I plan on acquiring a leasehold flat in Groby. My Conveyancer has never been on on the lender conveyancing panel. Am I still permitted to use my Groby conveyancing solicitor even though they are not on the lender list of approved lawyers?
You have a number of options open to you here
- Carry on with your existing Groby property lawyer but your mortgage company will undoubtedly instruct a conveyancing practitioner on their approved panel. This will result in additional cost together with probable delay.
- Appoint a new conveyancer to conduct the conveyancing, obviously checking they are on the lender conveyancing panel.
- Convince your conveyancing practitioner to apply to join the lender panel
Would the conveyancing lawyers identified through your search tool perform right to buy conveyancing in Groby?
We have identified numerous conveyancing lawyers who can handle right to buy conveyancing Please get in touch with the solicitors listed in order to obtain a conveyancing quote.
The Groby conveyancing solicitors that I recently instructed on my house acquisition in Groby have suddenly closed. I chose them because I had to have a solicitor on the RBS conveyancing panel and my preferred Groby lawyer was not. I gave my credit card details for them to take £195 for searches. What should be my next steps?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the RBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist.
I'm the sole beneficiary of my late grandmother’s estate with all property in now in my sole name, including the my former home in Groby. Conveyancing formalities meant that the Land Registry date was in April. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my property ownership may be treated the same way as though I had purchased the house in April. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be affected by that. many banks would take a practical view as this provision principally exists to pick up on subsales or the quick reselling of properties.
I am purchasing a property in Groby. A rare aspect is that the roof has a solar panel. Barclays have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Barclays your lawyer must check the formal requirements outlined in Section 2 of UK Finance Lenders’ Handbook for Barclays. The Council of Mortgage Lenders’ Handbook sets out minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to Barclays where a lease does not comply with these provisions. The conditions relate to the installation of panels on properties in England and Wales and is not isolated to Groby.
Planning on purchasing a flat in Groby. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Clydesdale conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Groby property lawyer is on the Clydesdale conveyancing panel.
I am 3 weeks into a freehold purchase having been directed to solicitors by the local agent to execute conveyancing in Groby. I am am starting to be dissatisfied with the quality of service. Could you you assist me in finding new conveyancers?
They would need to be very poor to suggest changing them. Has your mortgage been issued? In the event that it has you will need to advise them of the new contact details and get the mortgage documents are issued to the new lawyers. Your conveyancer needs to be on the mortgage company approved list to avoid added expenses and delays. That should be your starting point. Our search tool should help you find a lender approved solicitor for your home move in Groby
What is the reason for new build conveyancing in Groby being more expensive?
Buying a brand new property is significantly distinct from the normal house purchase conveyancing in Groby. For a start housebuilders usually require contracts to exchange very quickly, the result being a lot of pressure on your lawyer to make sure all is in order. Furthermore new build premises frequently necessitate examination of adoption of highways, drains, planning considerations, building warranties or architects certificates. Lenders requirements are also more demanding. Taking into account the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.