I am acquiring residence in Felling and Pelaw. My property lawyer is not on the mortgage company conveyancing panel. Can I still retain my Felling and Pelaw conveyancing solicitor notwithstanding that they are excluded from the lender list of approved lawyers?
Various options include
- Proceed with your preferred Felling and Pelaw lawyer but your mortgage company will need to retain a solicitor on their approved panel. The net result is additional cost and potential delay.
- Choose a new conveyancer to act in the purchase, obviously checking they are on the lender conveyancing panel.
- Appeal to your conveyancer to apply to join the lender panel
We are buying a house in Felling and Pelaw. It might be a silly question but how we can trust a solicitor? On completion day we have to put money into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Does a directory service exist listing UBS panel solicitors in Felling and Pelaw on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such facility on the CML or Building Society Association sites. Very few banks make their panel listings open the public online. If you are in need of a Felling and Pelaw solicitor on the UBS please use our facility.
I had an offer accepted on an apartment in Felling and Pelaw on 5/6/2019, valuation was booked 4 days later, received a clean bill of health. Conveyancer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Santander and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Santander conveyancing panel. Are Santander entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
The deeds to my home are lost. The conveyancers who dealt with the conveyancing in Felling and Pelaw 10 years ago are no longer around. Will I be able to sell the house?
As long as you have a registered title the information relating to your proprietorship will be retained by HMLR under a Title Number. It is easy to perform a search at the Land Registry, locate your house and order up to date copies of the property title for less than a fiver. Where the title is Leasehold then the Land Registry will usually retain a file copy of the Registered Lease and again, a copy can be obtained for twenty pounds.
Due to the encouragement of my in-laws I had a survey completed on a property in Felling and Pelaw prior to appointing conveyancers. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies tend refuse to issue a loan on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. If you contact us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Felling and Pelaw. Conveyancing will be smoother if you use a solicitor in Felling and Pelaw especially if they are acquainted with such properties in Felling and Pelaw.
I'm remortgaging my existing property to a buy to let loan with National Westminster Bank and intend to use the remaining equity as a deposit on another property. The location we are talking about is Felling and Pelaw. Will your solicitors be able to act for both sets of lenders and tie in the two deals?
Do use our search tool on this page to ensure that the conveyancers are on the relevant lender panels. Having checked that they are the lawyer should be able to simultaneously deal with the two deals but you should talk with you conveyancer and specify your expectations and needs.