Having been told to check out your service we were going to use a conveyancing solicitor in Northwood recommended on your site but have come across alternative costs illustrations via the web seem cheaper – why is this?
One can find numerous conveyancing organisations advertising supposedly £99 conveyancing, unfortunately it’s common in such cases for extracharges result in the closing fee totally different to the one you expected. According to the Legal Ombudsman charges contained in terms and conditions should be honest and reasonable invoiced The conveyancers that we list for conveyancing in Northwood genuinely set out all legal fees for a residential conveyancing matter.
Is there a list of Kent Reliance panel solicitors in Northwood on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings open the public online. Where you are in need of a Northwood lawyer on the Kent Reliance please make the most of our tool.
We have a mortgage agreed in principle with Bank of Ireland. Northwood conveyancing practitioners were instructed. How long does it take for Bank of Ireland to forward the offer to the conveyancer?
Some lenders take longer than others. Have Bank of Ireland completed the survey? Have you advised Bank of Ireland as to your lawyers' details and checked that your lawyers are on the Bank of Ireland conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I recently had an offer agreed on a house in Northwood. My financial adviser recommended their conveyancers. I paid an upfront payment of £175. A couple of days later, the conveyancer called me embarrassingly acknowledging that they were not on the Bank of Ireland 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 Bank of Ireland 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.
Are there restrictive covenants that are commonly identified during conveyancing in Northwood?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Northwood. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Northwood differ for newly converted properties?
Most buyers of new build or newly converted property in Northwood approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is finished. This is because developers in Northwood 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 conveyancers 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 Northwood or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Northwood before appointing solicitors. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies may not grant a loan on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. Should you wish to call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Northwood. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Northwood to see if the conveyancing will be more expensive.
I'm refinancing my primary house to a buy to let mortgage with Accord Mortgages Ltd and I will use the rest of the raised equity as a down payment on another property. The neighborhood we are interested in is Northwood. Will your solicitors be able to act for the two lenders and tie in the two deals?
Make use of our comparison tool on this site to ensure that the solicitors are on the appropriate lender panels. Assuming that they are your conveyancer will be able to simultaneously deal with the two transactions but you should talk with you conveyancer and make clear your expectations and requirements.