My financial adviser has requested my Swavesey law firm’s panel member for the Nat West conveyancing panel. Can you suggest how I discover this. I have e-mailed my local Swavesey office but they don't know it.
The sensible thing to do is ask for this information from your Swavesey solicitor . They keep a central record lender panel numbers.
My aunt passed away six months ago and as sole heir and executor I was left the house in Swavesey. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to HSBC, pay off the mortgage. Is this possible?
Where you plan to refinance then HSBC will require that you use a conveyancer on the HSBC 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 HSBC 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 HSBC mortgage is registered as a charge at the Land Registry.
Does a directory service exist listing Nationwide panel solicitors in Swavesey on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. Very few mortgage companies make their panel listings available on the web. Where you are looking for a Swavesey lawyer on the Nationwide please make the most of our tool.
Last month we had a mortgage agreed in principle with Bank of Ireland. Swavesey conveyancing practitioners have been appointed. What is the average time that one could expect to receive a mortgage offer from Bank of Ireland?
Some lenders take longer than others. Have Bank of Ireland completed the survey? Have you informed Bank of Ireland as to your lawyers' details and checked that your lawyers are on the Bank of Ireland conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
The mortgage over my property is with Clydesdale for my property in Swavesey. Conveyancing was finalised months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Clydesdale?
Clydesdale must be informed of your intention prior to letting out your property as this is likely to be a breach of Clydesdale’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Clydesdale directly. It should not be necessary to do this via a Clydesdale conveyancing panel firm.
My friend recommended that if I am purchasing in Swavesey I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Swavesey conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Swavesey around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Swavesey Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Swavesey Education with maps and statistics, Local Amenities and other useful information concerning Swavesey.
It has been four months since my purchase conveyancing in Swavesey concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the encouragement of my in-laws I had a survey completed on a house in Swavesey ahead of instructing solicitors. I have been informed that there is a flying freehold element to the house. My surveyor has said that some banks tend refuse to grant a mortgage on this type of premises.
It varies from the lender to lender. Santander has different instructions for example to Halifax. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Swavesey. Conveyancing will be smoother if you use a solicitor in Swavesey especially if they are acquainted with such properties in Swavesey.