I plan on buying a ground floor flat in Radcliffe on Trent. My Solicitor has never been on on the mortgage company solicitor panel. Am I still permitted to appoint my Radcliffe on Trent conveyancing solicitor notwithstanding that they are excluded from the mortgage company panel?
You must have a lawyer to complete the legal work required when you need a mortgage to purchase your home. They will carry out all the necessary investigations on the property, make sure that you’re registered as proprietor and ensure that all the necessary mortgage documentation is in place. One could select a Radcliffe on Trent conveyancing practitioner of your choice. Nevertheless, if the property lawyer selected is not on the mortgage company solicitor panel supplemental charges will arise as separate legal representation will be need by the lender. Bank panel applications can be submitted, so where your solicitor has not in the past applied for membership they should take the opportunity to apply.
Are the BSA planning on creating a search tool with a view to list practices on the Norwich and Peterborough Building Society conveyancing panel for example in Radcliffe on Trent?
Lexsure has not been advised of any plans on the part of the BSA to promote such a register.
I'm the only beneficiary of my late father’s will and I have everything in my name now, including the house in Radcliffe on Trent. The Radcliffe on Trent property was put into my name in March. I want to move. I understand that there is a CML six month 'rule', meaning my property ownership will be treated the same way as though I had purchased the property in March. Will no one buy the property for half a year?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be caught by that. How sensible a view banks take of it, depend on the mortgage company as this obligation primarily exists to identify subsales or the flipping of properties.
Is there a list of Virgin Money panel solicitors in Radcliffe on Trent on the Building Society Association’s Website?
No. There is no such directory service on the CML or Building Society Association sites. Very few mortgage companies make their panel listings viewable on the web. If you are seeking to appoint a Radcliffe on Trent solicitor on the Virgin Money please use our facility.
I am due to exchange contracts on my flat. I had a double glazing fitted in August 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Coventry BS are being difficult. The Radcliffe on Trent solicitor who is on the Coventry BS conveyancing panel is saying indemnity insurance will be fine but Coventry BS are insisting on a building regulation certificate. Why do Coventry BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Coventry BS have referred the matter to their valuer. The reason why Coventry BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Over the last few months I have been searching for a flat up to £305k and identified one close by in Radcliffe on Trent I like with a park and station nearby, the downside is that it only has 51 years unexpired on the lease. There is not much else in Radcliffe on Trent suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the shortness of the lease may be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
Given that I will soon part with hundreds of thousands of pounds on a garden flat in Radcliffe on Trent I wish to talk to a conveyancer regarding theconveyancing prior to appointing the firm. Is this something that you can arrange?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you liaising with the solicitor who will be carrying out your property ownership legalities in Radcliffe on Trent.There is no ‘factory style conveyancing’ - every client is unique individual, not a file number. The practices that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Radcliffe on Trent should be the amount on the final invoice that you are charged.