Much to our surprise we have been advised by our mortgage broker that my Hainault lawyer is not on the mortgage company Conveyancing panel. How can I be sure that this is correct?
You need to contact your Hainault lawyer directly. It is reasonable to expect your lawyer to notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
How does conveyancing in Hainault differ for newly converted properties?
Most buyers of new build property in Hainault contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is built. This is because new home sellers in Hainault usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Hainault or who has acted in the same development.
I decided to have a survey done on a property in Hainault ahead of retaining lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some banks may refuse to issue a mortgage on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hainault. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hainault to see if the conveyancing costs will increase in light of this.
Is it possible to swap firm as I have to choose one who is on the The Mortgage Works conveyancing list. I hired a high street conveyancing solicitor in Hainault round the corner but she is not approved by The Mortgage Works
It would be our pleasure to assist you select a conveyancing solicitor in Hainault on the The Mortgage Works panel. Please note that the property lawyers that we work with do not pay us fee if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Hainault. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Hainault.
I need to retain a conveyancing solicitor for sale conveyancing in Hainault. I happened to chance upon a site which looks to be the ideal solution If there is a chance to get all formalities done via phone that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?