My financial adviser has asked me for my Chessington lawyer’ panel member for the Nationwide conveyancing panel. What is the best way to obtain this. I have called my local Chessington office but they cant find it on their system.
The sensible thing to do is ask for this information from your Chessington lawyer . Most Chessington conveyancing firms will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
In the event thatI were to buy a freehold propertyin Chessington mortgage fee and dispense with a survey and no conveyancing searches how much would I expect to to save on my conveyancing in Chessington?
The sole reduction in fees you would make on is the Chessington conveyancing searches. The property lawyer still got to do everything else - money laundering, liaising with the vendors solicitor, stamp duty submission, register the title etc. A slight saving might be made by not having to register a mortgage but it will not be meaningful.
Do lenders provide you with an approved list of Chessington conveyancing solicitors? How do you know who is on the HSBC conveyancing panel?
Chessington conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
What is the difference between a licensed conveyancer and conveyancing solicitor in Chessington
There are many registered licenced Conveyancers in Chessington and Solicitor practices in Chessington who can assist with your conveyancing It is important to make clear that the two are regulated professionals specialising in the legal aspects of transferring property. Both can handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I am the sole beneficiary of my late father’s estate and I have everything in my name now, including the my former home in Chessington. The Chessington property was put into my name in April. I plan to dispose of the property. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship could be considered the same way as if I'd bought the property in April. Is the property unsalable for six months?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. How practical a view mortgage companies take of it, depend on the lender as this requirement is chiefly there to capture the purchase and immediately sell or the flipping of properties.
We expect to receive a AIP from Co-operative this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Co-operative recommend any Chessington solicitors on the Co-operative conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Chessington solicitors independently although you'll need to choose one on the Co-operative conveyancing panel. The solicitor represents both you and Co-operative through the process.
Due to the encouragement of my in-laws I had a survey completed on a house in Chessington prior to retaining conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some lenders may not grant a mortgage on such a premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you e-mail us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Chessington. Conveyancing may be slightly more expensive based on your lender's requirements.
My conveyancing solicitor in Chessington has requested from me proof of ID documents saying that this forms part of his requirements as a solicitor on the bank Solicitor panel. This is news to me - can I refuse?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the mortgage company. This is not specific to conveyancing in Chessington