Why do I have to pay up front when it comes to conveyancing in Long Ashton?
Where you are retaining lawyers for conveyancing in Long Ashton your solicitor will request that you to provide them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is payable against the total price then this should be required immediately prior to exchange of contracts. The final balance that is due should be transferred shortly before completion.
When it comes to mortgage companies such as Clydesdale, do Long Ashton solicitors face an annual charge to be on the list of approved solicitors?
We are not aware of any bank fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
Does a directory service exist listing Barclays panel solicitors in Long Ashton on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. Very few lending institutions make their panel listings open the public online. If you are looking for a Long Ashton conveyancing practitioner on the Barclays please use our facility.
I had an offer accepted on a property in Long Ashton on 28/2/2024, valuation was booked 3 days later, all came back fine. Conveyancer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Santander and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Santander conveyancing panel. Are Santander entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
My wife and I own a semi-detached Edwardian house in Long Ashton. Conveyancing practitioner acted for me and Leeds Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Long Ashton and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing lawyer who conducted the conveyancing.
I am purchasing a new build house in Long Ashton with the aid of help to buy. The developers refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not disclose to my conveyancer about the deal as it may adversely affect my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
How do I use the search app to select a conveyancing practitioner in Long Ashton on the authorised to act for my bank?
First select a lender such as Lloyds TSB Bank, The Mortgage Works or Bank of Ireland then specify your preferred area such as Long Ashton. Conveyancing organisations in Long Ashton and beyond will then be identified.
After what seems like an age I have had an offer on an maisonette in Long Ashton accepted, but there is a chain. The vendors have offered on a flat, although it’s not been accepted yet, and has viewings of other flats booked. I have instructed a nearby conveyancing solicitor in Long Ashton. What should be my next step? When should I get the mortgage application with Skipton going with Skipton?
It is understandable to have apprehensions where there is an associated chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of £1k, then valuation, Long Ashton conveyancing search charges, etc). The first thing to do is ensure that your property lawyer is on the Skipton conveyancing panel. Concerning the subsequent steps this very much depends on the uniqueness of your case, desire for the property and on the state of the market. In a buoyant market many purchasers would apply for the mortgage with Skipton and arrange for the survey and only if it comes back ok would they pay their property lawyer to press on with the conveyancing in Long Ashton.