My conveyancer has uncovered a a problem with the lease for the apartment we are buying in Sychdyn. The seller’s lawyers have suggested defective title insurance as a solution. We are content with insurance and will cover the costs. Our conveyancer has advised that he must check that the mortgage company is happy with this solution. Are we the client or is the bank?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their provisions 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 lender are the client. These conveyancing instructions have to be complied with.
We wanted to use a conveyancing solicitor in Sychdyn for our house purchase. Our broker has since advised us that our mortgage company The Royal Bank of Scotland won't deal with them. Why is this not regarded as unfair competition?
A mortgage company can require a panel solicitor act for it. Borrowers are expected to meet the charges for this. Do use our database to select a solicitor to conduct conveyancing in Sychdyn on the The Royal Bank of Scotland member panel.
I had a mortgage agreed in principle with Nationwide. Sychdyn conveyancing solicitors are chosen. How long does it take for Nationwide to send the offer to the conveyancing practitioner?
Some lenders take longer than others. Have Nationwide completed the survey? Have you informed Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I've read lots of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Sychdyn solicitor - who is on the Virgin Money conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Sychdyn surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
At last I have had an offer on a maisonette in Sychdyn agreed to, but there is a chain. The sellers have offered on somewhere, but it’s not been accepted yet, and are looking at other flats booked. I have selected a local conveyancing solicitor in Sychdyn. What should be my next step? When should I get the mortgage application with RBS started?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of one thousand pounds, then survey, Sychdyn conveyancing search costs, etc). The first thing to do is ensure that your lawyer is on the RBS approved list. Concerning the subsequent steps this very much dictated by the circumstances of your transaction, desire for this property and on the state of the market. During a rising market some home buyers will apply for a home loan with RBS and arrange for the valuation and only if it comes back ok would they request their conveyancing practitioner to move forward with the conveyancing in Sychdyn.
We are purchasing a house and the solicitor has identified Chancel Repair to which the house may be obligated to contribute to given it’s proximity to the area of such a church. She has mentioned insurance. Is this strictly appropriate for conveyancing in Sychdyn
Unless a prior purchase of the house completed post 12 October 2013 you may take it that lawyers delivering conveyancing in Sychdyn to remain encouraging a chancel search and or chancel repair liability policy.
I need to retain a conveyancing solicitor for my conveyancing in Sychdyn. I have land on a site which seems to have the ideal answer If there is a chance to get all the legals done via email that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?