I am getting a offer of a home loan from Nat West. I would like to retain the legal services of a Licensed Conveyancer in East Hunsbury. Does the Nat West Conveyancing panel exclude Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We are about to exchange contracts for a ground floor flat in East Hunsbury. We encountered a stumbling block. Our loan offer with Santander runs out on 13/6/2024 but the vendors are insisting on a completion date of 17/6/2024. Can one extend the loan offer?
The person best placed to deal with your question is your solicitors who will assess if they corresponding with the bank, seller’s conveyancers, estate agents or possibly all three given the circumstances your conveyancing as of today.
I have been referred to a conveyancing solicitor in East Hunsbury. I need to find out whether they are accepted on the Yorkshire Building Society approved list of lawyers. Can you advise?
The first thing you should do is call the lawyer and ask them whether they are on the lender panel. Otherwise you should get in touch with Yorkshire Building Society who may be able to confirm.
What is the difference between a licensed conveyancer and conveyancing solicitor in East Hunsbury
There are two types of lawyers who can carry out conveyancing in East Hunsbury namely licenced conveyancers or solicitors. Both professionals provide the legal services that you need to complete the sale or acquisition of property. They are both required to carry out East Hunsbury conveyancing on similar quality and guidelines so you may be sure that your conveyancing will be properly conducted and that the requisite procedures should be correctly adhered to.
I am buying a terrace house in East Hunsbury. Our aim is to carry out a loft conversion at the property.Will the conveyancing process involve enquiries to ascertain if these works are permitted?
Your solicitor should review the registered title as conveyancing in East Hunsbury will sometimes reveal restrictions in the title deeds which prevent categories of changes or necessitated the consent of a 3rd party. Some works need local authority planning consent and approval in compliance with building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
I had a mortgage agreed in principle with Co-operative. East Hunsbury conveyancing solicitors are chosen. How long does it take for Co-operative to issue the offer to the lawyer?
Some lenders take longer than others. Have Co-operative conducted the survey? Have you informed Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
three months have elapsed since my purchase conveyancing in East Hunsbury completed. I have checked the Land Registry website 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 asset 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.
How does conveyancing in East Hunsbury differ for newly converted properties?
Most buyers of new build or newly converted property in East Hunsbury come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is completed. This is because new home sellers in East Hunsbury usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in East Hunsbury or who has acted in the same development.