I had intended to instruct a property lawyer in Wimborne for our house purchase. Our broker informed us that our bank Chelsea Building Society won't deal with them. Why is this not regarded as unduly restrictive?
A decade ago most lenders had an appetite for risk which was higher than today. Almost all Wimborne conveyancing firms would have been on many bank panels. The financial services regulator in 2010 completed a thematic review into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more data from law firms regarding their operations and the individuals who work for them as well as set certain criteria such a completing on a minimum number of transactions. Many Wimborne conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Wimborne is amongst the numerous areas where the solicitors we recommend are on the panel for Chelsea Building Society.
A colleague advised me that if I am purchasing in Wimborne I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard Wimborne conveyancing searches. It is not a small report of more than thirty pages, listing and detailing important information about Wimborne around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Wimborne.
I have todaybecome aware that Wolstenholmes have closed. They conducted my conveyancing in Wimborne for a purchase of a leasehold flat 12 months ago. How can I establish that my home is not still registered in the name of the former proprietor?
The quickest method to see if the property is in your name, 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 Wimborne conveyancing specialists.
Due to the advice of my in-laws I had a survey completed on a property in Wimborne before instructing conveyancers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some banks may not grant a loan on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. Should you wish to telephone us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Wimborne. Conveyancing will be smoother if you use a solicitor in Wimborne especially if they are accustomed to such properties in Wimborne.
I'm remortgaging my current house to a buy to let loan with Bank of Scotland and I will use the rest of the raised equity as a deposit on a second property. The location we are looking at is Wimborne. Will your conveyancers be able to act for the two lenders and tie in the conveyances?
Do use our search tool on this site to check that the lawyers are approved by both lenders. Assuming that they are the lawyer should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you lawyer and make apparent your expectations and requirements.
What is the reason for new build conveyancing in Wimborne being more expensive?
Conveyancing in Wimborne for newly converted or new build premises often involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as further questions and contractual considerations.