I am obtaining a mortgage offer from Santander. I intend to use a Licensed Conveyancer in Crick. Does the Santander Conveyancing panel allow for conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Do I have to pop into the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Crick so that I can attend their offices if necessary.
As opposed to 12 years ago, most banks no longer oblige their conveyancing panel lawyer to witness the borrowers signature. You will still be obliged to supply identification documents and there are still manifest advantages to using a locally based practitioner, in your case a conveyancing solicitor in Crick.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Crick?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Crick. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Crick differ for newly converted properties?
Most buyers of new build or newly converted property in Crick contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is built. This is because developers in Crick typically purchase 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 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 Crick or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Crick ahead of retaining solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some banks may refuse to issue a mortgage on this type of home.
It depends who your proposed lender is. Santander has different instructions from Halifax. If you e-mail us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Crick. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Crick to see if the conveyancing will be more expensive.