We see that you have a search directory listing law firms on the HSBC conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Bacup?
We are a listing service only for law firms wishing to communicate if they are on the HSBC conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bacup.
A relative advised me that in purchasing a property in Bacup there may be a number of restrictions affecting the ability to carry out external alterations to a property. Is this right?
We are aware of anumerous of properties in Bacup which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Bacup should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am purchasing a property in Bacup. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Principality be concerned?
Given that your lender is Principality your lawyer must comply with the conveyancing instructions set out in Part two of UK Finance Lenders’ Handbook for Principality. The Council of Mortgage Lenders’ Handbook sets out minimum requirements for solar panel roof-space leases, and conveyancers are required to report to Principality where a lease does not comply with these conditions. The specifications relate to the installation of panels on properties nationwide and is not isolated to Bacup.
I currently have a mortgage with Coventry BS for my property in Bacup. Conveyancing was finalised months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Coventry BS?
You must advise Coventry BS before renting your property as this is likely to be a breach of Coventry BS’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Coventry BS directly. It should not be necessary to do this via a Coventry BS conveyancing panel firm.
We are downsizing from our property in Bacup and according to the buyers it appears that there is a risk of it being constructed on contaminated land. Any high street Bacup conveyancer would know that there is no such problem. It does beg the question why the buyers used a web based conveyancing practice rather than a conveyancing solicitor in Bacup. Having lived in Bacup for three years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer already. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I have been recommended by a number of property agents in Bacup to select a property lawyer using your seach tool. Is there a financial incentive for Estate Agents to offer your site over alternative conveyancing organisations?
We don’t give any referral fee for pointing buyers and sellers to this site. We found it would be just too difficult a fee as members of the public would 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 need to appoint a conveyancing solicitor for remortgage conveyancing in Bacup. I have chance upon a web site which looks to be the ideal solution If there is a chance to get all formalities done via phone that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?