My lawyer has discovered a defect with the lease for the apartment we are purchasing in Calverton. The seller’s lawyers have offered defective title insurance as a solution. We are happy with insurance and will cover the costs. Our solicitor has advised that he must check that the mortgage company is content with this solution. Who is the client here, us or the lender?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the bank are the client. These conveyancing instructions have to be complied with.
Do conveyancers ask for money up-front for conveyancing in Calverton?
Where you are retaining lawyers for conveyancing in Calverton your solicitor will ask you place them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. If any down payment is payable against the total price then this will be asked for immediately prior to contracts are exchanged. Any further balance that is due will be payable a few days ahead of the day of completion.
My Conveyancer in Calverton has never been on on the Nationwide Building Society Approved Panel. Is it possible for me to continue with my family solicitor even though they are not on the Nationwide Building Society panel?
Your options are as follows:
- Carry on with your preferred Calverton solicitors but Nationwide Building Society will need to use a solicitor on their panel. This will inevitably rack up the overall legal charges as well as cause delays.
- Find a new lawyer to act in the conveyancing, not forgetting to check they are Nationwide Building Society approved.
- Try to convince your Nationwide Building Society solicitor to seek to join the Nationwide Building Society panel
I am assisting my aunt sell her property in Calverton. Will the conveyancing solicitor arrange an energy assessment or do I organise this?
After the demise of HIPs, energy assessments was kept a mandatory component of selling a property. An energy performance certificate must be commissioned in advance of the property being marketed. This is not as aspect of the sale process that lawyers ordinarily arrange. If you are instructing a Calverton conveyancing practitioner they may be able to arrange EPC’s due to their relationships with long established Calverton accredited person
Is it the case that all Calverton CQS (Conveyancing Quality Scheme) solicitors are on the Coventry BS conveyancing list of approved practices?
A selection of lenders now use the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of conveyancing solicitors.
Can I be sure that the Calverton conveyancing solicitor on the Santander panel is any good?
When it comes to conveyancing in Calverton obtaining recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer handling your conveyancing.
How does conveyancing in Calverton differ for newly converted properties?
Most buyers of new build premises in Calverton come to us having been asked by the seller to sign contracts and commit to the purchase even before the residence is finished. This is because developers in Calverton usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Calverton or who has acted in the same development.