We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Does this mean I have to use their panel lawyer as I would much rather use a Honor Oak based conveyancing firm?
Do check but the chances are that give you one of their panel lawyers if you accept the "fee-free" incentive. Contact the lender to determine if they offer you a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor near Honor Oak.
Two weeks ago we had a mortgage agreed in principle with Nationwide. Honor Oak conveyancing solicitors have been selected. How long does it take for Nationwide to send the offer to the conveyancing practitioner?
Some lenders take longer than others. Have Nationwide done the valuation? Have you advised 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 can not fathom if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Honor Oak bank branch on various occasions and was told they are content with the situation and they would lend. My Honor Oak conveyancing solicitor - who is on the lender conveyancing panel- called and was told they would not lend based on their published requirements. Who do I believe?
As long as the solicitor is on the mortgage company approved list, they must adhere to the CML Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Planning on purchasing a apartment in Honor Oak. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Honor Oak property lawyer is on the TSB conveyancing panel.
The deeds to our house can not be found. The solicitors who dealt with the conveyancing in Honor Oak 10 years ago have long since closed. What do I do?
As long as you have a registered title the information relating to your proprietorship will be held by the Land Registry under a Title Number. It is easy to perform a search at the Land Registry, locate your house and secure up to date copies of the Registered Entries for less than a fiver. If the title is Leasehold then the Land Registry will usually hold a certified copy of the Registered Lease and again, a copy can be ordered for twenty pounds.
I have been recommended by a few estate agents in Honor Oak to get a quote from a property lawyer on your site. Is there a financial inducement for Estate Agents to promote your services ahead of alternative conveyancing organisations?
We don’t give any referral fee for directing people in our direction. We found it would be just too difficult to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
I have been sourcing a conveyancing practitioner in Honor Oak for my house move. Is there any facility to review a solicitor's record with the legal regulator?
You can search for presented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The regulator may recorded call for training reasons.