I am considering applying for a Skipton mortgage for purchase of a newly converted (under development) in Wavertree with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Skipton ?
There is nothing to stop you using your solicitor, but Skipton will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
We had selected solicitors locally in Wavertree on the Yorkshire BS solicitor approved list. They are now charging me a further fee for the legal aspects of the Yorkshire BS mortgage. Is this a supplemental conveyancing fee specified by Yorkshire BS?
Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your lawyer is entitled to charge a fee for this. This fee is not set by Yorkshire BS but by your Wavertree conveyancing practitioner. Numerous firms on the Yorkshire BS panel will levy ’dealing with mortgage’ fee and others do not.
The formalities of my remortgage has taken place for my property in Wavertree. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I was told four weeks ago that my mortgage has been agreed to by Lloyds. Is it usual for Lloyds to only issue the offer once my solicitor in Wavertree is approved on their conveyancing panel? Lloyds have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
How does conveyancing in Wavertree differ for new build properties?
Most buyers of new build premises in Wavertree contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Wavertree typically 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 property lawyers 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 Wavertree or who has acted in the same development.
What does commercial conveyancing in Wavertree cover?
Wavertree conveyancing for business premises covers a wide array of guidance, provided by qualified solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
My step-father has urged me to use his conveyancing solicitors in Wavertree. Should I choose my own solicitor?
No doubt the ideal way to choose a conveyancing solicitor is to get referrals from friends or relatives who have actually previously instructed the conveyancer you're are thinking of instructing.