I have just been advised by my lender that my Poundbury lawyer is not on the mortgage company Solicitor panel. What can I do to be sure that this is correct?
The best course of action for you to take is to contact your Poundbury conveyancer. It is reasonable to expect your lawyer to inform you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
I am selling my home in Poundbury. Will my lawyer have to be required to be on the HSBC conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the HSBC conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.
I am selling our home in Poundbury and according to the buyers it appears that there is a risk of it being built on contaminated land. A local lawyer would know this is not the case. It does beg the question why the purchasers used an internet conveyancing firm rather than a conveyancing solicitor in Poundbury. We have lived in Poundbury for 5 years we know of no issue. Is it a good idea to contact our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer already. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Due to the advice of my in-laws I had a survey completed on a house in Poundbury ahead of retaining solicitors. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some lenders will not issue a loan on this type of home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Poundbury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Poundbury to see if the conveyancing will be more expensive.
Hoping to buy a property located in Poundbury and I am already nervous. I couldn't find anything specific about Poundbury. Conveyancing will be needed in due course but do you know about the Poundbury area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Poundbury. In the meantime here are some basic statistics that we found