My mortgage broker requires my Sawston law firm’s panel member for the Santander conveyancing panel. What is the best way to discover this. I have tried my local Sawston branch but they have not responded to me.
Have you tried calling your Sawston property lawyer about this?. They retain a central record lender panel numbers.
My conveyancer has identified a defect with the lease for the flat we are buying in Sawston. The seller’s lawyers have offered title insurance as a workaround. We are content with insurance and will pay for it. Our conveyancing practitioner says that he must ensure that the lender is content with this solution. Are we the client or is the mortgage company ?
Notwithstanding that you have a mortgage offer from the bank does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the lender are the client. These conveyancing instructions must be adhered to.
It is 10 years ago since I bought my property in Sawston. Conveyancing solicitors have recently been appointed on the sale but I am unable to track down the title documents. Will this jeopardise the sale?
Don’t worry too much. First the deeds may be kept by the lender or they could be in the possession of the conveyancers who acted in your purchase. Secondly in all probability the land will be registered at the land registry and you will be able to establish that you own the property by your conveyancing lawyers procuring up to date copy of the land registers. Almost all conveyancing in Sawston involves registered property but in the rare situation where your property is unregistered it adds to the complexity but is resolvable.
How does conveyancing in Sawston differ for new build properties?
Most buyers of new build property in Sawston approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Sawston usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Sawston or who has acted in the same development.
I have been recommended by three or four local selling agents in Sawston to get a quote from a property lawyer on your site. Is there a financial incentive for Estate Agents to promote your services over and above alternative conveyancing organisations?
We refuse to offer any commission for directing people to this site. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.