I am getting a mortgage offer from Nat West. My intention is to instruct a Licensed Conveyancer in Alderley Edge and Wilmslow. Does the Nat West Solicitor panel allow for conveyancers regulated by the CLC?
The Nat West conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
My wife and I are due to exchange buying a house in Alderley Edge and Wilmslow but as a result of wreckage from some water damage at the property I have was able negotiate compensation from the vendor of £2k in the form of a deduction in the price. I had intended this to be addressed as part of the conveyancing process however Santander will not agree to this. Why were they informed?
The conveyancing practitioner being on a Santander conveyancing panel is obliged to advise Santander of any changes to the purchase price. If you were to refuse your conveyancing practitioner to notify the reduction to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new solicitor for your conveyancing in Alderley Edge and Wilmslow.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Alderley Edge and Wilmslow?
There are many registered licenced Conveyancers in Alderley Edge and Wilmslow and Solicitor firms in Alderley Edge and Wilmslow offering conveyancing We would stress that both are supervised by regulatory bodies with both specialising in the legal work in the home buying process. They may both also handle associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
is it true that all Alderley Edge and Wilmslow solicitor practices on the Virgin Money conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Virgin Money conveyancing panel they would need to be overseen by the SRA. Many mortgage companies do allow licenced conveyancers on their panel in which case such organisation would be regulated by the Council of Licensed Conveyancers.
I was told two weeks ago that my mortgage has been agreed to by Nottingham. Is it usual for Nottingham to only issue the offer once my solicitor in Alderley Edge and Wilmslow is approved on their conveyancing panel? Nottingham have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
As co-executor for the estate of my uncle I am disposing of a house in Cardiff but live in Alderley Edge and Wilmslow. My solicitor (based 200 miles awayhas requested that I sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing practitioner in Alderley Edge and Wilmslow to attest this legal document for me?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are located in Alderley Edge and Wilmslow
Why do Alderley Edge and Wilmslow conveyancing fees are higher for leasehold and freehold properties?
When buying a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control