Me and my partner are purchasing a 1 bedroom apartment in Grahame Park with a mortgage. We have a Grahame Park conveyancer, but the lender advise she’s not on their "panel". We have to appoint one of the mortgage company panel firms or retain our Grahame Park conveyancer as well as pay for one of their panel lawyers to represent them. We feel that this is inequitable; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Grahame Park conveyancing solicitor to apply to be on the conveyancing panel.
Would the conveyancing practitioners Indexed on your site handle auction conveyancing in Grahame Park?
We know of a few auction practitioners we can connect you with those who can conduct auction conveyancing. Grahame Park is just one of the many locations in which our lawyers cover.
My wife and I are purchasing a flat in Grahame Park. It might be a silly question but how we can trust a conveyancer? At some point we will need to deposit money into their account. What protection do we have from them run away with our deposit?
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 Grahame Park. A rare aspect is that the roof has a solar panel. Virgin Money have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Virgin Money your lawyer must follow the formal requirements set out in Part 2 of UK Finance Lenders’ Handbook for Virgin Money. The Council of Mortgage Lenders’ Handbook stipulates minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to Virgin Money where a lease does not satisfy these provisions. The conditions relate to the installation of panels on properties nationwide and is not isolated to Grahame Park.
Intending to buy a house in Grahame Park. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Coventry BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Grahame Park solicitor is on the Coventry BS conveyancing panel.
I am looking for a flat up to £305k and identified one round the corner in Grahame Park I like with open areas and station nearby, however it's only got 52 remaining years left on the lease. I can't really find anything else in Grahame Park suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
How straightforward is it to use your search app to choose a conveyancing practitioner in Grahame Park on the panel for my mortgage?
1st choose a lender such as Yorkshire Building Society, Skipton Building Society or Platform Home Loans Ltd then specify your preferred area for instance Grahame Park. Conveyancing practices in Grahame Park and further afield will then be identified.
As co-executor for the will of my aunt I am selling a property in Swansea but reside in Grahame Park. My lawyer (based 235 miles from merequires that I sign a stat dec before completion. Can you recommend a conveyancing lawyer in Grahame Park to attest and place their company stamp on the document?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are based in Grahame Park