My husband and I are planning to acquire a home in Lee On The Solent and have instructed a Lee On The Solent conveyancing practice. Within the last couple of days our solicitor has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Clydesdale have this evening contacted us to inform me that they have now hit a problem as our Lee On The Solent lawyer is not on their conveyancing panel. Please explain?
Where you are buying a property needing a mortgage it is standard for the purchasers' solicitors to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel and you may continue to use your own Lee On The Solent solicitors, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
We are purchasing a house and require a conveyancing solicitor in Lee On The Solent who is on the Santander approved panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Santander . We don't recommend any particular firms conducting conveyancing in Lee On The Solent.
A colleague advised me that where I am purchasing in Lee On The Solent I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Lee On The Solent conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Lee On The Solent around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Lee On The Solent Education with plans and statistics, Local Amenities and other useful data about Lee On The Solent.
five months have gone by following my purchase conveyancing in Lee On The Solent concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. 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 property 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.
In my capacity as executor for the estate of my father I am disposing of a residence in Monmouth but live in Lee On The Solent. My lawyer (approximately 200 miles awayneeds me to execute a stat dec prior to the transaction finalising. Can you recommend a conveyancing solicitor in Lee On The Solent to attest and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are located in Lee On The Solent
Our sealed bid on detached house in Lee On The Solent was accepted, but there is a chain. The owners have offered on a property, although it’s not been accepted yet, and are looking at other properties in the pipeline. I have chosen a local conveyancing solicitor in Lee On The Solent. What should be my next step? At what point should I apply for the mortgage with Leeds Building Society?
It is usual to have anxieties where there is an associated chain as you are unlikely to want to incur costs prematurely (mortgage application is approx one thousand pounds, then survey, Lee On The Solent conveyancing search fees, etc). The first course of action is to check that your conveyancer is on the Leeds Building Society approved list. Concerning the subsequent stages this very much depends on the specifics of your case, desire for this property and on the state of the market. During a hot market the majority of buyers would apply for the mortgage with Leeds Building Society and arrange for the survey and only if it comes back ok would they ask their solicitor to move forward with the conveyancing in Lee On The Solent.