Will my conveyancing lawyers need to check that the building insurance when buying a house in Mountsorrel. My lender is Virgin

Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 11/5/2024, the requirements read as follows :

Is it correct that all Mountsorrel CQS (Conveyancing Quality Scheme) solicitors are on the Yorkshire BS conveyancing list of approved firms?

A selection of lenders now utilise 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 Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.

We had selected solicitors located in Mountsorrel on the Co-operative solicitor approved list. They are now charging me an additional sum for the legal aspects of the Co-operative mortgage. Is this an additional conveyancing fee specified by Co-operative?

Provided it is contained in their Terms of Engagement or estimate then yes your property lawyer may levy a fee for this. This charge is not set by Co-operative but by your Mountsorrel solicitor. Some firms on the Co-operative panel will charge ’dealing with mortgage’ fee and others do not.

Our sealed bid on a house in Mountsorrel has been accepted, but there is a chain. The sellers have offered on on an apartment, but it’s not yet tied up, and are looking at other apartments in the pipeline. I have selected a nearby conveyancing solicitor in Mountsorrel. What do I do now? At what stage do I apply for the mortgage with Aldermore?

It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (home loan application is in the region of one thousand pounds, then survey, Mountsorrel conveyancing search charges, etc). The first thing to do is ensure that your solicitor is on the Aldermore conveyancing panel. Regarding the subsequent phase this very much dictated by the circumstances of your transaction, motivation for the property and on the state of the market. In a hot market the majority of home buyers would apply for a home loan with Aldermore and pay for the valuation and only if it was satisfactory would they ask their property lawyer to proceed with searches.

Are there restrictive covenants that are commonly picked up during conveyancing in Mountsorrel?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Mountsorrel. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

Should I go with a Mountsorrel conveyancing solicitor in close proximity to the house I am buying? I have an old university friend who can carry out the legal formalities however his firm is located 300miles drive away.

The benefit of a high street Mountsorrel conveyancing firm is that you can visit the firm to sign paperwork, present your identification documents and pester them if necessary. Having local Mountsorrel know how is a plus. However it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and they were content that should surpass using an unfamiliar Mountsorrel conveyancing solicitor solely due to them being Mountsorrel based.

What is the best way of identifying a value for money conveyancing in Mountsorrel?

First ask the people you trust who they would recommend. Option 2 is to search the internet for conveyancing in Mountsorrel. Telephone two or three from the list and request that they email you their conveyancing charges and speak to the lawyer who will conduct your conveyancing before you make your choice. Third is to make use of our search tool to assist you in finding the right lawyers for you based on your unique requirements including location,speed, complexity and who the proposed lender is.Avoid the trap of appointing £99 conveyancing solicitors in Mountsorrel