Me and my fiance are purchasing residence in Great Linford. My lawyer has never been on on the lender approved list. Can I still retain my Great Linford conveyancing solicitor notwithstanding that they are excluded from the lender list of approved lawyers?
You have a number of choices available to you here
- Carry on with your chosen Great Linford conveyancing practitioner but your bank will undoubtedly use a conveyancing practitioner on their approved panel. This will result in additional charges and probable interruption.
- Appoint a new property lawyer to conduct the conveyancing, making sure they are on the lender conveyancing panel.
- Convince your lawyer to apply to join the bank panel
My wife and I are acquiring a newly built flat in Great Linford and my conveyancer is telling me that she has to the mortgage company to reveal incentives from the seller. I am on a tight deadline to exchange and I have no desire to delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We note that you have a post code search directory listing solicitors on the Nottingham conveyancing panel. Do firms pay you a referral fee if I retain them for our conveyancing in Great Linford?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Great Linford.
What is the difference between a licensed conveyancer and conveyancing solicitor in Great Linford
There are two types of lawyers who can perform conveyancing in Great Linford namely licenced conveyancers or solicitors. Both professionals administer the legal services that required to complete the disposal or purchase of property. They are both duty bound to carry out Great Linford conveyancing on similar quality and guidelines so you may be sure that your conveyancing will be properly administered and that all requirements and procedures should be appropriately attended to.
Forgive me if this question is silly but I am unexperienced as FTB of a ground floor flat in Great Linford. Do I pick up the keys to the property on the completion date from my solicitor? If so, I will appoint a High Street conveyancing solicitor in Great Linford?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the completion advance to the seller's solicitors, and shortly after the monies have arrived, you should be able to receive the keys from the selling Agents and move into your new home. This tends to happen early afternoon.
I currently have a mortgage with Nationwide for my property in Great Linford. Conveyancing has been completed a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nationwide?
You must advise Nationwide prior to letting out your property as this is likely to be a breach of Nationwide’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nationwide directly. It should not be necessary to do this via a Nationwide conveyancing panel firm.
I have a semi-detached Georgian property in Great Linford. Conveyancing practitioner acted for me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Great Linford and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with your conveyancing solicitor who conducted the work.
Should I appoint a Great Linford conveyancing solicitor in close proximity to the house I am hoping to buy? An old friend can deal with the conveyancing but her office is approximately 350miles drive away.
The benefit of a local Great Linford conveyancing practice is that you can visit the firm to execute documents, deliver your identification documents and pester them where appropriate. They will also have local knowledge which is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and they were impressed that should surpass using an unfamiliar Great Linford conveyancing lawyer just because they are Great Linford based.