My wife and I are hoping to purchase a 2 bedroom flat in Woburn Sands with a mortgage. We would like to retain our Woburn Sands conveyancer, however the bank says he's not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or retain our Woburn Sands property lawyer and pay for one of their panel lawyers to represent them. We regard this is inequitable; are we not able to insist that the bank use our Woburn Sands conveyancing practitioner ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Woburn Sands conveyancing lawyer to apply to be on the conveyancing panel.
IfI was to purchase a straightforward homein Woburn Sands for cash and dispense with a survey and no local authority searches how much should I expect to have to pay for conveyancing in Woburn Sands?
Any savings you would make will be limited to the Woburn Sands conveyancing searches. Your solicitor is obliged to do the vast majority of work - money laundering, communicating with the vendors property lawyer, SDLT submission, register the ownership etc. You might save a bit for them not needing to register a mortgage but it won't be a lot.
What is the difference between a licensed conveyancer and conveyancing solicitor in Woburn Sands
Two types of professional can do conveyancing in Woburn Sands namely CLC regulated conveyancers or solicitors. Both professionals handle conveyancing services that you need to complete the disposal or purchase of property. Both are obliged to carry out Woburn Sands conveyancing on similar quality and guidelines so you may be safe in the knowledge that your conveyancing will be properly carried out and that all requisite procedures will be accurately adhered to.
Forgive me if this question is silly but I am new to the home buying as a first time buyer of a garden flat in Woburn Sands. Do I collect the keys to the premises on completion from my conveyancer? If this is the case, I will appoint a local conveyancing solicitor in Woburn Sands?
On the day of completion you do not need to attend the conveyancers office in Woburn Sands. Conveyancing lawyers for you will arrange to send the purchase money to the owner’s lawyers, and shortly after the monies have arrived, you should be able to collect the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.
I had a mortgage agreed in principle with Aldermore. Woburn Sands conveyancing lawyers are instructed. How long does it take for Aldermore to send the offer to the conveyancer?
Some lenders take longer than others. Have Aldermore completed the survey? Have you informed Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I decided to have a survey done on a house in Woburn Sands in advance of retaining conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies may not give a mortgage on this type of house.
It varies from the lender to lender. HSBC has different instructions from Nationwide. Should you wish to telephone us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Woburn Sands. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Woburn Sands to see if the conveyancing will be more expensive.
I'm converting the mortgage on my primary home to a BTL mortgage with Chelsea Building Society and intend to use the remaining equity towards another property. The area we are looking at is Woburn Sands. Will your solicitors be able to act for the two lenders and tie in the two deals?
Make use of our comparison tool on this page to check that the solicitors are on the appropriate lender panels. Having checked that they are your conveyancer should be able to tie up the two conveyancing matters but you should have a chat with you solicitor and specify your expectations and needs.
I acquired a house in Woburn Sands last 29/5/2024 and to date it is still not recorded with the Land Registry. It was part of a new estate and my property lawyer told me that it may take 12 months to register. I have called HM Land Registry directly and they say that the original application was cancelled due to questions not being addressed in time. Should I be concerned?
It is your lawyer that you really need to contact in order to satisfy any issues which have been raised as part of the registration formalities for your Woburn Sands property. Normal Woburn Sands conveyancing practice includes an undertaking on the part of the previous owner’s conveyancing practitioner that they will help resolve any question raised by HMLR so it may be a case of taking action to enforce that undertaking in some way.