We are intending to acquire a 1 bedroom flat in Burbage and Hinckley with a mortgage. We wish to retain our Burbage and Hinckley solicitor, but the lender advise he's not on their "panel". It appears that we have little option but to appoint one of the bank panel solicitors or retain our Burbage and Hinckley lawyer as well as pay for one of their panel firms to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Burbage and Hinckley conveyancing solicitor to apply to be on the conveyancing panel.
I have given 2 months notice to my existing landlord and have to be out of my let out apartment in Burbage and Hinckley by 5/2/2025. Conveyancing for my house purchase has just started. How realistic is it to complete in six weeks as I wish to avoid having to find short term accommodation?
The normal practice is not to give notice on a rental unless you have exchanged. Assuming that you have not already done so, speak to your solicitor and request that they chase the other side, try to get a realistic time scale from them that everyone will aim towards
We are due to move house in January. Does my conveyancing solicitor call the removal company on the completion day. Incidentally, can you put forward a removal company in Burbage and Hinckley. Conveyancing firm was found prior to coming across your site.
On the day of completion you can collect the house keys from the property agent but this should only happen once the previous owners lawyers inform the agent that the monies to complete are in and the keys can be passed over. After that you will need to inform the removal company that they can start moving you in. We are not in a position to suggest a specific removal organisation but can assist you in finding a conveyancing in Burbage and Hinckley or a firm with expertise in conveyancing in Burbage and Hinckley.
I can not fathom if my lender requires a lease extension. I have called into my local Burbage and Hinckley bank branch on a couple of occasions and was told it does not impact the mortgage offer and they would lend. My Burbage and Hinckley conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
The solicitor has to follow the CML Handbook section two requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I've digested plenty of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Burbage and Hinckley solicitor - who is on the Nationwide conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Nationwide will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nationwide will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Burbage and Hinckley postcode. As you are getting a mortgage with Nationwide, you could contact them to see if they have a list of approved surveyors in Burbage and Hinckley.
I have been on the look out for a leasehold apartment up to £195,000 and found one near me in Burbage and Hinckley I like with open areas and transport links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Burbage and Hinckley suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan the shortness of the lease will be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
I am thinking of appointing a conveyancing solicitor in Burbage and Hinckley for my home move. Is it possible to check a solicitor's record with the legal regulator?
Anyone may search for documented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training reasons.