I am acquiring a flat in High Holborn. My property lawyer is not listed on the lender approved panel. Am I still permitted to appoint my High Holborn conveyancing solicitor notwithstanding that they are excluded from the bank panel of approved conveyancing solicitors?
One must use a conveyancer to complete the legal work required when you require a mortgage to buy your home. They will conduct all the appropriate legal checks on the property, ensuring that you will be properly registered as the owner and ensure that all the necessary mortgage paperwork is dealt with. You may select a High Holborn lawyer of your choosing. Nevertheless, where the property lawyer appointed is not on the lender approved list supplemental charges will arise as separate legal representation will be required by them. Conveyancing panel applications can be submitted, so provided your solicitor has not in the past applied for membership they can do so.
I can not fathom if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local High Holborn bank branch on various occasions and was told it wasn't a problem and they would lend. My High Holborn conveyancing solicitor - who is on the bank conveyancing panel- called to say that they refuse to lend based on their specific requirements. Who do I believe?
Provided that the conveyancing practitioner is on the bank approved list, they must comply with the CML Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I recently had an offer agreed on an apartment in High Holborn. My mortgage broker pressured me to appoint their conveyancer. I paid an advanced payment of £200. Not long after, the lawyer contacted me embarrassingly acknowledging that they were not on the Santander conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Santander panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
About to purchase house in High Holborn. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Barclays 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 High Holborn conveyancing practitioner is on the Barclays conveyancing panel.
I have todaybeen informed that Stirling Law have closed. They conducted my conveyancing in High Holborn for a purchase of a freehold house 9 months ago. How can I check that my home is in my name in the name of the former proprietor?
The quickest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of High Holborn conveyancing specialists.
How does conveyancing in High Holborn differ for newly converted properties?
Most buyers of new build residence in High Holborn come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is built. This is because developers in High Holborn usually purchase 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 conveyancing solicitors 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 High Holborn or who has acted in the same development.
As co-executor for the estate of my grandfather I am selling a property in Cardiff but live in High Holborn. My lawyer (based 260 miles from mehas requested that I sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing practitioner in High Holborn who can witness this legal document for me?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are High Holborn based
What is the average legal costs for conveyancing in High Holborn?
The average cost in 2014 for conveyancing in High Holborn was just over one thousand four hundred and fifty pounds excluding Stamp Duty and Land Registry fees.