I am acquiring residence in Waltham Forest. My Solicitor is not listed on the bank conveyancing panel. Can I still use my Waltham Forest conveyancing solicitor notwithstanding that they are not on the bank list of approved lawyers?
You have a number of choices available to you here
- Complete the deal with your existing Waltham Forest lawyer but your mortgage company will no doubt retain a solicitor on their approved list. The net result is additional cost and probable frustration.
- Get a fresh lawyer to act in the purchase, obviously checking they are on the bank conveyancing panel.
- Convince your property lawyer to do everything possible to get listed on the mortgage company conveyancing panel
We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to instruct their panel lawyer as I would prefer to instruct a specialised conveyancing solicitor in Waltham Forest?
Do check but the the probability is that give you one of their panel conveyancers where you take up the "fee-free" deal. Contact the lender and ask if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Waltham Forest.
Two weeks ago we had a mortgage agreed in principle with Nationwide. Waltham Forest conveyancing lawyers are selected. What is the average time that one could expect to receive a mortgage offer from Nationwide?
Some lenders take longer than others. Have Nationwide done the valuation? Have you informed Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have today made my last payment due on my mortgage with Leeds Building Society. I assume I don't need a Waltham Forest lawyer on the Leeds Building Society panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Waltham Forest building society branch on various occasions and was advised it wasn't a problem and they will lend. My Waltham Forest conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
Provided that the lawyer is on the mortgage company approved list, they must adhere to the CML Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
What does a local search reveal regarding the house my wife and I purchasing in Waltham Forest?
Waltham Forest conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search organisations such as Searchflow The local search is essential in every Waltham Forest conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your property. The search should provide information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
I opted to have a survey completed on a house in Waltham Forest ahead of retaining solicitors. I have been told that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies will refuse to grant a mortgage on such a premises.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. If you e-mail us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Waltham Forest. Conveyancing may be slightly more expensive based on your lender's requirements.
As co-executor for the will of my aunt I am selling a residence in Monmouth but live in Waltham Forest. My lawyer (who is 260 miles from mehas requested that I sign a statutory declaration prior to completion. Can you recommend a conveyancing lawyer in Waltham Forest to attest this legal document for me?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are located in Waltham Forest