My wife and I are planning to buy a house in Machen and have instructed a Machen conveyancing practice. Within the last couple of days our lawyer 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 advise us that there is now an issue as our Machen lawyer is not on their approved list of lawyers. Please explain?
When purchasing a property with mortgage finance it is normal for the purchasers' solicitors to also represent 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 Quality Scheme. Your property lawyer 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 bank's conveyancing panel as you are at liberty to use your preferred Machen lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
My friend advised me that if I am purchasing in Machen I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Machen conveyancing searches. It is a large report of more than thirty pages, listing and setting out significant information about Machen around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Machen Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful data concerning Machen.
I have recentlybecome aware that Stirling Law have closed. They conducted my conveyancing in Machen for a purchase of a leasehold apartment 12 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest way to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Machen conveyancing specialists.
I decided to have a survey carried out on a house in Machen in advance of instructing conveyancers. I have been advised that there is a flying freehold element to the property. My surveyor advised that some banks may not give a mortgage on such a house.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you contact us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Machen. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Machen to see if the conveyancing will be more expensive.
I'm remortgaging my existing property to a BTL mortgage with Godiva Mortgages Ltd and intend to use the remaining equity as a down payment on another house. The location we are talking about is Machen. Will your conveyancers be able to act for both sets of banks and tie in the conveyances?
Make use of our comparison tool on this site to be sure that the lawyers are on the appropriate lender panels. Assuming that they are the lawyer should be able to connect the two deals but you should have a chat with you solicitor and make apparent your expectations and requirements.
My husband and I are 3 weeks into a leasehold purchase having been recommend to a firm by the high street agent to handle our conveyancing in Machen. We are not happy. Can you you assist me in finding new solicitors?
A conveyancer would need to be very bad in order to consider diss instructing them. Has the loan offer been issued? In the event that it has you must inform them of the new contact details and ensure the loan are re-issued. Your solicitor ideally should be on the mortgage company approved list to avoid escalating costs and frustration. So that should be your starting point. Our search tool will help you find a bank approved lawyer for your conveyancing in Machen