My mortgage broker has requested my Okehampton solicitor’s panel reference for the HSBC conveyancing panel. Can you suggest how I discover this. I have called my local Okehampton office but they have not got back to me yet.
The sensible thing to do is ask for this information from your Okehampton conveyancing practitioner . They should have a central record lender panel numbers.
I had a mortgage agreed in principle with TSB. Okehampton conveyancing practitioners are appointed. How long does it take for TSB to issue the offer to the conveyancer?
There is no definitive answer here. Have TSB completed the survey? Have you informed TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
We expect to receive a DIP from UBS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do UBS recommend any Okehampton solicitors on the UBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Okehampton solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
I have instructed a Okehampton conveyancing practitioner having checked that they are on the HSBC conveyancing panel. Does my lawyer arrange the survey of the property?
HSBC will need an independent valuation of the property. Your lawyer will not arrange this. Usually HSBC 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 conveyancing practitioner 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 Okehampton postcode. As you are getting a mortgage with HSBC, you could contact them to see if they have a list of approved surveyors in Okehampton.
Various internet forums that I have come across warn that are the primary cause of obstruction in Okehampton house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Okehampton.
I opted to have a survey done on a house in Okehampton prior to retaining lawyers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders may refuse to issue a mortgage on this type of premises.
It varies from the lender to lender. Santander has different instructions for example to Halifax. Should you wish to telephone us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Okehampton. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing solicitor for remortgage conveyancing in Okehampton. I happened to land on a site which seems to have the ideal answer If there is a chance to get all the legals done via phone that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Am in the process of purchasing my first home in Okehampton. Conveyancing practitioner has been instructed. The financial consultant advised that a survey is not appropriate as the house was only constructed in 2002.
As the bare minimum you need a Home Buyer's Report. As the premises was constructed more than a decade ago 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 problems a Home Buyer's report could be sufficient. The report should highlight any obvious problems and suggest further investigation where relevant. If there are any indications of problems seek a comprehensive Building Survey from the beginning.