Me and my partner are hoping to purchase a 2 bedroom apartment in Midhurst with a mortgage. We like our Midhurst lawyer, but the lender says he's not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or retain our Midhurst property lawyer and pay for one of their panel lawyers to act for them. We regard this is inequitable; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms 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. A further alternative is for your Midhurst conveyancing lawyer to apply to be on the conveyancing panel.
Can the conveyancing solicitors listed on your site execute attended exchange conveyancing in Midhurst?
We do have a number of conveyancing specialists who can conduct personalised exchanges. Please call us to obtain a fee calculation and details as to dates.
My grandfather passed away six months ago and as sole heir and executor I was left the property in Midhurst. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Lloyds, pay off the mortgage. Is this possible?
Where you intend to refinance then Lloyds will insist on your using a conveyancer on the Lloyds conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Lloyds conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Lloyds mortgage is registered as a charge at the Land Registry.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Midhurst?
Two types of professional can carry out conveyancing in Midhurst namely CLC regulated conveyancers or solicitors. The two can administer the legal services that you need to complete the disposal or acquisition of property. They are both obliged to handle Midhurst conveyancing to the same quality and guidelines so you may be sure that your conveyancing will be professionally carried out and that the requisite steps should be appropriately attended to.
I happen to be the sole recipient of my late mum's will and I have everything in my name alone, including the house in Midhurst. The Midhurst property was put into my name in August. I want to move. I do know about the Mortgage Lenders six month 'rule', meaning my property ownership will be treated the same way as though I had purchased the house in August. Is the property unsalable for six months?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. How practical a view lenders take of it, depend on the lender as this provision principally exists to pick up on the purchase and immediately sell or the wholesaling and assigning of property.
We previously selected solicitors with offices in Midhurst on the Nationwide solicitor approved list. They have just invoiced me a supplemental sum for dealing with the Nationwide mortgage. Is this an additional conveyancing fee specified by Nationwide?
As unfair as it may appear, as long as it’s in their Terms and Conditions or Quote then yes your lawyer is entitled to charge a fee for this. The charge is not set by Nationwide but by your Midhurst lawyer. Some firms on the Nationwide panel will levy ’dealing with mortgage’ fee but many firms include it on their overall fee.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Midhurst is where the house is located. Can you shed any light on this issue?
Flying freeholds in Midhurst are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Midhurst you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Midhurst may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.