I am in a contract race with another buyer for a property in Ferryhill. What can I do to speed up matters?
First, If the seller is applying time constraints for your conveyancing it is highly recommended that your solicitor is familiar with the area as they will make use of local relationships and insight. It is even conceivable that they may have transacted previousproperties in the same street. Therefore consider using a Ferryhill conveyancing firm. In addition, double check that the conveyancing firm is on the on the approved list for your mortgage company. It is estimated that nearly one in five of Ferryhill conveyancing deals are held up or jeopardised after finding out that a purchaser’s lawyer was not on their mortgage lender’s panel. This can often result in the legal process being delayed by as much as 21 days. It is said that this issue impacts in the region of one hundred thousand home moves annually. Most Ferryhill conveyancing firms can not act for certain lenders so do check as early as possible.
Completed the sale of my flat in Ferryhill last November yet the purchaser is telephoning me to moan that their solicitor needs to hear from mine. What are the post completion sale legalities following completion?
After completion of your house sale your solicitor is duty bound to send the transfer deeds and all additional paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer must also evidence that the home loan has been repaid to the purchasers solicitors. There is unlikely to be post completion procedures specific conveyancing in Ferryhill.
I am about to put a bid on a leasehold property in Ferryhill. The estate agents say that it is normal for flats in Ferryhill to have less than 75 years unexpired on the lease. I am getting a mortgage with Accord Mortgages. Will the property be mortgageable given that the lease has 69 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 6/9/2019 the requirements read as follows :
Completion of my remortgage has taken place for my property in Ferryhill. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I recently had an offer accepted on an apartment in Ferryhill. My financial adviser recommended their conveyancers. I paid an upfront payment of £200. Not long after, the lawyer called me sheepishly admitting that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
After shopping around on the internet I have found a Ferryhill lawyer having checked that they are on the Kent Reliance conveyancing panel. Does my lawyer arrange the survey of the property?
Kent Reliance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Kent Reliance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Ferryhill postcode. As you are getting a mortgage with Kent Reliance, you could contact them to see if they have a list of approved surveyors in Ferryhill.
Is it simple use the search app to select a conveyancing lawyer in Ferryhill on the panel for my bank?
1st choose a bank such as National Westminster Bank, Virgin Money or TSB then specify your preferred area for example Ferryhill. Conveyancing organisations in Ferryhill and beyond will then be shown.