We're in East Boldon, First time buyers purchasing with a mortgage (lender is Leeds Building Society , and our solicitor is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I have been told that property searches are a common cause of hinderance in East Boldon conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in East Boldon.
4 months have elapsed following my purchase conveyancing in East Boldon completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the guidance of my in-laws I had a survey completed on a property in East Boldon in advance of appointing solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies may refuse to give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in East Boldon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in East Boldon to see if the conveyancing costs will increase in light of this.
How easy is it to change firm as I have to retain a firm on the Leeds Building Society conveyancing list. I had appointed a high street conveyancing solicitor in East Boldon round the corner but the firm is not accepted by Leeds Building Society
It would be our pleasure to help you select a conveyancing solicitor in East Boldon on the Leeds Building Society panel. Please note that the property lawyers that we on the directory do not pay us fee if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in East Boldon. In utilising search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in East Boldon.
My lender have just issued us with a mortgage offer. We are using a high street conveyancer in East Boldon yesterday. A couple of hours ago, our broker called to say that the bank said that we cannot use our solicitor as they aren't on their panel. As FTB's, we did not have a clue that the mortgage company had a say Is this allowed?
You can actually choose any lawyer you want to appoint for your conveyancing in East Boldon however if they are not on the your lender's approved list you would have to fork out an extra fee so your bank can appoint their own conveyancer too. sometimes it is conceivable that your solicitor may apply to get added to the bank panel. Do make the most of web-based tools such as lenderpanel.com to find a conveyancing solcitor in East Boldon on the mortgage company panel. You can go into your high street bank branch in East Boldon. They can recommend conveyancing solicitors in East Boldon on the mortgage company panel.