I am selling my apartment in Manningtree. Does the lawyer have to be on the Virgin Money conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Virgin Money conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.
A friend informed me that in buying a property in Manningtree there could be a number of restrictions limiting what one can do in terms of external changes to the property. Is this right?
There are a number of properties in Manningtree which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Manningtree should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
How can we tell if a Manningtree conveyancing solicitor on the Barclays panel is any good?
When it comes to conveyancing in Manningtree seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor conducting your conveyancing.
I currently have a mortgage with UBS for my property in Manningtree. Conveyancing has been completed months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform UBS?
You must advise UBS in advance of renting your property as this is likely to be a breach of UBS’s mortgage conditions. It may be that UBS will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact UBS directly. It should not be necessary to do this via a UBS conveyancing panel lawyer.
My partner and I are downsizing from our house in Manningtree and according to the buyers it appears that there is a possibility that the property was built 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 buyers are using a factory type conveyancing practice rather than a conveyancing solicitor in Manningtree. Having lived in Manningtree for 5 years we know that this is a non issue. Do we get in touch with our local Authority to get confirmation 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 must 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 life insurance to cover that same sickness)
How does conveyancing in Manningtree differ for new build properties?
Most buyers of new build residence in Manningtree come to us having been asked by the seller to sign contracts and commit to the purchase even before the residence is built. This is because new home sellers in Manningtree tend to 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 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 Manningtree or who has acted in the same development.
I have appointed a Manningtree conveyancing solicitor for our home move (novice purchasers) and have spotted in the terms and conditions that they are not covered by the FCA. Am I right to be concerned or is that usually the case with conveyancer?
We can't see why they should be. Most conveyancer don't lend money. You should check that they are governed by the Solicitors Regulation Authority, who have stringent obligations in place on monies sitting on client account.