I am expecting a mortgage offer from Lloyds. I would like to employ the services of a Licensed Conveyancer in South Cave. Does the Lloyds Conveyancing panel allow for Licensed Conveyancers?
The Lloyds approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
I had a mortgage agreed in principle with Principality. South Cave conveyancing practitioners have been instructed. What is the average time that one could expect to receive a mortgage offer from Principality?
There is no definitive answer here. Have Principality completed the valuation? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am expecting a OIP from UBS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do UBS recommend any South Cave solicitors on the UBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint South Cave solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
About to purchase house in South Cave. 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 Nationwide 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 South Cave conveyancer is on the Nationwide conveyancing panel.
I have justfound out that Action Conveyancing have been shut down. They carried out my conveyancing in South Cave for a purchase of a leasehold flat 12 months ago. How can I check that the property is not still registered in the name of the former proprietor?
The easiest method to check if the property 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 South Cave conveyancing specialists.
How does conveyancing in South Cave differ for newly converted properties?
Most buyers of new build residence in South Cave contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because builders in South Cave usually buy the real estate, 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 accustomed to new build conveyancing in South Cave or who has acted in the same development.
We have chosen a South Cave conveyancing solicitor for our home move (FTB’s) and have noticed in the engagement letter that they are not covered by the Financial Conduct Authority. Should I be concerned or is that usually the case with lawyer?
We can't see why they should be. Most solicitor don't lend money. You should check that they are governed by the Solicitors Regulation Authority, who set specific obligations in relation to monies held by them.