I am obtaining a offer of a home loan from Halifax. I intend to use a Licensed Conveyancer in Totton. Does the Halifax Conveyancing panel allow for conveyancers regulated by the CLC?
The Halifax conveyancing panel is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My conveyancer has informed me that absentee landlord insurance is needed on my purchase. What is the level of cover for Totton conveyancing?
The appropriate level of absentee landlord indemnity insurance depends on who your lender is. It would differ for example between Yorkshire Building Society and Virgin Money. Conveyancing practitioners as opposed to borrowers take out such policies.
The mortgage over my property is with Lloyds for my property in Totton. Conveyancing was finalised 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Lloyds?
You must advise Lloyds before letting out your property as this is likely to be a breach of Lloyds’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Lloyds directly. You need not do this via a Lloyds conveyancing panel lawyer.
Intending to buy a maisonette in Totton. 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 UBS 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 Totton lawyer is on the UBS conveyancing panel.
I used Stirling Law a few years past for my conveyancing in Totton. Now, I need my files but the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Totton of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I decided to have a survey done on a property in Totton before instructing conveyancers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some lenders will not grant a loan on this type of house.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Totton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Totton to see if the conveyancing costs will increase in light of this.
I need to appoint a conveyancing solicitor for sale conveyancing in Totton. I have land on a web site which seems to have the perfect offering If it is possible to get all formalities done via web that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My lawyer in Totton has informed me that he requires proof of ID documents saying that this forms part of his retainer as a conveyancer on the mortgage company Conveyancing panel. Am I being spun a yarn?
Anti-terror and anti-money-laundering rules require Totton conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the bank also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the lender's UK Finance Lenders’ Handbook requirements