We are purchasing a 3 bedroom apartment in Melton Mowbray with a mortgage. We have a Melton Mowbray lawyer, however the mortgage company advise he's not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or retain our Melton Mowbray conveyancer and pay for one of their panel firms to act for them. We regard this is inequitable; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’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 Melton Mowbray conveyancing solicitor to apply to be on the conveyancing panel.
My grandmother passed away 10 months ago and as sole heir and executor I was left the house in Melton Mowbray. The house had a relatively small loan remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Principality, pay off the mortgage. Is this allowed?
If you plan to refinance then Principality will insist on your using a conveyancer on the Principality conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Principality conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Principality mortgage is registered as a charge at the Land Registry.
We previously selected solicitors with offices in Melton Mowbray on the Coventry BS solicitor panel. They are now charging me a further charge for dealing with the Coventry BS mortgage. Is this a supplemental conveyancing fee set by Coventry BS?
Provided it is contained in their Terms of Engagement or Quote then yes your property lawyer is entitled to levy a fee for this. This fee is not set by Coventry BS but by your Melton Mowbray conveyancing practitioner. Some firms on the Coventry BS panel will quote an ‘acting for lender’ fee but plenty of practices include it on their overall fee.
We have a mortgage agreed in principle with Co-operative. Melton Mowbray conveyancing lawyers were appointed. How long does it take for Co-operative to send the offer to the solicitor?
Some lenders take longer than others. Have Co-operative conducted the valuation? Have you advised Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am buying a property in Melton Mowbray. One unusual aspect is that the roof has a solar panel. Kent Reliance have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Kent Reliance your lawyer must follow the conveyancing instructions contained in Part 2 of UK Finance Lenders’ Handbook for Kent Reliance. The CML Handbook includes minimum conditions for solar panel roof-space leases, and conveyancing practitioners are required to report to Kent Reliance where a lease does not meet these provisions. The requirements relate to the installation of panels on properties nationwide and is not limited to Melton Mowbray.
My wife and I are close to exchanging contracts on the sale of our house in Melton Mowbray and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. Any local conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed a national conveyancing firm rather than a conveyancing solicitor in Melton Mowbray. Having lived in Melton Mowbray for 5 years we know of no issue. Is it a good idea to get in touch with our local Authority to get confirmation that there is no issue.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
Are there any apps to assist me to search for a Melton Mowbray law firm on the National Westminster Bank conveyancing panel? I drive a motor bike and am prepared to travel upto 10kilometers to meet the conveyancer.
Feel free to make use of the search on this website. Please select a mortgage company and your location and you will see a number of Melton Mowbray conveyancing lawyers located nearest you. We have detailed some Melton Mowbray conveyancing firms at the bottom of this page and you can telephone them to verify if they are on the National Westminster Bank panel