I am not well enough to travel far from Chipstead. What is the rationale as to why all Chipstead conveyancers are not on all bank panels?
Mortgage companies highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The elimination of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its conclusions included recommendations for lending institutions to review their conveyancing panels, which triggered a major policy change in the sector. It led to banks and building societies pruning a number of firms off their books of approved solicitors .
Can I use your services to locate a Conveyancing solicitor in Chipstead even if I’m not purchasing or disposing of a house, for example if I want to acquire an office in Chipstead with a mortgage from Nationwide Building Society?
The service is primarily used to locate domestic conveyancing solicitors in Chipstead but we have recorded towards the bottom of this page a selection of Chipstead commercial conveyancing firms. You will need to make contact with the company directly to check if they can also act for Nationwide Building Society
How does conveyancing in Chipstead differ for new build properties?
Most buyers of new build premises in Chipstead contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is finished. This is because developers in Chipstead tend to buy the land, 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 conveyancers 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 used to new build conveyancing in Chipstead or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Chipstead in advance of instructing conveyancers. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies may not issue a loan on this type of property.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. If you call us we can check via 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 Chipstead. Conveyancing will be smoother if you use a solicitor in Chipstead especially if they regularly deal with such properties in Chipstead.
My parents cant seem to find their Chipstead property on the HMLR site. They have a vague recollection 48 years ago when they bought the property there were complications concerning the post code not being identified on some systems.
The vast majority of premises in Chipstead should appear. Have you limited your search with just the postcode. Normally it will mention all the properties inside the postcode. Where registered it will show up with a title number. Where they bought 48 years ago it's conceivable it may be unrecorded. The property may still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title documentation which could be with your parent’s bank.