I am obtaining a offer of a home loan from Nat West. I hope to instruct a Licensed Conveyancer in Strood. Does the Nat West Solicitor panel allow for Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We see that you have a search directory identifying firms on the Kent Reliance conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Strood?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Strood.
How does conveyancing in Strood differ for new build properties?
Most buyers of new build residence in Strood contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Strood tend to acquire the site, 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 Strood or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Strood before instructing lawyers. I have been advised that there is a flying freehold element to the house. The surveyor has said that some mortgage companies tend not grant a loan on such a premises.
It varies from the lender to lender. HSBC has different requirements from Halifax. If you call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Strood. Conveyancing may be slightly more expensive based on your lender's requirements.
How up-to-date is your search tool for the lender conveyancing panel in Strood? Do the lenders send you an updated list?
Strood firms and firms conducting conveyancing in Strood themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the lender directly.