I am expecting a mortgage offer from Santander. I intend to use a Licensed Conveyancer in Hounslow. Does the Santander Conveyancing panel include Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am acquiring a house mortgage free in Hounslow. I have resided for the previous twelve years in Hounslow. Conveyancing searches are expensive. As I have knowledge of the area and road intimately must I have all the conveyancing searches?
Provided that you do not need a mortgage, then all but one or two of the Hounslow conveyancing searches are at your discretion. Your lawyer will 'advise', perhaps strongly, that you should have searches completed, but he has a professional duty to take that path of encouragement . Do bear in mind; if you are intend to dispose of the house one day, it could be of importance to your future buyer what the searches determine. Sometimes houses with day to day issues can still throw up unpredicted search results. A good conveyancing solicitor in Hounslow will be able to give you some constructive advice in this regard.
My Solicitor in Hounslow is not listed on the Barnsley Building Society Solicitor Panel. Is it possible for me to retain my prefered solicitor even though they are not on the Barnsley Building Society panel of approved conveyancing solicitors?
The limited options open to you here include:
- Complete the purchase with your existing Hounslow lawyers but Barnsley Building Society will need to use a lawyer on their panel. This will inevitably rack up the overall legal charges as well as result in delays.
- Find an alternative practitioner to act in the conveyancing, obviously checking they are Barnsley Building Society approved.
- Persuade your Barnsley Building Society based solicitor to seek to join the Barnsley Building Society panel
The mortgage over my property is with Skipton for my property in Hounslow. Conveyancing has been completed some time ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Skipton?
You must advise Skipton in advance of letting out your property as this is likely to be a breach of Skipton’s mortgage conditions. It may be that Skipton will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Skipton directly. It should not be necessary to do this via a Skipton conveyancing panel solicitor.
My offer was accepted on a property in Hounslow on 4/6/2024, valuation was booked 3 days later, all came back fine. Conveyancer appointed, so all that was missing was my mortgage offer. Having made daily calls to Yorkshire BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Yorkshire BS conveyancing panel. Are Yorkshire BS entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Yorkshire BS to deal with your lawyer's application to be on the Yorkshire BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Aldermore have agreed my mortgage in principle, my bid on a house in Hounslow has been agreed to, what are the next steps?
The property agent will wish to know who your solicitors are (ensure that the conveyancers are on the lender’s approved list). Call up Aldermore or the broker and finish off any relevant documentation. Aldermore will instruct a valuer who will get in touch with the selling agent or vendor to schedule a time for the valuation to take place. Once conducted (assuming no problems) it takes approximately a week to get a mortgage offer. Aldermore will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Hounslow.
Hoping to buy a property located in Hounslow and I am already nervous. I couldn't find anything specific about Hounslow. Conveyancing will be needed in due course but do you know about the Hounslow area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hounslow. In the meantime here are some basic statistics that we found
Do I stop my mortgage payments with UBS as soon as a completion date for my sale in Hounslow has been agreed?
You are best advised to keep meeting any mortgage payments to UBS until the mortgage is repaid out of the proceeds of sale as part of your Hounslow conveyancing.