I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Old Windsor. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 25/2/2021, the requirements read as follows :
Is there a list of Nationwide panel conveyancers in Old Windsor on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings visible over the internet. If you are in need of a Old Windsor lawyer on the Nationwide please use our tool.
I have paid off my mortgage with Virgin Money. I assume I don't need a Old Windsor lawyer on the Virgin Money panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
Nationwide have agreed my home loan in principle, my bid on a house in Old Windsor has been accepted, what are the next steps?
The property agent will want to be informed of your conveyancing practitioner's details (ensure that the property lawyers are on the lender’s panel). Contact Nationwide or the broker and finish off any relevant paperwork. Nationwide will appoint a valuer who will get in touch with the estate agent or owners to arrange an appointment. Once carried out (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Nationwide will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Old Windsor.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when purchasing a property in Old Windsor?
Unless a prior acquisition of the house completed post 12 October 2013 you may take it that lawyers conducting conveyancing in Old Windsor to continue to recommend a chancel search and or insurance against a claim.
My wife and I own a terraced Victorian house in Old Windsor. Conveyancing solicitor acted for me and Nationwide Building Society. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the exact same property. Is it worth asking Nationwide Building Society to clarify?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Old Windsor and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing solicitor who conducted the purchase.
Am I best advised to appoint a Old Windsor conveyancing solicitor who is local to the property I am buying? We have a good friend who can execute the legal work however her office is over three hundred miles drive away.
The primary upside of using a high street Old Windsor conveyancing practice is that you can visit the firm to sign paperwork, hand in your ID and pester them where appropriate. Having local Old Windsor know how is a bonus. However it's more important to get someone that will pull out all the stops for you. If you know people who used your friend and they were content that must surpass using an unknown Old Windsor conveyancing solicitor just because they are based in the area.