I am obtaining a offer of a home loan from Santander. I would like to instruct a Licensed Conveyancer in Padstow. Does the Santander Solicitor panel include conveyancers regulated by the CLC?
The Santander conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
What does my ID and proof of funds have anything to do with my conveyancing in Padstow? What am I being asked for?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the identification documents of the person or body they are dealing with before they can accept their conveyancing instruction. The Terms of Engagement that you are required to sign will no doubt stipulate this. Your lender will also require certain documents to be checked. If you are unwilling to supply ID verification documents, your lawyer would not be able to act for you.
I am considering applying for a Lloyds mortgage for purchase of a new build (under development) in Padstow with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Lloyds ?
In theory, you could use a solicitor that is not on the Lloyds conveyancing panel, but Lloyds 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.
We are aiming to move house in December. Does my conveyancing solicitor update the removal company on the day of completion. Incidentally, can you put forward a removal company in Padstow. Conveyancing solicitor was organised before I stumbled across your website.
On the day of completion you will need to collect the house keys from the property agent however this can only be done when the vendors lawyers inform the agent that they acknowledge receipt of the completion payment and the keys can be passed over. You should inform the removal company that you are ready to move in. As a matter of policy we do not suggest a particular removal organisation but can help you locate a residential property solicitor in Padstow or a legal practice with expertise in conveyancing in Padstow.
I am the only recipient of my late father’s will with all property in now in my sole name, including the my former home in Padstow. Conveyancing formalities meant that the Land Registry date was in October. I plan to dispose of the house. I do know about the CML 6 month 'rule', meaning my property ownership could be regarded the same way as if I'd bought the property in October. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. Some banks would take a pragmatic view as this requirement is primarily there to capture the purchase and immediately sell or the quick reselling of properties.
Intending to buy a maisonette in Padstow. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Padstow lawyer is on the Virgin Money conveyancing panel.
I opted to have a survey completed on a property in Padstow before appointing conveyancers. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some banks may not issue a mortgage on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements from Halifax. If you e-mail us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Padstow. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Padstow to see if the conveyancing costs will increase in light of this.
We're new on the property ladder - had an offer accepted, yet the estate agent has warned us that the seller will only go ahead if we appoint the agent's chosen solicitors as they are insisting on a ‘quick sale’. We would rather use a local conveyancer used to conveyancing in Padstow
We suspect that the seller is not behind this ultimatum. Should the owner desire ‘a quick sale', turning down a motivated purchaser is going to damage their objectives. Contact the owners directly and make the point that (a)you are motivated purchasers (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)however you are going to appoint your preferred Padstow conveyancing lawyers - not the ones that will earn their negotiator at the agency a introducer fee or hit his conveyancing thresholds demanded by HQ.