Do lenders provide you with an approved list of Longhope conveyancing solicitors? How do you know who is on the Principality conveyancing panel?
Longhope conveyancing firms themselves provide us confirmation that they are on the Principality conveyancing panel as opposed to being supplied with a list from Principality directly.
I am the only recipient of my late mum's will and I have everything in my name now, including the my former home in Longhope. The Longhope property was put into my name in October. I want to move. I do know about the Mortgage Lenders 6 month 'rule', meaning my proprietorship may be treated the same way as if I'd bought the house in October. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Some lenders would take a sensible view as this requirement primarily exists to identify the purchase and immediately sell or the wholesaling and assigning of properties.
Last month we had a mortgage agreed in principle with HSBC. Longhope conveyancing practitioners have been selected. What is the average time that one could expect to receive a mortgage offer from HSBC?
Some lenders take longer than others. Have HSBC done the survey? Have you informed HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Nottingham have agreed my mortgage in principle, my bid on a flat in Longhope has been accepted, what are the next steps?
Your estate agent will want to be advised as to your conveyancer's details (ensure that the lawyers are on the bank’s approved list). Telephone Nottingham or the broker and complete any appropriate documentation. Nottingham will appoint a valuer who will get in touch with the estate agent or vendor to schedule a time for the valuation to happen. Once conducted (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Nottingham will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Longhope.
We are close to exchanging contracts on the sale of our property in Longhope and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. A local lawyer would know this is not the case. For the life of me I don't know why the purchasers used an internet conveyancing practice rather than a conveyancing solicitor in Longhope. We have lived in Longhope for 4 years we know that this is a non issue. Should we get in touch with our local Authority to obtain clarification that there is no issue.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
five months have elapsed since my purchase conveyancing in Longhope completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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 residence 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.
I decided to have a survey carried out on a property in Longhope ahead of appointing solicitors. I have been told that there is a flying freehold element to the house. Our surveyor advised that some banks tend not grant a loan on this type of property.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. If you call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Longhope. Conveyancing will be smoother if you use a solicitor in Longhope especially if they are acquainted with such properties in Longhope.