Are the BSA planning on creating a online directory to list law firms on the Coventry BS conveyancing panel for example in Plymstock?
We would not expect to be advised of any intention on the part of the BSA to promote such a search facility.
We have agreed to purchase a house in Plymstock. A rare aspect is that the roof has a solar panel. HSBC have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with HSBC your lawyer must comply with the conveyancing instructions outlined in Section 2 of UK Finance Lenders’ Handbook for HSBC. The CML Handbook sets out minimum specifications for solar panel roof-space leases, and solicitors are required to report to HSBC where a lease fails to satisfy these specifications. The provisions relate to the installation of panels on properties countrywide and is not restricted to Plymstock.
The formalities of my remortgage has taken place for my property in Plymstock. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
Barclays have agreed my home loan in principle, my bid on a flat in Plymstock has been accepted, what happens next?
Your property agent will wish to know who your solicitors are (be sure the conveyancing practitioners are on the bank’s approved list). Telephone Barclays or your broker and finish off any appropriate paperwork. Barclays will appoint a valuer who will get in touch with the selling agent or seller to book an appointment. Once carried out (assuming no problems) it takes about ten days to receive the mortgage offer. Barclays will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Plymstock.
How does conveyancing in Plymstock differ for newly converted properties?
Most buyers of new build property in Plymstock come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Plymstock usually buy 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 conveyancing solicitors 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 Plymstock or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a simple, no chain conveyancing. Plymstock is the location of the property. Can you shed any light on this issue?
Flying freeholds in Plymstock are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Plymstock you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Plymstock may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My husband and I are novice buyers - had an offer accepted, but the property agent informed us that the vendor will only move forward if we use the agent's preferred conveyancers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a local conveyancer used to conveyancing in Plymstock
It is improbable the owners are driving this. Should the vendor want ‘a quick sale', turning down a serious buyer is going to damage their objectives. Try to communicate with the owners directly and make sure they understand (a)you are serious purchasers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you intend to appoint your preferred Plymstock conveyancing firm - not the ones that will earn their estate agent a referral fee or hit his conveyancing figures pre-set by corporate headquarters.
I see that you have a search directory listing solicitors on the mortgage company conveyancing panel. Do Plymstock conveyancing companies pay you a referral fee if I appoint them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Plymstock.