My house in Langley is up for sale and I have a purchaser. Will my conveyancing practitioner need to be on the HSBC conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the HSBC conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.
How does conveyancing in Langley differ for newly converted properties?
Most buyers of new build property in Langley approach us having been asked by the builder to sign contracts and commit to the purchase even before the house is built. This is because developers in Langley tend to 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 Langley or who has acted in the same development.
I opted to have a survey completed on a property in Langley ahead of instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some lenders will refuse to issue a mortgage on a flying freehold property.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Langley. Conveyancing will be smoother if you use a solicitor in Langley especially if they are accustomed to such properties in Langley.
I'm remortgaging my current property to a BTL mortgage with The Royal Bank of Scotland and I will use the rest of the raised equity as a down payment on another property. The neighborhood we are looking at is Langley. Will your lawyers be able to act for the two lenders and tie in the two deals?
Make use of our search tool on this page to be sure that the conveyancers are on the appropriate lender panels. On the basis that they are the conveyancer should be able to simultaneously deal with the two transactions but you should have a chat with you solicitor and make clear your desired outcome and requirements.
I am seeking to buy a repression house in Langley and the vendor demand completion within a month. Can a conveyancer complete in this timeframe? Am I best advised to instruct a high street Langley firm or an online organisation that advertises to complete quickly?
Visit your Langley high street. Go in to two or three firms and ask to talk to a conveyancing solicitor for an estimate. Explain your situation and seek a commitment on time frames. Appoint the one that appears most trustworthy. Make sure to choose a lawyer on the list of property lawyers acceptable to your bank.