My IFA requires my Coningsby solicitor’s panel reference for the Nat West conveyancing panel. Can you suggest how I discover this. I have called my local Coningsby branch but they have not responded to me.
Have you tried contacting your Coningsby conveyancing practitioner about this?. Most Coningsby conveyancing practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
The owners of the property we are purchasing hired a conveyancing firm in Coningsby who has insisted on a preliminary agreement with a non-refundable deposit two thousand pounds. Are such agreements sensible?
There are two primary drawbacks with entering into any lock out contract (sometimes termed a shut-out contract) is that it diverts attention away from moving forward with the conveyancing process, so in the absence of it needing limited or no negotiation then it could turn out to be a cause of frustration and delay. It is not promoted by Coningsby conveyancing practitioners for this reason. The other main negative is the extent of the remedies available - a jilted purchaser should not expect to obtain injunctive relief to prohibit the owner selling to an alternative purchaser, so the only remedy open via the contract will be the reimbursement of wasted charges and, in rare situations, the extra payment of damages.
We are getting a further advance on our mortgage from Santander as we wish to conduct alterations to our property in Coningsby. Are we obliged to select a high street Coningsby solicitor on the Santander conveyancing panel to deal with the paperwork?
Santander do not ordinarily require a member of their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Santander list.
I am buying a property in Coningsby. A rare aspect is that the roof has a solar panel. UBS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is UBS your lawyer must follow the formal requirements outlined in Part 2 of UK Finance Lenders’ Handbook for UBS. The Council of Mortgage Lenders’ Handbook sets out minimum specifications for solar panel roof-space leases, and property lawyers are required to report to UBS where a lease does not satisfy these provisions. The requirements relate to the installation of panels on properties nationwide and is not restricted to Coningsby.
About to purchase maisonette in Coningsby. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Principality conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Coningsby property lawyer is on the Principality conveyancing panel.
The estate agent has sent us the confirmation of our purchase of a new build flat in Coningsby. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Coningsby
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Please confirm the Lease plans are architect prepared.
Do I need to be concerned that estate agents that I am dealing with are recommending a web based conveyancing firm rather than a local Coningsby conveyancing practice?
As is the case with many service providers, often suggestions from relatives can be extremely useful or valuable. Nevertheless there are many players in a conveyancing transaction; estate agents, mortgage brokers and banks might all put forward lawyers to choose. Sometimes the solicitors might be known to one of the organisations as being good in their field, but occasionally there exists a financial incentive behind the recommendation. You have the discretion to choose your own conveyancer. You need to be aware that many lenders specify a panel list of solicitors you have to use for the mortgage aspect of your house move.
I have been sourcing a conveyancing practitioner in Coningsby for my house move. Is it possible to check a solicitor's record with the legal regulator?
You can see presented Solicitor Regulator Association (SRA) decisions stemming from inquisitions started on or after 1 January 2008. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The regulator may recorded telephone calls for training requirements.