We wanted to use a property lawyer in Saxmundham for our home move. Our financial adviser has since notified us that our mortgage company Santander won't deal with them. Why is this not regarded as unduly restrictive?
Pre- 2008 most mortgage companies had an appetite for risk which was higher than today. Almost all Saxmundham conveyancing firms would have been on most bank panels. The financial services regulator in 2010 carried out a thematic review into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more information from law firms concerning their operations and their employees as well as establishing certain criteria such a completing on a minimum volume of transactions. Many Saxmundham conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Saxmundham is one of the numerous locations where the conveyancers showing on our search results are are authorised to act for Santander.
I'm the sole recipient of my late grandmother’s estate and I have everything in my name alone, including the house in Saxmundham. Conveyancing formalities meant that the Land Registry date was in November. I now wish to sell up. I understand that there is a CML 6 month 'rule', which means that my proprietorship may be treated the same way as though I had purchased the house in November. Will no one buy the property for half a year?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be caught by that. How sensible a view banks take of it, depend on the mortgage company as this clause primarily exists to capture the purchase and immediately sell or the wholesaling and assigning of properties.
After much negotiation I have agreed a price on a house in Saxmundham. My financial adviser suggested a property lawyer. I paid an on account payment of £200. A few days later, the conveyancing practitioner called me to say that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Intending to buy a apartment in Saxmundham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore 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 Saxmundham conveyancing practitioner is on the Aldermore conveyancing panel.
The deeds to my house are lost. The solicitors who did the conveyancing in Saxmundham 5 years ago have long since closed. What are my next steps?
You no longer need to hold title deeds to establish that you are the registered proprietor of land or premises, as the Land Registry hold details of all registered land or property electronically.
Are there any apps to help identify a Saxmundham law firm on the Chelsea Building Society conveyancing panel? I drive a motor bike and am happy to travel upto 25kilometers to meet the solicitor.
You can use the search on this page. Please choose the mortgage company and your location and you will see a number of Saxmundham conveyancing lawyers based on proximity. We have detailed some Saxmundham conveyancing firms at the bottom of this page and you can contact them to see if they are on the Chelsea Building Society panel
Am I best advised to appoint a Saxmundham conveyancing lawyer in close proximity to the house I am purchasing? We have a good friend who can handle the legal formalities but they are based 400kilometers away.
The primary upside of using a local Saxmundham conveyancing practice is that you can drop in to sign paperwork, hand in your ID and apply pressure on them if necessary. Having local Saxmundham know how is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and the majority were happy that should outweigh using an unfamiliar Saxmundham conveyancing solicitor solely due to them being Saxmundham based.