Unfortunately I am unable to travel far from Prudhoe. What is the rationale as to why all Prudhoe solicitors aren't automatically on all mortgage company panels?
Even though it may seem unfair for mortgage companies to limit who can act for them, from the public’s or conveyancer’s perspective, the flip side is that lending institutions are increasingly anxious and consider it imperative to protect them against mortgage fraud. As a consequence of this concern banks are limiting their panel of approved conveyancing lawyers to a size that they are happy to control.
What is the best way to investigate if the solicitor carrying out my conveyancing in Prudhoe is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Yorkshire Building Society thus paying £187.00 plus VAT in further legal costs.
Please do make the most of the find a conveyancing panel solicitor tool on this site. Pick the lender and type ‘Prudhoe’ or your preferred area and you will see numerous solicitors located in Prudhoe or near you.
When it comes to lenders such as Lloyds, do Prudhoe conveyancers face an annual charge to be on the list of approved solicitors?
We are not aware of any bank fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
I have paid off my mortgage with UBS. I assume I don't need a Prudhoe conveyancing practitioner on the UBS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your UBS 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 UBS mortgage from the register. UBS, 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 UBS has sent the Land Registry the discharge electronically, and
- UBS has instructed the Land Registry to do so
Skipton have agreed my home loan in principle, my offer on a apartment in Prudhoe has been agreed to, what are the next steps?
The estate agent will wish to know who your solicitors are (ensure that the lawyers are on the bank’s panel). Call up Skipton or the broker and finalise any outstanding documentation. Skipton will appoint a valuer who will get in touch with the selling agent or owners to schedule a slot for the valuation to happen. Once carried out (assuming no problems) it takes about a week to get a mortgage offer. Skipton will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Prudhoe.
What tools are available to identify a Prudhoe solicitor on the Chelsea Building Society conveyancing panel? I have a car and am willing to travel upto 20kilometers to meet the lawyer.
You can use the facility on this website. Please pick a lender and your location and you will see a number of Prudhoe conveyancing lawyers located nearest you. We have detailed some Prudhoe conveyancing firms towards the end of this page and you can contact them to check whether they are on the Chelsea Building Society approved list
I’m about to sell my 2 bed flat in Prudhoe.Conveyancing has not commenced however I have just received a yearly service charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should discharge the maintenance contribution as normal given that all rents and maintenance charges should be apportionedon completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process