We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to instruct their panel solicitor as I would much rather use a Newark on Trent based conveyancing firm?
Do check but the the likelihood is that give you one of their panel conveyancers where you want the "fee-free" incentive. Speak to the bank and explore if they offer you a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Newark on Trent.
We had instructed conveyancers locally in Newark on Trent on the Bank of Ireland solicitor approved list. They have just invoiced me a supplemental charge for handling the Bank of Ireland mortgage. Is this an additional conveyancing fee specified by Bank of Ireland?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your conveyancing practitioner may charge a fee for this. The charge is not set by Bank of Ireland but by your Newark on Trent property lawyer. Numerous firms on the Bank of Ireland panel will levy ’dealing with mortgage’ fee but some firms incorporate it on their overall fee.
I was told four weeks ago that my mortgage has been agreed to by Santander. Is it usual for Santander to only issue the offer once my solicitor in Newark on Trent is approved on their conveyancing panel? Santander have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
After shopping around on the internet I have found a Newark on Trent property lawyer having checked that they are on the Clydesdale conveyancing panel. Does my lawyer arrange the survey of the property?
Clydesdale will need an independent valuation of the property. Your lawyer will not arrange this. Usually Clydesdale will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancing practitioner will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Newark on Trent postcode. As you are getting a mortgage with Clydesdale, you could contact them to see if they have a list of approved surveyors in Newark on Trent.
Are there restrictive covenants that are commonly identified as part of conveyancing in Newark on Trent?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Newark on Trent. 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 Newark on Trent differ for newly converted properties?
Most buyers of new build or newly converted property in Newark on Trent come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is built. This is because house builders in Newark on Trent tend to purchase 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 property lawyers 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 Newark on Trent or who has acted in the same development.
I need to instruct a conveyancing practitioner in Newark on Trent for my purchase. Is it possible to review a firm’s complaints history with the profession’s regulator?
Members of the public can see documented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The regulator could recorded call for training requirements.