We note that you have a post code search directory listing firms on the Virgin Money conveyancing panel. Do companies pay you a referral fee if I instruct them for our conveyancing in Carisbrooke?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Carisbrooke.
I am the only beneficiary of my late mum's estate with all property in now in my sole name, including the my former home in Carisbrooke. The Carisbrooke property was put into my name in February. I now wish to sell up. I do know about the Mortgage Lenders 6 month 'rule', meaning my proprietorship may be treated the same way as if I'd bought the house in February. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. How practical a view banks take of it, depend on the mortgage company as this obligation is chiefly there to pick up on subsales or the quick reselling of properties.
It is not clear whether my mortgage offer requires a lease extension. I have telephoned my Carisbrooke building society branch on a couple of occasions and was told it wasn't a problem and they will lend. My Carisbrooke conveyancing solicitor - who is on the bank conveyancing panel- called and was told they refuse to lend based on their published requirements. Who do I believe?
As long as the property lawyer is on the bank panel, they must follow the Council of Mortgage Lenders’ Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
My offer was accepted on an apartment in Carisbrooke on 25/1/2023, valuation was booked 3 days after, all came back fine. Solicitor retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Nottingham and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nottingham conveyancing panel. Are Nottingham entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am purchasing a property and the conveyancer has raised the issue of Chancel Repair for which the property could be liable given it’s proximity to the area of such a church. She has suggested insurance. Is this strictly warranted for conveyancing in Carisbrooke
Unless a prior acquisition of the premises completed post 12 October 2013 you could assume that lawyers carrying out conveyancing in Carisbrooke to remain recommending a chancel search and or insurance against a claim.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Carisbrooke is where the house is located. Can you shed any light on this issue?
Flying freeholds in Carisbrooke are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Carisbrooke you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Carisbrooke may ascertain 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.
We are one month into a residential purchase having been recommend to conveyancers by the selling agent to perform conveyancing in Carisbrooke. I am am starting to be disappointed with the quality of service. Could you you assist me in finding new lawyers?
A conveyancer would need to be really poor to suggest diss instructing them. Has the mortgage offer been issued? In the event that it has you must advise them of the replacement solicitor and have the loan are re-sent. Your solicitor ideally needs to be on the mortgage company approved list to avoid added costs and frustration. So that should be your starting point. The find a solicitor tool should assist you in finding a bank approved solicitor for your home move in Carisbrooke
Are there any apps to help search for a Carisbrooke conveyancing solicitor on the lender conveyancing panel? I have a car and am prepared to travel up to 20miles to attend the conveyancer.
You can use the find a conveyancing panel tool on this website. Please choose the lender and your location, in this case Carisbrooke and you will see a number of lawyer located nearest Carisbrooke. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.