I plan on buying residence in Wennington. My Solicitor is not listed on the bank conveyancing panel. Can I still retain my Wennington conveyancing solicitor notwithstanding that they are excluded from the bank list of approved lawyers?
You have numerous choices available to you here
- Complete the purchase with your preferred Wennington lawyer but your mortgage company will need to use a property lawyer on their conveyancing panel. This will result in additional cost and likely frustration.
- Choose a fresh conveyancer to act in the purchase, ensuring that they are on the lender conveyancing panel.
- Convince your lawyer to pull out all the stops to get listed on the lender’s conveyancing panel
Do the conveyancing lawyers identified via your search tool carry out conveyancing in Wennington by way of an attended exchange?
We do have a number of conveyancing experts carrying out 24hr exchanges. You should call us to secure a conveyancing quote and details as to availability.
Various online forums that I have come across warn that are the primary cause of obstruction in Wennington house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Wennington.
I'm converting the mortgage on my primary property to a BTL mortgage with Barclays Direct and I will use the ballance of the raised equity as a deposit on further property. The area we are looking at is Wennington. Will your lawyers be able to act for the two banks and link together the transactions?
Do use our comparison tool on this page to ensure that the conveyancers are approved by both banks. Having checked that they are your conveyancer should be able to tie up the two deals but you should have a chat with you solicitor and specify your desired outcome and needs.
I have been sourcing a conveyancing solicitor in Wennington for my purchase. Can I check a solicitor's record with the profession’s regulator?
Anyone can see published Solicitor Regulator Association (SRA) determinations stemming from investigations started on or after 1 January 2008. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training purposes.
I own a leasehold flat in Wennington. Conveyancing was completed in 2009. I have read on a number of consumer forums that I should not let the the remaining lease term to fall too short. What is the reasoning?
Wennington leasehold properties are for a fixed term - often 99 years when they commenced. However a significant appartments in Wennington were built or converted in the 60’s and so these leases now have less than eighty years remaining. That may sound like a long time but Banks, Building Societies and other mortgage lenders tend to require leases to have a minimum of seventy five years remaining to be mortgageable. Accordingly when you come to sell the property you will need a lease extension if you are getting close to 75 years. To increase your property value you should be considering whether or not to extend your lease well in advance of selling the property. There are also strong financial reasons to taking action before the lease reaches even eighty years as when the lease falls below 80 years the premium to be paid to extend starts to increase.