I am getting a mortgage with Nat West. I would like to enlist the help of a Licensed Conveyancer in Bishops Stortford. Does the Nat West Solicitor panel allow for Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Do banks and building societies provide you with an approved list of Bishops Stortford conveyancing solicitors? How do you know who is on the Co-operative conveyancing panel?
Bishops Stortford conveyancing firms themselves provide us confirmation that they are on the Co-operative conveyancing panel as opposed to being supplied with a list from Co-operative directly.
How can we know in advance if a Bishops Stortford conveyancing solicitor on the HSBC panel is any good?
When it comes to conveyancing in Bishops Stortford obtaining recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer carrying out your transaction.
My wife and I are in the throws of looking at houses in Bishops Stortford and I am about to put in an offer. Is it premature to have a solicitor in place? I intend to finance via a home loan with Kent Reliance.
It would be sensible to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. Given that you are taking out a mortgage with Kent Reliance, make sure you remember to check that your lawyer is on the Kent Reliance conveyancing panel.
The mortgage over my property is with RBS for my property in Bishops Stortford. Conveyancing has been completed some time ago. If I am intending 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 RBS?
RBS must be informed of your intention in advance of letting out your property as this is likely to be a breach of RBS’s mortgage conditions. It may be that RBS 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 RBS directly. You need not do this via a RBS conveyancing panel lawyer.
How does conveyancing in Bishops Stortford differ for new build properties?
Most buyers of new build property in Bishops Stortford contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is completed. This is because builders in Bishops Stortford typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Bishops Stortford or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Bishops Stortford is where the house is located. Can you offer any assistance?
Flying freeholds in Bishops Stortford are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bishops Stortford you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bishops Stortford may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
At long last our conveyancing in Bishops Stortford completes this Friday, but the sellers I am buying from has asked to move out 24 hours later at at 2pm. Should I agree to such a plan?
You can't complete on a Saturday due to the bank systems are not operational.