limited to Taunton.
Planning on purchasing a apartment in Taunton. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds 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 Taunton conveyancing practitioner is on the Lloyds conveyancing panel.
I have recentlydiscovered that Stirling Law have closed. They carried out my conveyancing in Taunton for a purchase of a freehold house 18 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The quickest way to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Taunton conveyancing specialists.
How does conveyancing in Taunton differ for new build properties?
Most buyers of new build or newly converted property in Taunton contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is built. This is because new home sellers in Taunton typically 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 conveyancing solicitors 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 Taunton or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Taunton is where the house is located. Is there any advice you can give?
Flying freeholds in Taunton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Taunton you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Taunton may decide 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 premises.