I am not in a position to travel far from Trimdon. Is there a reason why all Trimdon solicitors are not on all bank panels?
Before the recession most banks displayed an attitude to risk which is different than today. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which in summary warned lenders: know the solicitors on your panel. Accordingly, lenders have since soughtmore information from law firms about their processes and the staff employed by them and set certain criteria such as completing a minimum number of transactions. Many law practices have been removed from lender panels even though they had 100% healthy track record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Many firms were never going to meet the minimum amount of transactions the lenders required.
We are a couple about to exchange contracts for a leasehold flat in Trimdon. We have hit a stumbling block. The loan offer with Santander expires on 29/5/2025 but the sellers are suggesting a completion date of 2/6/2025. Can one extend the mortgage expiry date?
The person best placed to deal with your issue is your solicitors who will calculate if he or she is should be discussing with the lender, seller’s solicitors, selling agents or possibly all three based on the history of your transaction to date.
My bid for a property was accepted at auction in Trimdon. Conveyancing is necessary. What happens now?
Now that you have legally bound yourself to purchase you must find a conveyancing lawyer soon as you are facing a fast approaching a drop dead date to complete the purchase. All auction property will ordinarily have a bespoke legal set of papers. This should include evidence of title and search results. Where you are dealing with leasehold premises the auction pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to leasehold premises. You must hand this to your appointed conveyancing solicitor ASAP. You also need to ensure that you have funds in place to complete on the date specified in the contract.
I am purchasing a property in Trimdon. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender RBS be concerned?
As you are obtaining a mortgage with RBS your lawyer must comply with the conveyancing requirements set out in Section 2 of UK Finance Lenders’ Handbook for RBS. The Council of Mortgage Lenders’ Handbook sets out minimum conditions for solar panel roof-space leases, and conveyancers are required to report to RBS where a lease does not comply with these conditions. The provisions relate to the installation of panels on properties nationwide and is not isolated to Trimdon.
After months of negotiation I have agreed a price on an apartment in Trimdon. My mortgage broker suggested a property lawyer. I paid an upfront payment of £225. Soon after, the solicitor called me embarrassingly acknowledging that they were not on the Nottingham 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 Nottingham 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 have been advised by a number of estate agents in Trimdon to get a quote from a property lawyer using your seach tool. Is there a financial upside for Estate Agents to promote your lawyers over a competitor’s?
We refuse to make any referral fee for pointing buyers and sellers in our direction. We thought it would be too underhand a fee because a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
In scouring the web for the term conveyancing in Trimdon it brings up numerous property lawyerslocally. With so much choice what is the best way to find the suitable solicitor for the sale of my house?
The best method of seeking a suitable conveyancer is via trusted referral, so ask friends and family who have purchased a property in Trimdon or a respected estate agent or mortgage broker. Costs for conveyancing in Trimdon differ, so it's a good idea to secure at least four fee calculations from different companies. Be sure to secure confirmation what costs in the quote includes.
I have been informed by numerous friends to expect six to eight weeks for Trimdon conveyancing to complete.This was a month ago. The paperwork was only forwarded to my conveyancer yesterday so now does it countdown?
No definitive time frame exists for conveyancing in Trimdon. Conveyancing is subject to many variable. Trimdon conveyancing searches alone could take some weeks before they are received.