I am getting a mortgage offer from Santander. I would like to retain the legal services of a Licensed Conveyancer in Melbourn. Does the Santander Solicitor panel include Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
The owners have rather pushy vendors who has recommended a exclusivity contract with a deposit 6,000. Are such agreements sensible?
Lock out agreements are contracts binding a property seller and purchaser giving the buyer a ‘clear field’ to the sale of the property within an agreed time frame. For all intents and purposes, a lock out is a document stating that you will have a contract at a later time which is the contract for the actual sale. It is generally utilised for buyer protection though in many situations, the proprietor may stand to benefit from such agreements as well. There are many positives and negatives to using them but you should to check with your conveyancer but beware that it may end up incurring extra in conveyancing fees. For this these agreements are not popular in relation to conveyancing in Melbourn.
I am the registered owner of a freehold premises in Melbourn but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Melbourn and has limited impact for conveyancing in Melbourn but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
We're in Melbourn, First timers purchasing with a mortgage (lender is Aldermore , and our lawyer is on the Aldermore conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Aldermore conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Is there a list of Clydesdale panel conveyancers in Melbourn on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association websites. A small selection of banks make their panel listings open the public over the internet. Where you are looking for a Melbourn conveyancer on the Clydesdale please use our facility.
After shopping around on the internet I have found a Melbourn 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. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Melbourn postcode. As you are getting a mortgage with UBS, you could contact them to see if they have a list of approved surveyors in Melbourn.
Our offer on a house in Melbourn has been agreed to, but there is a chain. The vendors have offered on a flat, but it’s not yet agreed to, and have viewings of other properties booked. I have chosen a nearby conveyancing solicitor in Melbourn. What should be my next step? When should I get the mortgage application with Virgin Money going?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx £1k, then valuation, Melbourn conveyancing search charges, etc). The first thing to do is check that your conveyancing practitioner is on the Virgin Money approved list. Regarding the subsequent phase this very much depends on the uniqueness of your transaction, motivation for this property and on the state of the market. During a buoyant market some buyers will apply for the mortgage with Virgin Money and pay for the valuation and only if it was satisfactory would they pay their lawyer to proceed with searches.
I have todaydiscovered that Stirling Law have closed. They carried out my conveyancing in Melbourn for a purchase of a leasehold apartment 9 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The quickest method to check if the property is in your name, 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 Melbourn conveyancing specialists.