We see that you have a post code search directory identifying law firms on the Principality conveyancing panel. Do companies pay you a commission if I retain them for our conveyancing in Maidenhead?
We are a listing service only for law firms wishing to communicate if they are on the Principality conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Maidenhead.
My fiance and I are purchasing a newbuild flat in Maidenhead with a homeloan from Barnsley Building Society.We like our Maidenhead conveyancing practitioner but Barnsley Building Society informed us she’s not on their "panel". We have to appoint a Barnsley Building Society panel firm or keep our preferred solicitor and fork out for a Barnsley Building Society panel lawyer to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage issued to you is subject to its various provisions, one of which will be that solicitors will be on the Barnsley Building Society approved list. in the past, most lenders had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Barnsley Building Society
My father pointed out to me me that in purchasing a property in Maidenhead there may be a number of restrictions preventing external changes to the property. Is this right?
There are anumerous of properties in Maidenhead which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Maidenhead should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We are getting the release of further monies on our mortgage from Leeds Building Society as we intend to carry out renovations to our house in Maidenhead. Are we obliged to appoint a high street Maidenhead solicitor on the Leeds Building Society conveyancing panel to deal with the legals?
Leeds Building Society do not ordinarily appoint a member of their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society conveyancing panel.
It is unclear whether my mortgage offer requires a lease extension. I have called my Maidenhead bank branch on numerous occasions and was told it wasn't a problem and they will lend. My Maidenhead conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
As long as the lawyer is on the mortgage company panel, she or he must follow the Council of Mortgage Lenders’ Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Are there restrictive covenants that are commonly identified as part of conveyancing in Maidenhead?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Maidenhead. 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 Maidenhead differ for newly converted properties?
Most buyers of new build premises in Maidenhead come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is built. This is because builders in Maidenhead tend to acquire 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 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 Maidenhead or who has acted in the same development.