I am selling my apartment in St Ives. Will the property lawyer have to be required to be on the HSBC conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the HSBC conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
When it comes to lenders such as Aldermore, do St Ives conveyancers have to pay a fee to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
How can we know in advance if a St Ives conveyancing solicitor on the RBS panel is any good?
When it comes to conveyancing in St Ives seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer carrying out your conveyancing.
I have decided to exercise my right to buy my property in St Ives off the council. I have a mortgage agreed with Nationwide. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nationwide, you will need to appoint a solicitor on the Nationwide conveyancing panel.
I have todaybecome aware that Arc property Solicitors have closed. They conducted my conveyancing in St Ives for a purchase of a leasehold flat 18 months ago. How can I check that the property is in my name in the name of the former proprietor?
The quickest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of St Ives conveyancing specialists.
How does conveyancing in St Ives differ for newly converted properties?
Most buyers of new build or newly converted property in St Ives approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is finished. This is because new home sellers in St Ives typically 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 St Ives or who has acted in the same development.
Is it simple use the search app to select a conveyancing practitioner in St Ives on the authorised to act for my bank?
Step one is to select a mortgage company such as Accord Mortgages Ltd, The Mortgage Works or Nottingham Building Society then type in your preferred area such as St Ives. Conveyancing practices in St Ives and further afield should be shown.
My partner and I have just had an offer agreed on a flat and had meeting on Friday with Nationwide for the mortgage. They warned us that when it comes to selecting a solicitor that if they are not on their approved panel of conveyancers then we will be subject to an a further fee of £200. This is because they would then have to instruct a property lawyer to act for them in addition to the one we choose to act on our behalf and we will be on the hook for their invoice. I have requested Nationwide to supply me with a list so I can request quotes only from their approved solicitors but was told they dont have such a list to hand over. Is there a simple way of finding out who is on a lender panel?
Ask Nationwide what their panel criteria is for a conveyancer.Thereafter ask the solicitor of your choice whether they meet the criteria and have they acted on loans for Nationwide previously. Where the answer to those is yes, then just double check with Nationwide. Another option is to utilise our search facility and we may be able to locate a conveyancer in St Ives on the approved list for Nationwide.