I have been referred to a conveyancing solicitor in Montpelier. I I would like to check if they are accepted on the Nottingham Building Society conveyancing panel. Can you advise?
The first thing to do is call the lawyer and ask them whether they are on the lender panel. Alternatively please call Nottingham Building Society who may be able to assist.
We expect to receive a OIP from Bank of Ireland this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Bank of Ireland recommend any Montpelier solicitors on the Bank of Ireland conveyancing panel, or is it better to go independently?
You will need to appoint Montpelier solicitors independently although you'll need to choose one on the Bank of Ireland conveyancing panel. The solicitor represents both you and Bank of Ireland through the process.
I recently had an offer accepted on a house in Montpelier. My mortgage broker suggested a conveyancing practitioner. I paid an on account payment of £200. A few days later, the conveyancing practitioner contacted me to say that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
RBS have agreed my home loan in principle, my bid on a apartment in Montpelier has been accepted, what happens next?
Your estate agent will want to be informed of your conveyancing practitioner's details (ensure that the conveyancing practitioners are on the bank’s panel). Telephone RBS or the financial adviser and complete any appropriate forms. RBS will appoint a valuer who will get in contact with the estate agent or seller to schedule a slot for the valuation to happen. Once conducted (assuming no problems) it takes on average ten days to receive the mortgage offer. RBS will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Montpelier.
2 months have elapsed since my purchase conveyancing in Montpelier took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Montpelier differ for new build properties?
Most buyers of new build residence in Montpelier approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is finished. This is because house builders in Montpelier tend to buy the real estate, 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 property lawyers 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 used to new build conveyancing in Montpelier or who has acted in the same development.
Am I best advised to appoint a Montpelier conveyancing lawyer who is local to the property I am hoping to buy? We have a good friend who can perform the legal formalities however they are based approximately 350miles away.
The benefit of a high street Montpelier conveyancing firm is that you can pop in to execute paperwork, deliver your identification documents and apply pressure on them if necessary. They will also have local insight which is a bonus. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and the majority were impressed that must trump using an unknown Montpelier conveyancing lawyer just because they are based in the area.