I have given 8 weeks notice to my current landlord and must be out of my rented flat in Fenny Stratford by the end of next month. Conveyancing for my house purchase is progressing. Is it possible to complete in three weeks as I wish to avoid having to find short term accommodation?
It is unwise to provide notice for your letting unless you have exchanged. Assuming that you have not already done so, notify to your lawyer and ask them to they chase the sellers solicitors, try to an agreed time frame that everyone will work to achieve
My fiance and I are purchasing a purpose built flat in Fenny Stratford with a loan from Skipton Building Society.We like our Fenny Stratford conveyancing practitioner but Skipton Building Society advised that he's not on their "panel". we are left little option but to use a Skipton Building Society panel firm or keep our preferred solicitor and pay for a Skipton Building Society panel lawyer to act for them. This seems very unfair; is there anything we can do?
Unfortunately,no. The loan issued to you contains various provisions, one of which will be that lawyers must be on the Skipton Building Society approved list. Until recently, most banks had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Skipton Building Society
Is it correct that all Fenny Stratford CQS (Conveyancing Quality Scheme) solicitors are on the Nottingham conveyancing list of approved firms?
A selection of lenders now use CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
When it comes to lenders such as Coventry BS, do Fenny Stratford lawyers incur a yearly amount to be on the conveyancing panel?
We are not aware of any lender fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
My fiancee and I are at the point of viewing houses in Fenny Stratford and I am now considering a potential offer. Should I already have a solicitor appointed at this point? I will be getting a mortgage with Barclays.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. Given that you are getting a mortgage with Barclays, ask your prospective lawyers if they are on the Barclays conveyancing panel otherwise they can't do the mortgage legal work.
Various online forums that I have come across warn that are the number one cause of stalling in Fenny Stratford house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays in the conveyancing process. Searches are unlikely to feature in any holding up conveyancing in Fenny Stratford.
The deeds to our home are lost. The solicitors who handled the conveyancing in Fenny Stratford 4 years ago no longer exist. What are my next steps?
As long as you have a registered title the details of your proprietorship will be retained by HMLR with a Title Number. It is easy to perform a search at the Land Registry, identify your property and order up to date copies of the Registered Entries for a small fee. Where the property is Leasehold then the Land Registry will also normally retain a file copy of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.