I am not in a position to travel far from Ravenshead. I would like to know the logic why all Ravenshead property lawyers are not on all lender panels?
As unjust as it may seem for banks to limit who can represent them, from the public’s or conveyancer’s perspective, the flip side is that lenders are increasingly anxious and consider it vital to shield themselves from mortgage fraud. As a consequence of this concern mortgage companies are limiting their conveyancing panel to a size that they are happy to control.
We note that you have a post code search directory listing solicitors on the Skipton conveyancing panel. Do companies pay you a referral fee if I appoint them for our own conveyancing in Ravenshead?
We are a listing service only for law firms wishing to communicate if they are on the Skipton conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Ravenshead.
My wife and I are in the throws of looking at flats in Ravenshead and I am now considering a potential offer. Is it sensible to have a property lawyer on ‘stand by’? I intend to finance via a mortgage with Virgin Money.
It would be wise to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. As you are getting a mortgage with Virgin Money, ask your prospective lawyers if they are on the Virgin Money conveyancing panel otherwise they can't do the mortgage legal work.
Planning on purchasing a apartment in Ravenshead. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Ravenshead lawyer is on the TSB conveyancing panel.
Yorkshire BS have agreed my mortgage in principle, my offer on a flat in Ravenshead has been accepted, what happens next?
The property agent will need to be informed of your lawyer's details (ensure that the conveyancing practitioners are on the bank’s approved list). Call up Yorkshire BS or your broker and finalise any outstanding paperwork. Yorkshire BS will instruct a valuer who will get in touch with the selling agent or owners to arrange a time for the valuation to occur. Once conducted (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Yorkshire BS will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Ravenshead.
I have justfound out that Arc property Solicitors have closed. They conducted my conveyancing in Ravenshead for a purchase of a leasehold apartment 18 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The easiest method to check if the premises is registered to you, 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 Ravenshead conveyancing specialists.
I opted to have a survey completed on a property in Ravenshead prior to instructing conveyancers. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some lenders will not grant a loan on a flying freehold house.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Ravenshead. Conveyancing may be slightly more expensive based on your lender's requirements.