I was advised recently by my mortgage adviser that my Portland property lawyer is not on the lender Conveyancing panel. What can I do to check?
Your first step should be to contact your Portland conveyancer. It is reasonable to expect your lawyer to notify you what has happened. Where they are not on the panel they may be able to suggest a Portland conveyancing practice that is on the approved list of lawyers for your mortgage company.
I happen to be the single recipient of my late mum's estate with all property in now in my sole name, including the house in Portland. The Portland property was put into my name in December. I plan to dispose of the property. I do know about the CML 6 month 'rule', meaning my proprietorship will be treated the same way as though I had purchased the house in December. Will no one buy the property for half a year?
The CML handbook instructs solicitors 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. Some mortgage companies would take a pragmatic view as this obligation chiefly exists to pick up on the purchase and immediately sell or the flipping of properties.
Does a directory service exist listing Barclays panel conveyancers in Portland on the Building Society Association’s Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association websites. Very few banks make their panel listings open the public over the internet. If you are in need of a Portland conveyancer on the Barclays please make the most of our tool.
I had an offer accepted on an apartment in Portland on 16/12/2022, valuation was booked 4 days later, all came back fine. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to Lloyds and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Lloyds conveyancing panel. Are Lloyds entitled to hold back the Mortgage pending the lawyer being on the approved list?
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 Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
A friend recommended that where I am purchasing in Portland I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Portland conveyancing searches. It is not a small report of more than thirty pages, listing and detailing significant information about Portland around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Portland Education with maps and statistics, Local Amenities and other useful data about Portland.
I have recentlyfound out that Wolstenholmes have been shut down. They conducted my conveyancing in Portland for a purchase of a leasehold apartment 18 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The quickest method to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Portland conveyancing specialists.
I'm refinancing my existing house to a BTL mortgage with Coventry Building Society and I will use the rest of the raised equity towards another house. The neighborhood we are looking at is Portland. Will your solicitors be able to act for both sets of mortgage companies and link together the conveyances?
Make use of our search tool on this site to check that the solicitors are on the appropriate lender panels. On the basis that they are the lawyer should be able to tie up the two conveyancing matters but you should talk with you conveyancer and specify your desired outcome and requirements.