It has come to my attention via my IFA that my Eel Pie Island the law firm I have appointed is not on the lender Conveyancing panel. What can I do to be sure whether this is correct?
You need to call your Eel Pie Island conveyancer. It is reasonable to expect your lawyer to inform you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
I have an AIP. The bank mentioned the home loan came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would much rather use a local conveyancing solicitor in Eel Pie Island?
You should check but the chances are that allocate you one of their panel solicitors should you take up the "fee-free" incentive. Contact the mortgage company to see if they allow a monetary alternative. Some lenders have previously offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Eel Pie Island.
We are purchasing a apartment in Eel Pie Island. It might be a silly question but how we can trust a conveyancer? On completion day we have to send funds into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am buying a property in Eel Pie Island. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Lloyds be concerned?
Given that you are obtaining a mortgage with Lloyds your lawyer must comply with the conveyancing requirements set out in Part 2 of UK Finance Lenders’ Handbook for Lloyds. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and solicitors are required to report to Lloyds where a lease fails to satisfy these provisions. The specifications relate to the installation of panels on properties in England and Wales and is not limited to Eel Pie Island.
I am selling my apartment. I had a double glazing fitted in July 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Virgin Money are being difficult. The Eel Pie Island solicitor who is on the Virgin Money conveyancing panel is recommending indemnity insurance as a solution but Virgin Money are requiring a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?
It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
How does conveyancing in Eel Pie Island differ for newly converted properties?
Most buyers of new build property in Eel Pie Island approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is constructed. This is because builders in Eel Pie Island usually purchase 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 Eel Pie Island or who has acted in the same development.
My father has suggested that I use his conveyancers in Eel Pie Island. Do I take his advice?
Much as we are happy to recommend a Eel Pie Island conveyancing lawyer the ideal way to find a conveyancing solicitor is to seek guidance from friends or family who have used the solicitor that you are considering.
I have finally had an offer on an flat in Eel Pie Island agreed to, but there is a chain. The current proprietors have offered on a property, however it’s not yet agreed to, and are looking at other apartments booked. I have selected a nearby conveyancing solicitor in Eel Pie Island. What do I do now? When do I get the mortgage application with Co-operative going with Co-operative?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur costs too early (mortgage application is approx one thousand pounds, then survey, Eel Pie Island conveyancing search charges, etc). The first course of action is to check that your conveyancer is on the Co-operative approved list. Concerning the next stages this very much depends on the circumstances of your transaction, desire for this property and on the state of the market. In a buoyant market the majority of buyers would apply for the mortgage with Co-operative and arrange for the valuation and only if it comes back ok would they ask their lawyer to press on with searches.