Is it the case that all Feltwell CQS (Conveyancing Quality Scheme) solicitors are on the UBS conveyancing panel?
It is true that some lenders now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
When it comes to lenders such as Coventry BS, do Feltwell property lawyers have to pay a fee to be on the conveyancing panel?
We are unaware of any bank fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
My sealed bid on a semi in Feltwell has been agreed to, the owners do nevertheless have a dependent purchase. The sellers have offered on a property, but it’s not been accepted yet, and have viewings of other properties in the pipeline. I have instructed a high street conveyancing solicitor in Feltwell. What do I do now? At what stage do I apply for the mortgage with TSB?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx £1k, then valuation, Feltwell conveyancing search charges, etc). First, you must ensure that your lawyer is on the TSB approved list. Concerning the subsequent steps this very much dictated by the specifics of your case, desire for this property and on the state of the market. In a hot market many home buyers would apply for the mortgage with TSB and arrange for the valuation and only if it comes back ok would they request their conveyancer to proceed with the conveyancing in Feltwell.
What does a local search tell me concerning the property we're purchasing in Feltwell?
Feltwell conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company such as Searches UK The local search plays an important role in most Feltwell conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your new home. The search should reveal information on, amongst other things, details on planning applications applicable 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 13 subject areas.
It has been four months since my purchase conveyancing in Feltwell took place. I have checked the Land Registry website which shows that I paid £200,000 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 residence 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 Feltwell differ for newly converted properties?
Most buyers of new build premises in Feltwell contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is built. This is because house builders in Feltwell tend to buy 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 used to new build conveyancing in Feltwell or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one close by in Feltwell I like with open areas and transport links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Feltwell in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan that many years may be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
How do I identify a Feltwell law firm on the Platform Home Loans Ltd conveyancing panel? I have a car and am prepared to travel upto 20kilometers to meet the lawyer.
You can use the tool on this page. Please pick a mortgage company and your location and you will see a number of Feltwell conveyancing lawyers located nearest you. We have listed some Feltwell conveyancing firms at the bottom of this page and you can call them to verify if they are on the Platform Home Loans Ltd panel