Do the conveyancing solicitors that you recommend conduct right to buy conveyancing in Wooler?
We work with a variety of conveyancing practitioners carrying out right to buy conveyancing work You should e-mail the solicitors listed in order to get a costs calculation.
My lawyer in Wooler is not on the Virgin Money Solicitor Panel. Is it possible for me to continue with my family solicitor notwithstanding that they are not on the Virgin Money list of approved lawyers?
The limited options open to you here include:
- Complete the purchase with your existing Wooler solicitors but Virgin Money will need to retain a solicitor on their list of acceptable firms. This will inevitably rack up the total conveyancing charges as well as result in delays.
- Choose a new lawyer to act in the conveyancing, remembering to check they are Convince your lawyer to do everything within their powers to join the Virgin Money conveyancing panel
I happen to be the only beneficiary of my late grandmother’s will and I have everything in my name alone, including the my former home in Wooler. The Wooler property was put into my name in January. I now wish to sell up. I do know about the CML six month 'rule', meaning my property ownership could be considered the same way as if I'd bought the house in January. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How sensible a view lenders take of it, depend on the bank as this obligation is primarily there to identify subsales or the flipping of property.
The formalities of my remortgage has taken place for my property in Wooler. Conveyancing was of an acceptable standard but I would like to complain about the lender. How does one go about formally complaining?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
About to purchase apartment in Wooler. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kent Reliance 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 Wooler lawyer is on the Kent Reliance conveyancing panel.
I am buying a new build house in Wooler with a loan from The Mortgage Works. The builders would not move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep suggested that I not inform my lawyer about this extras as it may adversely affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a leasehold apartment up to £305k and found one near me in Wooler I like with open areas and station in the vicinity, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Wooler in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
My conveyancers in Wooler have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with the mortgage company. Is it case that being on the bank conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the lender Conveyancing Panel Terms. It might be worth you contacting the mortgage company directly.