It has come to my attention via my mortgage adviser that my Hitchin the law firm I have appointed is not on the lender Conveyancing panel. What can I do to be sure that this is correct?
Your first step should be to call your Hitchin conveyancer. It is reasonable to expect your lawyer to notify you what has happened. If they are not on the panel they may recommend you to a Hitchin conveyancing practice that is on the approved list of lawyers for your mortgage company.
We are about to exchange contracts for a garden flat in Hitchin. We have hit a problem. Our mortgage offer with Halifax runs out on 12/6/2024 but the vendors are putting forward a completion date of 14/6/2024. Is it possible to prolong the mortgage offer?
The best person to address this concern is your lawyer who will calculate whether he or she is should be discussing with the bank, vendor’s conveyancers, property agents or indeed all three taking into account what has gone on in your house move as of today.
We are hoping to buy a newly converted flat in Hitchin with a residential mortgage from Barclays .We use our Hitchin conveyancing practitioner but Barclays says his firm is not listed on their "panel". we are left little option but to use a Barclays panel lawyer or retain our preferred solicitor and fork out for a Barclays panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage offered to you contains various provisions, a common one being that conveyancers needs to be on the Barclays conveyancing panel. in the past, most mortgage companies 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 Barclays
four months have elapsed following my purchase conveyancing in Hitchin concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
The solicitors undertaking our conveyancing in Hitchin has forwarded documents to review that state the property is unregistered with epitome documents. Why is the property not yet recorded at HM Land Regsitry?
Over ninety percent of property in Hitchin is registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of Hitchin conveyancing practitioners will be capable of dealing with such matters but if any uncertainty reigns the usual recommendation nowadays is for the seller to register it first and subsequently deal with the disposal - this will predictably cause a protracted transaction.