My mortgage broker says he needs my Deepcar law firm’s panel reference for the Nat West conveyancing panel. What is the best way to discover this. I have tried my local Deepcar office but they have not got back to me yet.
The sensible thing to do is ask for this information from your Deepcar solicitor . They should have a central record lender panel numbers.
We see that you have a post code search directory listing solicitors on the Nationwide conveyancing panel. Do companies pay you a referral fee if I instruct them for our own conveyancing in Deepcar?
We are a listing service only for law firms wishing to communicate if they are on the Nationwide conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Deepcar.
I am planning to acquire a property and require a conveyancing solicitor in Deepcar who is on the Birmingham Midshires solicitor. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Birmingham Midshires in certain locations such as Deepcar. We dont recommend any particular firm.
I happen to be the single beneficiary of my late father’s will and I have everything in my name alone, including the my former home in Deepcar. Conveyancing formalities meant that the Land Registry date was in January. I now wish to sell up. I do know about the CML 6 month 'rule', which means that my proprietorship will be regarded the same way as though I had purchased the house in January. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. Most banks would take a pragmatic view as this requirement principally exists to pick up on subsales or the wholesaling and assigning of properties.
Two weeks ago we had a mortgage agreed in principle with RBS. Deepcar conveyancing solicitors were selected. What is the average time that one could expect to receive a mortgage offer from RBS?
There is no definitive answer here. Have RBS done the survey? Have you advised RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
RBS have agreed my mortgage in principle, my offer on a flat in Deepcar has been agreed to, now what?
Your estate agent will want to be advised as to your conveyancer's details (make sure the conveyancers are on the bank’s approved list). Telephone RBS or your broker and finalise any relevant paperwork. RBS will instruct a valuer who will get in contact with the estate agent or owners to arrange a time for the valuation to occur. Once carried out (assuming no problems) it takes about a fortnight to get a mortgage offer. RBS will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Deepcar.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a simple, no chain conveyancing. Deepcar is where the house is located. Is there any advice you can impart?
Flying freeholds in Deepcar are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Deepcar you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Deepcar may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.