I was told yesterday by my mortgage adviser that my Morganstown solicitor is not on the lender Solicitor panel. How can I check?
The first thing you need to do is to contact your Morganstown lawyer directly. You lawyer should inform you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
At what point will exchange of contracts happen for residential conveyancing in Morganstown and do I need to attend the lawyers office?
Where you are round the corner to one of the conveyancing solicitors in Morganstown you are welcome to attend to sign documents. However, the lender approved solicitors we recommend supply a nationwide conveyancing service and give as equally diligent and professional a job for you when dealing with you electronically. The signing of the purchase agreement is not the point of no return. A signed contract simply enables the firm to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Morganstown)to be in the office available at the end of the phone to exchange contracts.
I am helping my step-mother sell her flat in Morganstown. Does the solicitor arrange an energy assessment or should I organise this?
After the abolition of HIPs, EPC’s remained a required element of selling a house. An EPC needs to be commissioned before the property is put on the market. This is not as aspect of the sale process that law firms normally organise. If you are using a Morganstown conveyancing solicitor they might help arrange EPC’s given their contacts with reputable Morganstown assessors
My wife and I are at the point of looking at flats in Morganstown and I am about to put in an offer. Should I already have a solicitor in place at this stage? I am planning to take a home loan with Clydesdale.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. As you are getting a mortgage with Clydesdale, ask your prospective lawyers if they are on the Clydesdale conveyancing panel otherwise they can't do the mortgage legal work.
I can not work out if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Morganstown building society branch on a couple of occasions and was reassured it wasn't a problem and they would lend. My Morganstown conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your conveyancer has to comply with the Council of Mortgage Lenders’ Handbook Part 2 conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender 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 remaining.
Various internet forums that I have visited warn that are a common cause of delay in Morganstown house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in Morganstown.
I'm refinancing my current house to a buy to let loan with Bank of Scotland and I will use the rest of the raised equity as a deposit on further property. The neighborhood we are looking at is Morganstown. Will your solicitors be able to act for the two banks and link together the transactions?
Do use our comparison tool on this site to check that the solicitors are approved by both lenders. On the basis that they are the solicitor should be able to tie up the two conveyancing matters but you should talk with you lawyer and make clear your desired outcome and needs.