I am expecting a mortgage with Santander. My intention is to employ the services of a Licensed Conveyancer in Launceston. Does the Santander Conveyancing panel allow for conveyancers regulated by the CLC?
The Santander conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My wife and I are acquiring a brand new apartment in Launceston and my conveyancer is advising me that she is duty bound to the bank to reveal incentives from the developer. I am on a tight deadline to sign contracts and I have no desire to delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We hope to to buy with Norwich and Peterborough Building Society. We have called around locally but cant to find a Launceston conveyancing firm on the Norwich and Peterborough Building Society approved list. Could you assist?
Feel free to take advantage of the find a lender approved solicitor tool on this web page. Please choose the mortgage company and type Launceston or your preferred area and you will discover numerous solicitors offices in Launceston or near you.
Are there restrictive covenants that are commonly picked up during conveyancing in Launceston?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Launceston. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Launceston differ for newly converted properties?
Most buyers of new build property in Launceston come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is constructed. This is because developers in Launceston typically buy the land, 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 conveyancers 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 used to new build conveyancing in Launceston or who has acted in the same development.