How do I discover of the solicitor handling my conveyancing in Eastwood is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Britannia thus paying £175.00 in additional legal invoice.
Feel free to make use of the find a lender approved solicitor tool on this page. Please choose the lender and type ‘Eastwood’ or your preferred area and you will see a number of lawyer located in Eastwood or by proximity to you.
We are getting the release of further funds on our home loan from Leeds Building Society as we wish to carry out a loft conversion to our property in Eastwood. Do we need to select a nearby Eastwood solicitor on the Leeds Building Society conveyancing panel to deal with the legals?
Leeds Building Society would not normally instruct a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society list.
I am purchasing a property in Eastwood. An unusual 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 check the conveyancing instructions set out in Part 2 of UK Finance Lenders’ Handbook for UBS. The Council of Mortgage Lenders’ Handbook sets out minimum requirements for solar panel roof-space leases, and conveyancers are required to report to UBS where a lease fails to comply with these provisions. The conditions relate to the installation of panels on properties nationwide and is not isolated to Eastwood.
HSBC have agreed my mortgage in principle, my offer on a house in Eastwood has been accepted, now what?
Your estate agent will wish to be advised as to your lawyer's details (ensure that the solicitors are on the bank’s panel). Call up HSBC or your broker and finish off any relevant documentation. HSBC will instruct a valuer who will get in touch with the estate agent or seller to schedule a time for the valuation to take place. Once conducted (assuming no problems) it takes approximately ten days to get a mortgage offer. HSBC will issue the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Eastwood.
Are there restrictive covenants that are commonly identified as part of conveyancing in Eastwood?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Eastwood. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Eastwood differ for newly converted properties?
Most buyers of new build or newly converted property in Eastwood come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is built. This is because house builders in Eastwood tend to buy the site, 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 Eastwood or who has acted in the same development.
I am thinking of appointing a conveyancing lawyer in Eastwood for my house move. Can I review a solicitor's complaints history with the legal regulator?
Members of the public can see presented Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Visit Check a solicitor's record. For information Pre 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The regulator could monitor telephone calls for training purposes.
I am just shy of a 10% deposit on my apartment purchase in Eastwood , but I am keen proceed. Do I have options?
One option is to try and agree a lesser deposit. Most property owners will agree to a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment