My mortgage broker has asked me for my Osterley Park law firm’s panel member for the Santander conveyancing panel. Can you suggest how I discover this. I have e-mailed my local Osterley Park branch but they cant find it on their system.
You are best placed to get this information from your Osterley Park conveyancer . They keep a central record lender panel numbers.
My wife and I are at the point of looking at apartments in Osterley Park and I am now considering a potential offer. Is it sensible to have my property lawyer on ‘stand by’? I will be getting a mortgage with Coventry BS.
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are taking out a mortgage with Coventry BS, make sure you remember to check that your lawyer is on the Coventry BS conveyancing panel.
After much negotiation I have agreed a price on an apartment in Osterley Park. My financial adviser suggested a conveyancing practitioner. I paid an upfront payment of £225. Not long after, the conveyancer called me embarrassingly acknowledging that they were not on the RBS 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 RBS 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.
Barclays have agreed my home loan in principle, my bid on a property in Osterley Park has been agreed to, what are the next steps?
The property agent will wish to be informed of your lawyer's details (ensure that the lawyers are on the lender’s approved list). Call up Barclays or the broker and finish off any relevant documentation. Barclays will appoint a valuer who will get in touch with the estate agent or seller to arrange a time for the valuation to happen. Once carried out (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. Barclays will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Osterley Park.
How does conveyancing in Osterley Park differ for new build properties?
Most buyers of new build or newly converted property in Osterley Park come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Osterley Park tend to 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 property lawyers 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 used to new build conveyancing in Osterley Park or who has acted in the same development.
I decided to have a survey completed on a house in Osterley Park in advance of appointing lawyers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some banks may not issue a loan on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. If you e-mail us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Osterley Park. Conveyancing may be slightly more expensive based on your lender's requirements.
How easy is it to use your search facility to get a quote from a conveyancing lawyer in Osterley Park on the authorised to act for my mortgage?
1st select a mortgage company such as Lloyds TSB Bank, Skipton Building Society or TSB then choose your preferred area such as Osterley Park. Conveyancing practices in Osterley Park and further afield will then be shown.
I today plan to offer on a house that appears to be perfect, at a great price which is making it all the more appealing. I have just found out that the title is leasehold rather than freehold. I am assuming that there are issues buying a leasehold house in Osterley Park. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the risks of buying a leasehold house in Osterley Park ?
Most houses in Osterley Park are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area can assist with the conveyancing process. it is apparent that you are buying in Osterley Park in which case you should be shopping around for a Osterley Park conveyancing solicitor and check that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as requiring the landlord’sconsent to carry out alterations. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is located on an estate. Your conveyancer will advise you fully on all the issues.