I am expecting a mortgage offer from Halifax. I hope to use a Licensed Conveyancer in Charterhouse. Does the Halifax Solicitor panel exclude Licensed Conveyancers?
The Halifax approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My husband and I are nearing an exchange on a property in Charterhouse and my mum and dad have transferred the ten percent deposit to my conveyancing practitioner. I am now told that as the deposit has not arrived from me my conveyancing practitioner needs to disclose this to my mortgage company. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I advised the lender about my parents' contribution when I applied for the mortgage, so is it really necessary for this now to delay the deal?
Your conveyancing practitioner is obliged to check with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
What is the difference between a licensed conveyancer and conveyancing solicitor in Charterhouse
There are two types of lawyers who can execute conveyancing in Charterhouse namely CLC regulated conveyancers or solicitors. Both professionals provide conveyancing services that required to complete the disposal or purchase of property. They are both duty bound to handle Charterhouse conveyancing to the same quality and guidelines so you can be sure that your conveyancing will be properly administered and that all requirements and steps should be appropriately attended to.
Is it the case that all Charterhouse solicitors on the Nottingham conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Nottingham approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. Many banks do allow licenced conveyancers on their panel and in such a situation the firms would be overseen by the CLC.
We previously selected conveyancers located in Charterhouse on the TSB solicitor approved list. They are now charging me a separate amount for handling the TSB mortgage. Is this an additional conveyancing fee specified by TSB?
As unfair as it may seem, as long as it’s in their Terms of Engagement or Quote then yes your property lawyer may levy a fee for this. This charge is not set by TSB but by your Charterhouse conveyancer. Numerous firms on the TSB panel will quote ’dealing with mortgage’ fee and others do not.
I know that there are debates on Chancel Insurance on online forums. Am I compelled to have this when buying a house in Charterhouse? or Apparently there is an ancient law that means some owners of property living in a parish church boundary may be liable to contribute towards maintenance to the chancel in proximity to the church. Is this applicable for conveyancing in Charterhouse?
Unless a previous purchase of the house completed after 12 October 2013 you may assume that conveyancing practitioners handling conveyancing in Charterhouse to continue to suggest a chancel search and or insurance against a claim.
I am looking for a flat up to £195,000 and identified one near me in Charterhouse I like with a park and railway links in the vicinity, however it only has 49 remaining years left on the lease. I can't really find anything else in Charterhouse in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
Do I have to have a meeting at the offices of the mortgage company conveyancing panel solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Charterhouse as it will be easier to attend their offices when needed.
Whereas this was necessary 15 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Charterhouse.