I have just started taking steps with the intention of swapping over from my domestic mortgage to a Buy to Let Nottingham Building Society mortgage. I have been informed by my broker that I need a conveyancer for this. I had a chat the same Coalville conveyancing firm who dealt with the legals when I first acquired the property. The costs estimate e-mailed to me of just over five hundred pounds is surprising as its a refinance than a sale or purchase.

The estimate fees are a tad high. If you are content to spend time scrutinising charges you may be able to reduce the fees slightly by say £100 plus VAT. On the other hand, providing that you were satisfied with the assistance the firm provided you mightlive to rue opting for an a cheaper solicitor. Don't forget to ensure that the firm can also act for Nottingham Building Society. Do utilise our search tool to locate a Coalville conveyancing firm on the Nottingham Building Society approved list of lawyers, which can often include conveyancing solicitors in Coalville.

Is it the case that all Coalville CQS (Conveyancing Quality Scheme) solicitors are on the Nottingham conveyancing panel?

Some major lenders now make use of the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.

Is there a list of Nationwide panel conveyancers in Coalville on the Council of Mortgage Lender’s Website?

Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few lending institutions make their panel listings available over the internet. If you are in need of a Coalville conveyancer on the Nationwide please make the most of our facility.

I had an offer accepted on a property in Coalville on 13/3/2024, valuation was booked 2 days later, all came back fine. Solicitor retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Coventry BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Coventry BS conveyancing panel. Can the lender hold off the offer?

A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Coventry BS to deal with your lawyer's application to be on the Coventry BS conveyancing panel. There's no guarantee that your solicitor will be accepted.

How does conveyancing in Coalville differ for new build properties?

Most buyers of new build or newly converted property in Coalville approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is built. This is because house builders in Coalville tend to purchase the land, 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 accustomed to new build conveyancing in Coalville or who has acted in the same development.

Due to the guidance of my in-laws I had a survey completed on a house in Coalville prior to instructing solicitors. I have been told that there is a flying freehold aspect to the property. The surveyor advised that some lenders will not issue a mortgage on a flying freehold home.

It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you call us we can look into this 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 Coalville. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Coalville to see if the conveyancing costs will increase in light of this.

I have instructed a Coalville conveyancing solicitor for our house purchase (FTB’s) and have spotted in the Ts and Cs that they are not covered by the FCA. Need I be worried or is that the norm with lawyer?

We can't see why they should be. Most property lawyer don't lend money. They will be regulated by the SRA, who have specific stipulations in place on monies held on client account.