I am getting a offer of a home loan from Lloyds. I hope to instruct a Licensed Conveyancer in Barnes. Does the Lloyds Conveyancing panel allow for Licensed Conveyancers?
The Lloyds conveyancing panel is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Completed the sale of my flat in Barnes last May yet the purchaser is e-mailing daily to say his conveyancer needs to hear from mine. What should have happened following completion?
Post completion of your house sale your conveyancer is obliged to deliver the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. Depending on the transaction, your lawyer should also evidence that the mortgage has been redeemed to the buyers lawyers. There is unlikely to be post completion requirements unique to conveyancing in Barnes.
We are purchasing a property in Barnes. I might seem paranoid but how we can trust a conveyancer? On completion day we have to put funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
When it comes to mortgage companies such as Barclays, do Barnes solicitors face an annual charge to be on the list of approved solicitors?
We are not aware of any bank fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
TSB have agreed my home loan in principle, my bid on a flat in Barnes has been agreed to, what happens next?
The estate agent will need to be advised as to your conveyancer's details (make sure the conveyancers are on the bank’s panel). Call up TSB or your financial adviser and finalise any appropriate forms. TSB will appoint a valuer who will get in touch with the selling agent or seller to schedule an appointment. Once conducted (assuming no problems) it takes on average a week to get a mortgage offer. TSB will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Barnes.
Due to the input of my in-laws I had a survey completed on a house in Barnes prior to appointing lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some lenders will not issue a mortgage on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Barnes. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Barnes to see if the conveyancing costs will increase in light of this.
How much experience do your Barnes conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Barnes conveyancing lawyers help thousands of people move home every year and assisted lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Barnes conveyancers have worked on recent similar matters.