I am hoping to receive a mortgage offer from Santander. I would like to use a Licensed Conveyancer in Droylsden. Does the Santander Solicitor panel exclude Licensed Conveyancers?
The Santander approved solicitor list is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My lawyer has identified a a problem with the lease for the property we are buying in Droylsden. The other side have suggested title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor says that he must be satisfied that the mortgage company is willing to move forward with this solution. Who is the client here, us or the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.
How up to date is your search tool for Droylsden conveyancing solicitors on the Yorkshire BS conveyancing panel? Do Yorkshire BS send you an updated list?
Droylsden conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.
I am thinking of mortgaging my house in Droylsden, does my lawyer have to be on the Skipton Solicitor panel?
There is nothing to stop you using your solicitor, but Skipton will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
What is the difference between a licensed conveyancer and conveyancing solicitor in Droylsden
Two types of professional can conduct conveyancing in Droylsden namely CLC regulated conveyancers or solicitors. Both professionals handle the legal services that you need to complete the disposal or purchase of property. Both are required to perform Droylsden conveyancing on similar standards and guidelines so you can be sure that your conveyancing will be properly administered and that all requirements and steps should be suitably followed.
My bid for a property was accepted at auction in Droylsden. Conveyancing is needed. What happens now?
Having legally committed yourself to purchase you will need to instruct a conveyancing lawyer soon as you will have a fast approaching a fixed date to complete the purchase. An auction property will ordinarily have a corresponding auction pack. This will include the copy title deeds, local authority and drainage searches. In the case of leasehold property the conveyancing pack should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You need to pass this on to the solicitor instructed by you at the earliest opportunity. Do make sure that that you have the requisite funding in order to complete on the date specified in the contract.
We have a mortgage agreed in principle with Nationwide. Droylsden conveyancing practitioners have been chosen. What is the average time that one could expect to receive a mortgage offer from Nationwide?
Some lenders take longer than others. Have Nationwide completed the valuation? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I'm remortgaging my primary property to a BTL mortgage with Leeds Building Society and intend to use the remaining equity as a down payment on another house. The area we are looking at is Droylsden. Will your solicitors be able to act for both sets of banks and tie in the transactions?
Make use of our comparison tool on this page to check that the solicitors are on the relevant lender panels. Having checked that they are your conveyancer will be able to simultaneously deal with the two transactions but you should have a chat with you solicitor and communicate your desired outcome and needs.