I am getting a mortgage offer from Lloyds. My intention is to instruct a Licensed Conveyancer in Lutterworth. Does the Lloyds Conveyancing panel include conveyancers regulated by the CLC?
The Lloyds conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My uncle passed away 10 months ago and as sole heir and executor I was left the property in Lutterworth. The house had a small mortgage left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Principality, pay off the mortgage. Is this possible?
Given you intend to re-mortgage then Principality will insist on your using a conveyancer on the Principality conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Principality conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Principality mortgage is registered as a charge at the Land Registry.
Are all Lutterworth Conveyancing Quality Solicitors on the Clydesdale conveyancing list of approved solicitors?
Some major lenders now utilise CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of firms.
I am expecting a DIP from Lloyds this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Lloyds recommend any Lutterworth solicitors on the Lloyds conveyancing panel, or is it better to go independently?
You will need to appoint Lutterworth solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
I recently had an offer accepted on an apartment in Lutterworth. My mortgage broker suggested a property lawyer. I paid an on account payment of £200. A few days later, the lawyer called me sheepishly admitting that they were not on the Lloyds 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 Lloyds 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.
I have a semi-detached Georgian property in Lutterworth. Conveyancing lawyer acted for me and The Mortgage Works. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Lutterworth and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with your conveyancing practitioner who carried out the work.
How does conveyancing in Lutterworth differ for newly converted properties?
Most buyers of new build or newly converted property in Lutterworth approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is built. This is because builders in Lutterworth tend to 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 Lutterworth or who has acted in the same development.
We are 17 days into a leasehold purchase having been referred to conveyancers by the local agent to carry out the conveyancing in Lutterworth. I am not happy. Could you help me find new conveyancers?
They would have to be very poor in order to consider changing them. Has the mortgage offer been sent? In the event that it has you will need to make them aware of the new contact details and have the mortgage documents are issued to the new lawyers. Your solicitor ideally should be on the banks approved list to avoid supplemental expenses and delays. That should be your starting point. Our search tool will help you find a bank approved solicitor for your conveyancing in Lutterworth