My partner and I are looking to purchase a house in Snaresbrook and are in fact using a Snaresbrook conveyancing practice. Within the last couple of days our property lawyer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Coventry Building Society have this morning contacted us to inform me that they have now hit a problem as our Snaresbrook conveyancer is not on their approved list of lawyers. Please explain?
If you are buying a property needing a mortgage it is usual for the purchasers' lawyers to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the bank's conveyancing panel as you are at liberty to use your preferred Snaresbrook lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
We are looking to buy a property and need a conveyancing solicitor in Snaresbrook who is on the HSBC conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for HSBC . We don't recommend any particular firms conducting conveyancing in Snaresbrook.
My uncle passed away 10 months ago and as sole heir and executor I was left the house in Snaresbrook. The house had a relatively small loan remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Clydesdale, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then Clydesdale will require that you use a conveyancer on the Clydesdale conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Clydesdale conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Clydesdale mortgage is registered as a charge at the Land Registry.
My stepmother informed me that in buying a property in Snaresbrook there may be a number of restrictions preventing external alterations to a property. Is this right?
We are aware of anumerous of properties in Snaresbrook which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Snaresbrook should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We previously appointed solicitors located in Snaresbrook on the RBS solicitor approved list. They are now charging me a further sum for the legal aspects of the RBS mortgage. Is this an additional conveyancing fee specified by RBS?
Unfortunately, so long as it is in their Terms of Engagement or Quote then yes your lawyer may levy a fee for this. The fee is not set by RBS but by your Snaresbrook solicitor. Numerous firms on the RBS panel will levy an ‘acting for lender’ fee and others do not.
I recently had an offer accepted on a house in Snaresbrook. My financial adviser suggested a solicitor. I paid an upfront payment of £150. Not long after, the solicitor called me embarrassingly acknowledging that they were not on the Lloyds 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 Lloyds 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.
How does conveyancing in Snaresbrook differ for new build properties?
Most buyers of new build or newly converted property in Snaresbrook come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is completed. This is because builders in Snaresbrook typically 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 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 Snaresbrook or who has acted in the same development.
What does commercial conveyancing in Snaresbrook cover?
Commercial conveyancing in Snaresbrook incorporates a wide array of services, supplied by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.