Can I be sure that the Colindale conveyancing solicitor on the Bank of Ireland panel is any good?
When it comes to conveyancing in Colindale obtaining recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the lawyer handling your transaction.
Two weeks ago we had a mortgage agreed in principle with Clydesdale. Colindale conveyancing solicitors were chosen. How long does it take for Clydesdale to issue the offer to the property lawyer?
There is no definitive answer here. Have Clydesdale completed the survey? Have you informed Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We have agreed to purchase a house in Colindale. One unusual aspect is that the roof has a solar panel. RBS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with RBS your lawyer must follow the conveyancing instructions set out in Section two of UK Finance Lenders’ Handbook for RBS. The Council of Mortgage Lenders’ Handbook includes minimum conditions for solar panel roof-space leases, and lawyers are required to report to RBS where a lease fails to satisfy these provisions. The provisions relate to the installation of panels on properties nationwide and is not limited to Colindale.
I appreciate that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when buying a property in Colindale? or I am told that there is historic law that could mean that house owners residing in a parish church boundary will be compelled to pay for repairs towards the chancel in proximity to the church. Is this appropriate for conveyancing in Colindale?
Unless a previous purchase of the house completed after 12 October 2013 you could take it that lawyers carrying out conveyancing in Colindale to remain recommending a chancel search and or insurance against a claim.
How does conveyancing in Colindale differ for newly converted properties?
Most buyers of new build premises in Colindale contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is finished. This is because house builders in Colindale typically purchase the site, 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 Colindale or who has acted in the same development.
I'm converting the mortgage on my current property to a BTL loan with Nationwide Building Society and I will use the ballance of the raised equity towards further house. The neighborhood we are interested in is Colindale. Will your lawyers be able to act for both sets of mortgage companies and link together the transactions?
Do use our comparison tool on this page to ensure that the lawyers are approved by both banks. On the basis that they are your conveyancer should be able to tie up the two deals but you should have a chat with you conveyancer and communicate your desired outcome and needs.
Our solicitor in Colindale has discovered a defect with the lease for the apartment we are purchasing in Colindale. The other side have offered title insurance as a solution. We are content with insurance and will pay for it. Our solicitor has advised that as he is on the bank conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is the mortgage company?
Just because you have a mortgage offer from the mortgage company does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Colindale conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the bank are the client. These conveyancing instructions have to be complied with by the lender conveyancing panel who has to balance acting for you and the lender