I am considering applying for a Skipton mortgage for purchase of a newly converted (under development) in Yardley with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Skipton ?
In theory, you could use a solicitor that is not on the Skipton conveyancing panel, but Skipton would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
What is the difference between a licensed conveyancer and conveyancing solicitor in Yardley
There are many registered licenced Conveyancers in Yardley and Solicitor firms in Yardley who provide Conveyancing services It is important to make clear that the two are regulated professionals specialising in the legal aspects of the home buying process. Both can deal with other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
is it true that all Yardley solicitor firms on the Santander conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Santander approved list of solicitors they would need to be overseen by the SRA. The majority of banks do permit licenced conveyancers on their panel and in that case the practice would be regulated by the Council of Licensed Conveyancers.
I have today made my last payment due on my mortgage with Barclays. I assume I don't need a Yardley solicitor on the Barclays panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
I purchased my flat on 1 August and the transaction details is not yet registered. Should I be concerned? My conveyancing solicitor in Yardley said it should be concluded in a couple of weeks. Are titles in Yardley uniquely lengthy to register?
There is nothing unique about conveyancing in Yardley registration formalities. As opposed to being determined by geographic area, timeframes can differ subject to the party submitting the application, whether there are errors and if the Land registry need to notify any interested persons or bodies. As of today approximately three quarters of submission are fully dealt with in less than three weeks but occasionally there can be longer hold-ups. Historically registration takes place once the purchaser has moved in to the premises therefore an expedited registration is not usually primary concern yet if it is urgent that the the registration takes place urgently then you or your conveyancer must contact the land registry and explain the circumstances.
I decided to have a survey done on a house in Yardley prior to retaining solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some lenders will not grant a loan on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. If you contact us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Yardley. Conveyancing will be smoother if you use a solicitor in Yardley especially if they regularly deal with such properties in Yardley.
I need to retain a conveyancing solicitor for remortgage conveyancing in Yardley. I've stumble across a site which seems to have the ideal answer If it is possible to get all the legals completed via phone that would be preferable. Do I need to 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?