My financial adviser requires my Leeds law firm’s panel reference for the Lloyds conveyancing panel. What is the best way to find this out. I have e-mailed my local Leeds office but they don't know it.
The sensible thing to do is ask for this information from your Leeds lawyer . They retain a central record lender panel numbers.
I happen to be the only recipient of my late grandmother’s will with all property in now in my sole name, including the house in Leeds. The Leeds property was put into my name in October. I now wish to sell up. I understand that there is a CML 6 month 'rule', which means that my proprietorship may be considered the same way as though I had purchased the house in October. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be affected by that. Most lenders would take a pragmatic view as this clause is primarily there to pick up on the purchase and immediately sell or the quick reselling of properties.
We are getting the release of further funds on our mortgage from HSBC as we want to carry out renovations to our house in Leeds. Do we need to select a local Leeds solicitor on the HSBC conveyancing panel to deal with the paperwork?
HSBC do not ordinarily require firms on their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the HSBC panel.
I had an offer accepted on an apartment in Leeds on 14/10/2022, valuation was booked 3 days after, received a clean bill of health. Conveyancer retained, so all that was missing was my mortgage offer. Having made daily calls to Santander and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Santander conveyancing panel. Are Santander entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
How does conveyancing in Leeds differ for newly converted properties?
Most buyers of new build residence in Leeds approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Leeds typically purchase the real estate, 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 used to new build conveyancing in Leeds or who has acted in the same development.
What does commercial conveyancing in Leeds cover?
Leeds conveyancing for business premises incorporates a wide range of guidance, provided by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
We are thinking of using a web based lawyer ahead of a Leeds conveyancing practice. Am I making a mistake?
Advantages do exist in having the opportunity to pop in to a local Leeds conveyancing solicitor for example
- signing documents same day
- sometimes being able to see someone face-to-face can make a significant difference, particularly for more complex transactions
- the ability to complain if matters go pear-shaped
When checking quotes, look carefully for hidden extras. Most decent Leeds high street solicitors give an all-inclusive figure. Often online companies appear to offer discounted fees, yet have hidden 'extras' in the in the terms and conditions.