Are all Crediton Conveyancing Quality Solicitors on the Leeds Building Society conveyancing list of approved practices?
A selection of banks and building societies now use CQS as the kick off point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of firms.
Is it the case that all Crediton solicitors on the UBS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the UBS conveyancing panel they would need to be governed by the SRA. Some banks do permit licenced conveyancers on their panel and in such a situation the organisation would be regulated by the Council of Licensed Conveyancers.
We had selected conveyancers locally in Crediton on the Virgin Money solicitor panel. They are now charging me an additional sum for handling the Virgin Money mortgage. Is this an additional conveyancing fee specified by Virgin Money?
Unfortunately, so long as it is in their Terms of Engagement or estimate then yes your lawyer may levy a fee for this. The charge is not dictated by Virgin Money but by your Crediton solicitor. Plenty of firms on the Virgin Money panel will charge an ‘acting for lender’ fee and others do not.
I am purchasing a house and the conveyancer has identified Chancel Repair to which the property could be liable given it’s proximity to the area of such a church. He has recommended insurance. Is this really appropriate for conveyancing in Crediton
Unless a prior purchase of the property completed after 12 October 2013 you can expect conveyancing practitioners delivering conveyancing in Crediton to remain encouraging a chancel search and or insurance against a claim.
How does conveyancing in Crediton differ for new build properties?
Most buyers of new build property in Crediton come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is constructed. This is because developers in Crediton usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Crediton or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Crediton before instructing conveyancers. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some lenders tend refuse to give a loan on this type of premises.
It varies from the lender to lender. Santander has different instructions for example to Halifax. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Crediton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Crediton to see if the conveyancing costs will increase in light of this.
What is the reason for new build conveyancing in Crediton being more expensive?
Conveyancing in Crediton for recently converted or new build premises usually involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as additional queries and contractual considerations.