Some advice if I may. My St Neots conveyancer is informing me me that she is duty bound toconduct St Neots conveyancing searches becausethe firm are on the Santanderconveyancing panel. Is my conveyancer correct?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a bank your property lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook conditions . Even if you were a cash buyer you would be ill advised not to carry out St Neots conveyancing searches.
I am purchasing a terraced house in St Neots. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in St Neots you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in St Neots.
Is there a list of Barclays panel solicitors in St Neots on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. Very few mortgage companies make their panel listings available online. If you are in need of a St Neots solicitor on the Barclays please use our tool.
Planning on purchasing a flat in St Neots. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nottingham 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 St Neots property lawyer is on the Nottingham conveyancing panel.
Yorkshire BS have agreed my mortgage in principle, my bid on a flat in St Neots has been accepted, what happens next?
The estate agent will wish to know who your solicitors are (ensure that the property lawyers are on the lender’s approved list). Contact Yorkshire BS or your broker and finish off any appropriate forms. Yorkshire BS will instruct a valuer who will get in touch with the estate agent or owners to arrange a time for the valuation to take place. Once conducted (assuming no problems) it takes on average a week to get a mortgage offer. Yorkshire BS will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in St Neots.
Is it necessary to take out insurance to address the risk of chancel repairs when buying a property in St Neots?
Unless a prior acquisition of the premises took place post 12 October 2013 you can expect conveyancing practitioners delivering conveyancing in St Neots to continue to suggest a chancel search and or insurance against a claim.
The deeds to our home are lost. The conveyancers who did the conveyancing in St Neots 10 years ago no longer exist. What are my options?
Assuming you have a registered title the information relating to your ownership will be documented by HMLR with a Title Number. It is easy to perform a search at the Land Registry, locate your property and order up to date copies of the property title for less than a fiver. Where the title is Leasehold then the Land Registry will also normally hold a file duplicate of the Registered Lease and again, a copy can be retrieved for twenty pounds.
I'm converting the mortgage on my primary house to a BTL mortgage with Yorkshire Building Society and intend to use the remaining equity as a down payment on another house. The location we are talking about is St Neots. Will your conveyancers be able to act for the two lenders and link together the transactions?
Make use of our search tool on this page to check that the conveyancers are on the relevant lender panels. Having checked that they are the conveyancer will be able to tie up the two transactions but you should talk with you solicitor and communicate your desired outcome and requirements.