Are all Milton Conveyancing Quality Solicitors on the Santander conveyancing list of approved practices?

It is true that some banks and building societies now utilise CQS as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of conveyancing solicitors.

We previously selected solicitors located in Milton on the Virgin Money solicitor panel. They are now charging me a supplemental fee for handling the Virgin Money mortgage. Is this a supplemental conveyancing fee set by Virgin Money?

Provided it is contained in their Terms and Conditions or estimate then yes your property lawyer may charge a fee for this. This fee is not set by Virgin Money but by your Milton property lawyer. Numerous firms on the Virgin Money panel will levy ’dealing with mortgage’ fee but plenty of practices incorporate it on their overall fee.

I'm in the throws of looking at houses in Milton and I am now considering a potential offer. Is it wise to have my property lawyer on ‘stand by’? I intend to finance via a home loan with HSBC.

It would be wise to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. As you are taking out a mortgage with HSBC, make sure you remember to check that your lawyer is on the HSBC conveyancing panel.

four months have elapsed following my purchase conveyancing in Milton completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. 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 asset 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.

How does conveyancing in Milton differ for newly converted properties?

Most buyers of new build residence in Milton come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because builders in Milton tend to buy the site, 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 accustomed to new build conveyancing in Milton or who has acted in the same development.

I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a quick, no chain conveyancing. Milton is where the house is located. Is there any advice you can give?

Flying freeholds in Milton are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Milton you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Milton may decide 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.

I require the services of a mortgage company panel solicitor in Milton. Can you assist?

Unfortunately it’s not apparent why you need a Milton panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the mortgage company to find out which solicitors in Milton are on their panel . If you do find such a firm in Milton not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site