I am hoping to receive a mortgage offer from Nat West. My intention is to enlist the help of a Licensed Conveyancer in East Croydon. Does the Nat West Conveyancing panel exclude conveyancers regulated by the CLC?
The Nat West conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
We were just about to exchange contracts for a ground floor flat in East Croydon. We have hit a snag. The mortgage offer with Bank of Ireland expires on 13/4/2026 but the owners are putting forward a completion date of 15/4/2026. Is it possible to prolong the mortgage offer?
The best person to address this question is your lawyer who will hopefully determine whether he or she is better off negotiating with the mortgage company, owner’s conveyancers, selling agents or conceivably all three taking into account the circumstances your transaction as of today.
My house in East Croydon is up for sale and I have accepted an offer. Does my conveyancer need to be required to be on the Santander conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Santander conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.
What can a local search inform me about the property I am purchasing in East Croydon?
East Croydon conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company such as Onsearch The local search is essential in every East Croydon conveyancing purchase; as long as you don’t want any nasty once you have moved into your property. The search should supply data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
four months have gone by since my purchase conveyancing in East Croydon completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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 premises 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.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a quick, chain free conveyancing. East Croydon is where the house is located. Is there any guidance you can impart?
Flying freeholds in East Croydon are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in East Croydon you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in East Croydon may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.