I am expecting a offer of a home loan from Nat West. I would like to employ the services of a Licensed Conveyancer in Whalley Range. Does the Nat West Solicitor panel include conveyancers regulated by the CLC?
The Nat West conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
We are getting a further advance on our home loan from Santander as we intend to conduct alterations to our home in Whalley Range. Are we obliged to appoint a bricks and mortar Whalley Range solicitor on the Santander conveyancing panel to handle the paperwork?
Santander would not normally instruct firms on their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Santander conveyancing panel.
After weeks of negotiation I have agreed a price on a house in Whalley Range. My financial adviser pressured me to appoint their conveyancing practitioner. I paid an upfront payment of £225. Not long after, the conveyancer contacted me to say that they were not on the Yorkshire BS 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 Yorkshire BS 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.
Nottingham have agreed my home loan in principle, my offer on a house in Whalley Range has been accepted, now what?
Your estate agent will want to know who your solicitors are (make sure the conveyancing practitioners are on the lender’s approved list). Telephone Nottingham or your financial adviser and complete any relevant paperwork. Nottingham will instruct a valuer who will get in contact with the selling agent or seller to arrange an appointment. Once carried out (assuming no problems) it takes about ten days for the mortgage offer to be issued. Nottingham will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Whalley Range.
2 months have gone by since my purchase conveyancing in Whalley Range completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a ground for flat up to £235,500 and identified one near me in Whalley Range I like with open areas and transport links in the vicinity, the downside is that it only has 61 remaining years left on the lease. There is not much else in Whalley Range in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the remaining unexpired lease term will be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
I need to retain a conveyancing solicitor for remortgage conveyancing in Whalley Range. I have discover a web site which looks to be the perfect answer If there is a chance to get all the legals completed via phone that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?