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Find a North Cave Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in North Cave? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your North Cave home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised North Cave conveyancers for over 130 lenders.


Recently asked questions about conveyancing in North Cave

What does my ID and proof of funds have anything to do with my conveyancing in North Cave? Is this really warranted?

It is indeed that case that these requests have nothing to do with conveyancing in North Cave. Nowadays you will not be able to proceed with any conveyancing process in the absence handing over evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence and a council tax bill. Remember if you are providing your driving licence as evidence of ID it needs to be both the paper section as well as the photo card part, one is not acceptable without the other.

Evidence of the origin of money is required under Money Laundering Regulations. Please do not be offended when when this is requested of you as your lawyer must retain this information on record. Your North Cave conveyancing lawyer will require evidence of proof of funds before they are able to accept any money from you into their client account and they will also ask additional questions regarding the source of monies.

I have a mortgage with UBS for my property in North Cave. Conveyancing was finalised some time ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform UBS?

Your original mortgage agreement with UBS will provide that you need their approval before 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.

It is unclear whether my bank requires a lease extension. I have called my North Cave building society branch on a couple of occasions and was informed it wasn't an issue and they would lend. My North Cave conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they refuse to lend based on their specific requirements. I have no idea who is right.

The property lawyer has to comply with the CML Handbook Part 2 conditions for your 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 lender to contact your lawyer in writing confirming that they will accept the number of years remaining.

TSB have agreed my home loan in principle, my bid on a flat in North Cave has been accepted, what are the next steps?

The estate agent will wish to know who your solicitors are (ensure that the lawyers are on the lender’s approved list). Contact TSB or your broker and complete any relevant paperwork. TSB will sellect a valuer who will get in contact with the estate agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes about a fortnight to get a mortgage offer. TSB will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in North Cave.

It has been four months following my purchase conveyancing in North Cave completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 residence 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.

Due to the input of my in-laws I had a survey completed on a house in North Cave ahead of appointing lawyers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some banks may not issue a mortgage on a flying freehold home.

It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in North Cave. Conveyancing will be smoother if you use a solicitor in North Cave especially if they are accustomed to such properties in North Cave.

What is the difference between surveying and conveyancing in North Cave?

Conveyancing - in North Cave or anywhere in England and Wales - is the legal term given to transferring legal title of property from one person to another. It involves the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re purchasing and will help you discover the condition of the building and, if there are problems, give you leverage for reducing the price down or asking the vendor to fix the problems prior to you move in.

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Find out more about how flying freehold can affect your the value of a property.