I had intended to instruct a conveyancing solicitor in The Meadows for our home move. Our broker informed us that our bank Alliance & Leicester won't deal with them. Surely this is unduly restrictive?
A lender can direct that an approved conveyancer act for it. You would be expected to meet the charges for this. Try using our directory service to get a quote from a solicitor to conduct conveyancing in The Meadows on the Alliance & Leicester approved list of solicitors.
My father advised me that in purchasing a property in The Meadows there may be a number of restrictions as to what one can do in terms of external alterations to a property. Is this right?
We are aware of a number of properties in The Meadows which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in The Meadows should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Two weeks ago we had a mortgage agreed in principle with UBS. The Meadows conveyancing solicitors have been selected. What is the average time that one could expect to receive a mortgage offer from UBS?
There is no definitive answer here. Have UBS done the valuation? Have you informed UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Co-operative have agreed my home loan in principle, my bid on a apartment in The Meadows has been accepted, what happens next?
The estate agent will wish to be informed of your lawyer's details (ensure that the property lawyers are on the lender’s panel). Telephone Co-operative or your broker and finish off any relevant forms. Co-operative will appoint a valuer who will get in contact with the selling agent or seller to book an appointment. Once carried out (assuming no problems) it takes about ten days to get a mortgage offer. Co-operative will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in The Meadows.
Are there restrictive covenants that are commonly picked up during conveyancing in The Meadows?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in The Meadows. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm remortgaging my primary house to a buy to let mortgage with HSBC Bank and I will use the rest of the raised equity as a deposit on another property. The location we are interested in is The Meadows. Will your solicitors be able to act for the two lenders and tie in the transactions?
Do use our comparison tool on this site to check that the lawyers are on the relevant lender panels. Having checked that they are your solicitor should be able to tie up the two conveyancing matters but you should have a chat with you lawyer and make clear your expectations and requirements.
My lawyers in The Meadows have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with the bank. Is it case that being on the bank conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the bank Conveyancing Panel Terms. It might be worth you contacting the bank directly.