We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Does this mean I have to use their panel lawyer as I would much rather use a Barrow Upon Soar based conveyancing firm?
Do check but the the likelihood is that appoint one of their panel lawyers if you accept the "fee-free" incentive. Contact the mortgage company to explore if they offer you a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor near Barrow Upon Soar.
I am buying a property in Barrow Upon Soar. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender TSB be concerned?
Given that you are obtaining a mortgage with TSB your lawyer must follow the conveyancing instructions contained in Part 2 of UK Finance Lenders’ Handbook for TSB. The CML Handbook contains minimum specifications for solar panel roof-space leases, and conveyancers are required to report to TSB where a lease does not satisfy these requirements. The provisions relate to the installation of panels on properties nationwide and is not isolated to Barrow Upon Soar.
I have today made my last payment due on my mortgage with Yorkshire BS. I assume I don't need a Barrow Upon Soar solicitor on the Yorkshire BS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Yorkshire BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Yorkshire BS mortgage from the register. Yorkshire BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
I recently had an offer accepted on an apartment in Barrow Upon Soar. My mortgage broker pressured me to appoint their property lawyer. I paid an on account payment of £225. A couple of days later, the lawyer contacted me to say that they were not on the RBS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the RBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I require fast conveyancing in Barrow Upon Soar as I have an ultimatum to complete inside one month. Fortunately I do not need a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?
As you are are a mortgage free buyer you are at free not to do searches although no solicitor would recommend that you don't. With plenty of history conveyancing in Barrow Upon Soar the following are instances of what can crop up and therefore affect market value: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
Are there restrictive covenants that are commonly identified during conveyancing in Barrow Upon Soar?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Barrow Upon Soar. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Am I best advised to use a Barrow Upon Soar conveyancing solicitor who is local to the property I am hoping to buy? I have an old university friend who can conduct the legal formalities but they are based a couple of hundredkilometers away.
The benefit of a local Barrow Upon Soar conveyancing practice is that you can pop in to execute paperwork, deliver your ID and pester them where appropriate. They will also have local intelligence which is a plus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and they were happy that must outweigh using an unfamiliar Barrow Upon Soar conveyancing solicitor just because they are Barrow Upon Soar based.
Builders have put forward a property lawyer and I've obtained a quote from them. It's nearly £300 less expensive than my local Barrow Upon Soar conveyancer. Should I use them?
Housebuilders normally have lists of conveyancing practitioners who are quick and who know the developer’s documentation and property lawyer. As many developers offer an inducement to use a preferred conveyancer for this reason, any increased charges can be avoided and a builder will not put forward a conveyancing warehouse and run the risk of having the transaction stall when they demand an exchange within a tight deadline. A counter-argument for not opting for the suggested solicitor is that they may be reluctant to 'push' your interests at the risk of upsetting the developer. If you worry that this may be the case you should keep with your local Barrow Upon Soar property lawyer.