Can you suggest a Norwich and Peterborough Building Society accepted Lymington conveyancing practice who can have us moved in within 28 days? Would it be better to use a local Lymington conveyancer or an internet comparison site?
We can recommend some very good Lymington conveyancing firms. Another option is to visit the high street in Lymington. Visit some well established firms and request to speak with a conveyancing solicitor for a quote. Explain your deadline together with the reasons and get a commitment on speed. Appoint the lawyer that genuine.
My fiance and I wish to acquire a 1 bedroom flat in Lymington with a homeloan from Godiva Mortgages Ltd.We use our Lymington conveyancing solicitor but Godiva Mortgages Ltd advised that his firm is not listed on their "panel". We have to appoint a Godiva Mortgages Ltd panel solicitor or keep our local solicitor and fork out for a Godiva Mortgages Ltd panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The loan issued to you is subject to its various provisions, a common one being that lawyers must be on the Godiva Mortgages Ltd approved list. Until recently, most mortgage companies had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Godiva Mortgages Ltd
Does a directory service exist listing HSBC panel solicitors in Lymington on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association sites. A small selection of lending institutions make their panel listings viewable over the internet. If you are seeking to appoint a Lymington lawyer on the HSBC please use our tool.
We have a mortgage agreed in principle with Clydesdale. Lymington conveyancing practitioners are instructed. What is the average time that one could expect to receive a mortgage offer from Clydesdale?
Some lenders take longer than others. Have Clydesdale completed the valuation? Have you informed Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
After shopping around on the internet I have found a Lymington conveyancer having checked that they are on the UBS conveyancing panel. Does my lawyer arrange the survey of the property?
UBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually UBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Lymington surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Do I need to take out insurance to protect me from financial exposure to chancel repairs when purchasing a house in Lymington?
Unless a previous acquisition of the premises took place after 12 October 2013 you could take it that solicitors carrying out conveyancing in Lymington to remain recommending a chancel search and or chancel repair liability insurance.
How does conveyancing in Lymington differ for new build properties?
Most buyers of new build premises in Lymington approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is constructed. This is because builders in Lymington typically purchase the land, 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 property lawyers 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 used to new build conveyancing in Lymington or who has acted in the same development.
My partner and I hope to acquire our first property in Lymington. Conveyancing lawyer has been instructed. The financial consultant suggested that a survey is not appropriate as the property is only 17 years old.
At the very least you should order a Home Buyer's Report. As the premises is more than ten years old the property will be without a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report may be enough. The report should highlight any obvious issues and recommend additional investigation if appropriate. Where there are any indications of problems seek a comprehensive structural survey.