I have a decision in principle. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel conveyancer as I would much rather instruct a Croydon based conveyancing firm?
You should check but the the likelihood is that allocate you one of their panel solicitors where you want the "fee-free" incentive. Call the mortgage company to check if they offer you a cash alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Croydon.
Is there a list of Kent Reliance panel conveyancers in Croydon on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. Very few lending institutions make their panel listings available on the web. Where you are looking for a Croydon conveyancer on the Kent Reliance please use our facility.
We have agreed to purchase a house in Croydon. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Yorkshire BS be concerned?
As you are obtaining a mortgage with Yorkshire BS your lawyer must check the formal requirements outlined in Part 2 of UK Finance Lenders’ Handbook for Yorkshire BS. The CML Handbook sets out minimum provisions for solar panel roof-space leases, and property lawyers are required to report to Yorkshire BS where a lease fails to satisfy these conditions. The specifications relate to the installation of panels on properties countrywide and is not restricted to Croydon.
At last I have had an offer on a maisonette in Croydon accepted, the vendors do however have a tied purchase. The owners have placed an offer on on an apartment, however it’s not yet tied up, and have viewings of other flats in the pipeline. I have instructed a bricks and mortar conveyancing solicitor in Croydon. What should be my next step? When do I get the mortgage application with Yorkshire BS going?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then survey, Croydon conveyancing search costs, etc). First, you should ensure that your lawyer is on the Yorkshire BS conveyancing panel. As to the next steps this very much dictated by the circumstances of your case, desire for this property and on the state of the market. In a buoyant market some home buyers will apply for a home loan with Yorkshire BS and arrange for the valuation and only if it was satisfactory would they request their conveyancer to press on with the conveyancing in Croydon.
How does conveyancing in Croydon differ for new build properties?
Most buyers of new build residence in Croydon approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is completed. This is because developers in Croydon tend to acquire 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 Croydon or who has acted in the same development.
In surfing the internet for the term conveyancing in Croydon it shows results of numerous solicitorsin the area. How do I determine which is the suitable conveyancer for purchase transaction?
The ideal way of choosing a suitable conveyancer is via personal testimonial, so ask colleagues and relatives who have acquired a property in Croydon or a respected estate agent or mortgage broker. Fees for conveyancing in Croydon differ, so it's advisable to secure a minimum of three costs illustrations from different conveyancers. Make sure that you know that the charges are guaranteed not to to be inflated.
Do I have to attend the offices of the mortgage company conveyancing panel solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Croydon so that I can pop in to their offices if required.
As opposed to 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Croydon.