AssumingI was to buy a freehold homein Lightwater mortgage fee and dispense with a survey and no local authority searches how much could I expect to to save on my conveyancing in Lightwater?
The sole saving you would make on is the costs for searches. The lawyer still be obliged to do everything else - money laundering, liaising with the sellers conveyancer, stamp duty return, register the property etc. A marginal saving might be made by not having to register a charge but it won't be significant.
Is it the case that all Lightwater solicitor firms on the TSB conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the TSB approved list of solicitors they would need to be overseen by the SRA. Some lenders do permit licenced conveyancers on their panel and in such a situation the practice would be overseen by the Council of Licensed Conveyancers.
I have today made my last payment due on my mortgage with Barclays. I assume I don't need a Lightwater property lawyer on the Barclays panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
I have finally had an offer on a maisonette in Lightwater agreed to, the sellers do however have an associated purchase. The vendors have put an offer on a property, however it’s not been accepted yet, and are looking at other properties booked. I have instructed a nearby conveyancing solicitor in Lightwater. What do I do now? At what stage should I apply for the mortgage with TSB?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then survey, Lightwater conveyancing search charges, etc). First, you should ensure that your conveyancing practitioner is on the TSB approved list. As to the next phase this very much dictated by the circumstances of your case, motivation for the property and on the state of the market. During a hot market the majority of purchasers would apply for the mortgage with TSB and pay for the valuation and only if it comes back ok would they ask their lawyer to press on with searches.
I am purchasing a property and the solicitor has mentioned Chancel Repair for which the house may be liable given it’s proximity to the area of such a church. He has suggested insurance. Is this really required for conveyancing in Lightwater
Unless a prior purchase of the house completed after 12 October 2013 you could expect conveyancing practitioners delivering conveyancing in Lightwater to continue to propose a a chancel search and or insurance against a claim.
Due to the input of my in-laws I had a survey completed on a property in Lightwater before appointing solicitors. I have been advised that there is a flying freehold aspect to the house. My surveyor has said that some mortgage companies tend refuse to grant a mortgage on such a house.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. If you contact us we can check with 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 Lightwater. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Lightwater to see if the conveyancing will be more expensive.
How do I use your search app to choose a conveyancing solicitor in Lightwater on the approved list for my lender?
1st choose a bank such as Lloyds TSB Bank, Coventry Building Society or Godiva Mortgages Ltd then specify your location for instance Lightwater. Conveyancing organisations in Lightwater and further afield will then be identified.