Can you point me to a directory of Yorkshire BS panel conveyancers in Corby on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. Very few lending institutions make their panel listings viewable online. If you are looking for a Corby property lawyer on the Yorkshire BS please make the most of our facility.
I was told two weeks ago that my mortgage has been agreed to by Virgin Money. Is it usual for Virgin Money to only issue the offer once my solicitor in Corby is approved on their conveyancing panel? Virgin Money 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 Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
At last I have had an offer on an apartment in Corby agreed to, but there is a chain. The owners have offered on a flat, however it’s not yet tied up, and are looking at other properties in the pipeline. I have selected a nearby conveyancing solicitor in Corby. What should be my next step? When do I get the mortgage application with Clydesdale started?
It is normal to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx one thousand pounds, then valuation, Corby conveyancing search costs, etc). The first thing to do is ensure that your lawyer is on the Clydesdale conveyancing panel. Regarding the next steps this very much depends on the circumstances of your case, desire for the property and on the state of the market. In a rising market the majority of purchasers would apply for a home loan with Clydesdale and arrange for the valuation and only if it was satisfactory would they pay their conveyancer to press on with searches.
How does conveyancing in Corby differ for newly converted properties?
Most buyers of new build property in Corby approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is completed. This is because new home sellers in Corby typically buy 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 property lawyers 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 Corby 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 Corby prior to appointing lawyers. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some lenders will refuse to issue a loan on this type of premises.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Corby. Conveyancing will be smoother if you use a solicitor in Corby especially if they regularly deal with such properties in Corby.
Taking into account that I will soon part with 450k on a property in Corby I wish to have a conversation with the lawyer regarding theconveyancing in advance of appointing the firm. Can this be arranged?
This is something that we recommend - it is our preference to talk to you we do not take any clients on without you liaising with the lawyer who will be conducting your property ownership legalities in Corby.There is no ‘factory style conveyancing’ - every client is an important individual, not a file reference. The law firms that we put you in touch with believe that the figure you are provided with for your conveyancing in Corby should be the amount on the final invoice that you are charged.
Am I better off to go with a Corby conveyancing solicitor who is local to the property I am purchasing? An old friend can perform the conveyancing however her office is a couple of hundredmiles drive away.
The benefit of a high street Corby conveyancing practice is that you can attend the office to execute documents, deliver your ID and pester them if necessary. They will also have local insight which is a benefit. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and they were content that must outweigh using an unknown Corby conveyancing solicitor solely due to them being round the corner.