I was notified today by my estate agent that my Ash property lawyer is not on the lender Conveyancing panel. What can I do to check?
Your first step should be to contact your Ash lawyer directly. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they may be able to suggest a Ash conveyancing firm that is on the conveyancing panel for your bank.
Is it the case that all Ash solicitors on the Nationwide conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Nationwide conveyancing panel they would need to be governed by the SRA. Many mortgage companies do list licenced conveyancers on their panel in which case such organisation would be regulated by the Council of Licensed Conveyancers.
We have agreed to purchase a house in Ash. A rare aspect is that the roof has a solar panel. Nationwide have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Nationwide your lawyer must follow the formal requirements outlined in Part 2 of UK Finance Lenders’ Handbook for Nationwide. The Council of Mortgage Lenders’ Handbook includes minimum conditions for solar panel roof-space leases, and lawyers are required to report to Nationwide where a lease does not comply with these provisions. The provisions relate to the installation of panels on properties nationwide and is not restricted to Ash.
I currently have a mortgage with Principality for my property in Ash. Conveyancing has been completed some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Principality?
Principality must be informed of your intention before letting out your property as this is likely to be a breach of Principality’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 Principality directly. You need not do this via a Principality conveyancing panel lawyer.
I opted to have a survey done on a property in Ash prior to appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies will not issue a mortgage on this type of house.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ash. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm converting the mortgage on my existing home to a BTL mortgage with Yorkshire Building Society and I will use the ballance of the raised equity as a deposit on a second property. The area we are talking about is Ash. Will your lawyers be able to act for the two banks and link together the transactions?
Make use of our search tool on this page to check that the conveyancers are on the appropriate lender panels. Assuming that they are the conveyancer should be able to connect the two transactions but you should talk with you lawyer and make clear your expectations and needs.
I need to find a conveyancing solicitor for remortgage conveyancing in Ash. I've land on a site which looks to be the perfect solution If it is possible to get all formalities completed via phone that would be preferable. Do I need to be concerned? What are the potential pitfalls?
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?
I purchased a house in Ash last 14/3/2023 and to date it is still not registered with HM Land Registry. It was part of a development site and my conveyancer told me that it may take twelve months to register. I have contacted the Land Registry directly and they say that the initial application was cancelled due to questions not being addressed in time. Do I need to be concerned?
It is your conveyancing practitioner that you should get in touch with in order to satisfy any issues which have been raised as part of the registration process for your Ash property. Normal Ash conveyancing practice includes an undertaking on the part of the previous owner’s conveyancer that they will assist in resolving any registration raised by HMLR so it may be a case of seeking to enforce that undertaking in some way.