It has taken forever and a day but a loan agreement from NatWest for the remortgage of my 3 room flat is expected imminently. Are you able to recommend a low cost conveyancing practitioner in Ackworth?
This site is not designed to assist those in their quest for cut-price fees for conveyancing solicitors in Ackworth. Our aim is to provide value for money conveyancing but we do not aim to advertise as being the cheapest. Avoid the trap of appointing brokers teasing you with ninety nine pound conveyancing in Ackworth. At best, in choosing a lawyer for cheap conveyancing, you will get your money’s worth and at worst it will result in you with a hefty uplift in additional fees and still not get the service you were hoping for.
We are selling our house in Ackworth. Does the lawyer have to be on the Coventry BS conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Coventry BS 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.
I am expecting a AIP from HSBC this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do HSBC recommend any Ackworth solicitors on the HSBC conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Ackworth solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
I had an offer accepted on a house in Ackworth on 4/11/2024, valuation was booked 3 days after, all came back fine. Property lawyer instructed, so all that was missing was my mortgage offer. Having made daily calls to UBS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the UBS conveyancing panel. Are UBS entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
My sealed bid on a semi in Ackworth has been agreed to, but there is a chain. The vendors have put an offer on somewhere, but it’s not yet tied up, and have viewings of other properties booked. I have selected a nearby conveyancing solicitor in Ackworth. What do I do now? At what stage do I apply for the mortgage with Principality?
It is usual to have concerns where there is a chain as you are unlikely to want to incur costs too early (home loan application is approx one thousand pounds, then valuation, Ackworth conveyancing search fees, etc). The first course of action is to check that your property lawyer is on the Principality approved list. As to the next steps this very much dictated by the uniqueness of your transaction, desire for this property and on the state of the market. During a hot market the majority of purchasers would apply for the mortgage with Principality and arrange for the valuation and only if it comes back ok would they request their property lawyer to press on with searches.
In my capacity as executor for the estate of my grandfather I am selling a residence in Cardiff but reside in Ackworth. My lawyer (based 300 kilometers from merequires that I execute a stat dec prior to the transaction finalising. Can you recommend a conveyancing lawyer in Ackworth who can attest this legal document for me?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are based in Ackworth
Our solicitor in Ackworth has identified a a legal deficiency with the lease for the property we are buying in Ackworth. The other side have suggested title insurance as a solution. We are content with insurance and will cover the costs. Our solicitor says that as he is on the bank conveyancing panel he must ensure that the lender is happy with this solution. Are we the client or is the bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank are the client. A precondition to being on the mortgage company approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will the lease so that the mortgage company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.