Much to our surprise we have been informed by our broker that my Portslade property lawyer is not on the bank Solicitor panel. What can I do to be sure whether this is correct?
Your first step should be to call your Portslade lawyer directly. You lawyer should inform you what has happened. Where they are not on the panel they may recommend you to a Portslade conveyancing practice that is on the conveyancing panel for your lender.
My brother and I have just bought a property in Portslade. We have noticed several issues with the property which we suspect were overlooked in the conveyancing searches. What action can we take? What searches should? have been carried out for conveyancing in Portslade?
The query is not clear as what problems have arisen and if they are relate to conveyancing in Portslade. Conveyancing searches and due diligence undertaken as part of the buying process are supposed to help avoid problems. As part of the process, a seller answers a questionnaire referred to as a Seller’s Property Information Form. answers ends up being incorrect, then you may have a claim against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Portslade.
Can you point me to a directory of Yorkshire BS panel conveyancers in Portslade on the Council of Mortgage Lender’s Website?
No. There is no such tool on the CML or Building Society Association sites. A small selection of lending institutions make their panel listings viewable over the internet. Where you are looking for a Portslade property lawyer on the Yorkshire BS please make the most of our tool.
I have today made my last payment due on my mortgage with Nationwide. I assume I don't need a Portslade property lawyer on the Nationwide panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Nationwide mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nationwide mortgage from the register. Nationwide, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nationwide has sent the Land Registry the discharge electronically, and
- Nationwide has instructed the Land Registry to do so
I was told four weeks ago that my mortgage has been agreed to by Coventry BS. Is it usual for Coventry BS to only issue the offer once my solicitor in Portslade is approved on their conveyancing panel? Coventry BS have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer 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 Portslade differ for new build properties?
Most buyers of new build residence in Portslade contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is completed. This is because developers in Portslade tend to purchase 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 accustomed to new build conveyancing in Portslade or who has acted in the same development.
My partner has recommend that I instruct his conveyancers in Portslade. Do I follow his guidance?
No doubt it’s preferable to choose a conveyancing practitioner is to have referrals from friends or family who have actually experience in using the firm that you are contemplating using.