Can I use your services to recommend a Conveyancing solicitor in Penley even where I’m not purchasing or selling a house, for example if I intend to buy a shop in Penley with a mortgage from Aldermore?
The service is predominantly utilised to select residential conveyancing solicitors in Penley but we have set out towards the bottom of this page some Penley commercial conveyancing firms. You will need to speak with the solicitors directly to establish if they can also act for Aldermore
We are getting the release of further monies on our mortgage from Aldermore as we intend to conduct renovations to our house in Penley. Are we obliged to appoint a local Penley solicitor on the Aldermore conveyancing panel to deal with the legals?
Aldermore do not ordinarily appoint a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Aldermore panel.
We were going to get a DIP from Bank of Ireland this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Bank of Ireland recommend any Penley solicitors on the Bank of Ireland conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Penley solicitors independently although you'll need to choose one on the Bank of Ireland conveyancing panel. The solicitor represents both you and Bank of Ireland through the process.
My wife and I are in the process of viewing apartments in Penley and I am about to put in an offer. Should I already have a property lawyer appointed at this stage? I intend to finance via a mortgage with Nottingham.
You should start obtaining conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are getting a mortgage with Nottingham, ask your prospective lawyers if they are on the Nottingham conveyancing panel otherwise they can't do the mortgage legal work.
Me and my brother purchased a 4 bedroom Georgian house in Penley. Conveyancing solicitor represented me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the exact same property. Is it worth asking The Royal Bank of Scotland to clarify?
You need to 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Penley 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 lenders. You can also check the position with the conveyancing lawyer who conducted the conveyancing.
I'm refinancing my current home to a buy to let loan with Chelsea Building Society and intend to use the remaining equity towards a second property. The neighborhood we are talking about is Penley. Will your lawyers be able to act for the two mortgage companies and link together the transactions?
Make use of our comparison tool on this page to check that the solicitors are on the relevant lender panels. Having checked that they are the lawyer should be able to simultaneously deal with the two deals but you should have a chat with you conveyancer and communicate your expectations and requirements.
In surfing the web for the term conveyancing in Penley it reveals many conveyancersin the vicinity. How do I determine which is the right conveyancing solicitor for my move?
The preferential method of seeking a suitable conveyancer is via personal recommendation, so ask friends and relatives who have purchased a property in Penley or a respected estate agent or financial adviser. Fees for conveyancing in Penley differ, so it's advisable to request at least four costs illustrations from varying types of companies. Dont forget to clarify that the costs are guaranteed not to escalate.
I am short of a 10% deposit on my flat purchase in Penley , but I still want to exchange. Do I have options?
One option is to try and accept a smaller deposit. Most vendors will accept a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second