Much to our surprise we have been told by our broker that my Lingfield lawyer is not on the bank Conveyancing panel. What can I do to be sure whether this is correct?
Your first step should be to call your Lingfield lawyer directly. You lawyer should advise you of the situation. Where they are not on the panel they may recommend you to a Lingfield conveyancing practice that is on the conveyancing panel for your lender.
I am considering applying for a HSBC mortgage for purchase of a newly converted (under development) in Lingfield with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for HSBC ?
There is nothing to stop you using your solicitor, but HSBC will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Me and my partner are purchasing a flat in Lingfield. It might be a silly question but how we can trust a lawyer? On completion day we will need to deposit our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I currently have a mortgage with Bank of Ireland for my property in Lingfield. Conveyancing has been completed months 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 Bank of Ireland?
You must advise Bank of Ireland before letting out your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. It may be that Bank of Ireland will permit you to let 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 Bank of Ireland directly. You need not do this via a Bank of Ireland conveyancing panel firm.
Aldermore have agreed my home loan in principle, my offer on a property in Lingfield has been agreed to, what happens next?
The property agent will want to know who your solicitors are (ensure that the property lawyers are on the bank’s approved list). Call up Aldermore or the financial adviser and finalise any outstanding paperwork. Aldermore will sellect a valuer who will get in contact with the estate agent or vendor to arrange a slot for the valuation to happen. Once carried out (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Aldermore will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Lingfield.
We are buying a property and the conveyancer has referenced Chancel Repair for which the property may be obligated to contribute to given it’s proximity to the area of such a church. She has mentioned insurance. Is this really required for conveyancing in Lingfield
Unless a prior purchase of the premises took place after 12 October 2013 you may expect lawyers conducting conveyancing in Lingfield to remain recommending a chancel search and or insurance against a claim.
My business partner and I are looking to lease a unit on a shopping parade. Can you recommend solicitors offering no-move-no charges for non-domestic conveyancing in Lingfield for less than £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Lingfield, including the sale and purchase of businesses as well as simply premises. If you are intending to purchase or sell a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right solicitor. As for the charges this will depend on the structure and heads of terms of the deal. Please provide us with your details or call so as to enable us to furnish you with a fixed commercial conveyancing quote.