Can conveyancing in West Barnes to be completed in less than two weeks?
Where you are under time constraints for your conveyancing it is advisable to make sure that your solicitor is familiar with the location as they will have local relationships and knowledge. It is possible that they could have handled previoushomes in the same neighbourhood. You would be best advised to use a West Barnes conveyancing solicitor. Second, check that the conveyancing firm is on the on the approved list for your mortgage company. It is said that just under twenty per cent of West Barnes conveyancing transactions are delayed or derailed after discovering a buyer’s conveyancer was not on their banks panel. In many cases this discovery resulted in the home move being held up by almost three weeks. It is estimated that this issue affects in the region of 100,000 home sales annually. Many West Barnes conveyancing practices can not represent certain banks so do check as early as possible.
Finally the sale completed on my house in West Barnes last June but my buyer keeps Skype messaging daily to say his lawyer needs to hear from mine. What are the post completion sale legalities now that I have sold?
Following your house sale your solicitor is obliged to deliver the transfer documentation and all additional paperwork to the purchaser's lawyers. Where appropriate, your lawyer should also evidence that the home loan has been repaid to the purchasers solicitors. There are no post completion formalities unique to conveyancing in West Barnes.
We are selling our home in West Barnes. Will my solicitor need to be on the UBS conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the UBS 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.
Is it the case that all West Barnes solicitor practices on the TSB conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the TSB approved list of solicitors they would need to be governed by the SRA. The majority of mortgage companies do permit licenced conveyancers on their panel in which case such firms would be overseen by the CLC.
I am purchasing a property in West Barnes. A rare aspect is that the roof has a solar panel. Nottingham have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Nottingham your lawyer must follow the conveyancing requirements set out in Section 2 of UK Finance Lenders’ Handbook for Nottingham. The Council of Mortgage Lenders’ Handbook sets out minimum specifications for solar panel roof-space leases, and property lawyers are required to report to Nottingham where a lease fails to satisfy these provisions. The requirements relate to the installation of panels on properties countrywide and is not isolated to West Barnes.
I currently have a mortgage with Aldermore for my property in West Barnes. Conveyancing was finalised some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Aldermore?
Aldermore must be informed of your intention prior to letting out your property as this is likely to be a breach of Aldermore’s mortgage conditions. It may be that Aldermore 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 Aldermore directly. It should not be necessary to do this via a Aldermore conveyancing panel solicitor.
I have recentlydiscovered that Wolstenholmes have been shut down. They carried out my conveyancing in West Barnes for a purchase of a leasehold flat 10 months ago. How can I establish that the property is not still registered in the name of the former proprietor?
The quickest way to see if the property is registered to you, 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 West Barnes conveyancing specialists.
Is it possible to switch solicitor as I have to instruct one who is on the The Mortgage Works conveyancing panel. I had appointed a local conveyancing solicitor in West Barnes five minutes from me but the firm is not accepted by The Mortgage Works
We will our best to assist in finding you a conveyancing solicitor in West Barnes on the The Mortgage Works panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in West Barnes. Using search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in West Barnes.