My wife and I have recently appointed a conveyancing solicitor in Hornsea. I need to find out whether they are accepted on the Coventry Building Society conveyancing panel. Could you assist?
The first thing to do is phone the solicitor and enquire if they can act for the lender. Alternatively you should get in touch with Coventry Building Society who may be able to help.
We are buying a house in Hornsea. I might seem paranoid but how we can trust a solicitor? On the day of competition we will need to put money into their account. What is the protection we have from them run away with our money?
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.
We had chosen solicitors based in Hornsea on the RBS solicitor panel. They are now charging me an additional charge for dealing with the RBS mortgage. Is this an additional conveyancing fee specified by RBS?
As unfair as it may appear, as long as it’s in their Terms and Conditions or estimate then yes your lawyer is entitled to levy a fee for this. The charge is not set by RBS but by your Hornsea conveyancer. Numerous firms on the RBS panel will charge ’dealing with mortgage’ fee and others do not.
I have paid off my mortgage with Barclays. I assume I don't need a Hornsea solicitor on the Barclays panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
Various online forums that I have visited warn that are the number one cause of delay in Hornsea house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays in the conveyancing process. Searches are not likely to be the root cause of delay in conveyancing in Hornsea.
How does conveyancing in Hornsea differ for newly converted properties?
Most buyers of new build property in Hornsea contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because builders in Hornsea 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 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 Hornsea or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Hornsea ahead of instructing solicitors. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies may refuse to give a loan on such a house.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. If you e-mail us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hornsea. Conveyancing will be smoother if you use a solicitor in Hornsea especially if they are accustomed to such properties in Hornsea.
I was pointed in your direction by a few estate agents in Hornsea to find a solicitor using your seach tool. What’s the financial advantage for Estate Agents to offer your services over another?
We refuse to give any commission for directing people to this site. We found it would be just too difficult to pay a commission as home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.