I am considering applying for a TSB mortgage for purchase of a new build (under development) in Midsomer Norton with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for TSB ?
In theory, you could use a solicitor that is not on the TSB conveyancing panel, but TSB would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Have just purchased a probate house at auction in Midsomer Norton. Conveyancing is necessary. What is next?
Given that you have now exchanged you will need to hire the services of a conveyancing solicitor quickly as you now have a tight a fixed date to complete the deal. Every auction property should have an associated auction set of papers. This will likely include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the auction pack may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You must give this to your appointed conveyancing solicitor ASAP. You also need to ensure that your finances are in order to complete the transaction on the set completion date.
When it comes to lenders such as Co-operative, do Midsomer Norton conveyancing practitioners incur a yearly amount to be on the list of approved solicitors?
We are not aware of any bank fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
Our sealed bid on a property in Midsomer Norton has been accepted, but there is a chain. The vendors have offered on a property, however it’s not yet agreed to, and have viewings of other flats in the pipeline. I have selected a local conveyancing solicitor in Midsomer Norton. What do I do now? At what stage should I apply for the mortgage with Nationwide?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur expenses too early (home loan application is in the region of £1k, then survey, Midsomer Norton conveyancing search charges, etc). The first thing to do is check that your conveyancer is on the Nationwide approved list. Regarding the next stages this very much dictated by the uniqueness of your transaction, motivation for the property and on the state of the market. In a hot market many buyers would apply for a home loan with Nationwide and pay for the valuation and only if it comes back ok would they request their solicitor to proceed with the conveyancing in Midsomer Norton.
What will a local search tell me regarding the property my wife and I purchasing in Midsomer Norton?
Midsomer Norton conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company for example Onsearch The local search plays an important role in most Midsomer Norton conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your new home. The search will reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
The deeds to my house can not be found. The solicitors who handled the conveyancing in Midsomer Norton 10 years ago are no longer around. What do I do?
These day there are copies made of almost everything, and your lawyer should know exactly where to locate all the suitable documentation so you may buy or sell your house without a hitch. Where duplicates can’t be found, your solicitor may be able to put in place insurance or indemnities protecting you against future claims on your premises.
Due to the input of my in-laws I had a survey completed on a property in Midsomer Norton prior to instructing solicitors. I have been advised that there is a flying freehold element to the property. My surveyor has said that some lenders tend not give a loan on such a premises.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Midsomer Norton. Conveyancing will be smoother if you use a solicitor in Midsomer Norton especially if they are acquainted with such properties in Midsomer Norton.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the bank conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.