Me and my partner are buying a flat in Esher and Claygate. My lawyer is not on the mortgage company conveyancing panel. Am I still permitted to continue with my Esher and Claygate conveyancing solicitor notwithstanding that they are excluded from the mortgage company list of approved lawyers?
One will need to instruct a lawyer to complete the legal work required if you require a loan to buy your property. The lawyer will conduct all the essential legal checks on the property, ensuring that you’re properly registered as the owner and ensure that all the required mortgage documentation is in place. You could select a Esher and Claygate lawyer of your choice. However, if the conveyancer appointed is not a member of the mortgage company conveyancing panel additional fees will be incurred as separate legal representation will be need by the lender. Lender panel applications can be submitted, so where your lawyer has not previously sought membership they should take the chance to apply.
Why do I have to pay up front when it comes to conveyancing in Esher and Claygate?
If you are buying a property in Esher and Claygate your lawyer will ask you to provide them with funds to cover the the cost of the conveyancing searches. Generally this is called for to cover the fees of the Local Authority Search. If any deposit is as part of the purchase price then this will be asked for shortly in advance of contracts are exchanged. The closing balance that is due should be transferred a couple of days prior to the completion date.
My colleague recommended that if I am buying in Esher and Claygate I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Esher and Claygate conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Esher and Claygate around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Esher and Claygate Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data concerning Esher and Claygate.
I'm converting the mortgage on my current home to a BTL mortgage with Virgin Money and intend to use the remaining equity towards another house. The area we are looking at is Esher and Claygate. Will your lawyers be able to act for both sets of mortgage companies and link together the conveyances?
Make use of our search tool on this site to be sure that the lawyers are approved by both lenders. On the basis that they are the lawyer will be able to tie up the two transactions but you should have a chat with you lawyer and make clear your desired outcome and needs.
My conveyancers in Esher and Claygate have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with the lender. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the bank Conveyancing Panel Terms. It might be worth you contacting the lender directly.