I am expecting a mortgage with Nat West. I intend to instruct a Licensed Conveyancer in Newburn. Does the Nat West Solicitor panel allow for Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
I have been told that property searches are the main cause of delay in Newburn house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of delay in conveyancing in Newburn.
I own a 4 bedroom Georgian house in Newburn. Conveyancing practitioner acted for me and Platform Home Loans Ltd. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Newburn and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with your conveyancing practitioner who carried out the work.
I have been on the look out for a leasehold apartment up to £195,000 and identified one near me in Newburn I like with a park and station in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Newburn suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
Myself and my husband have just had an offer accepted on a property and had meeting on Monday with HSBC for the mortgage. They have informed me that when it comes to choosing a conveyancing practitioner that unless they are on their approved list of solicitors then we will be subject to an an additional fee of about two hundred pounds. This is is due to the fact that they will then have to select a conveyancer to act for them in addition to the one we select for ourselves and we are liable for their fees. I have requested HSBC to provide me with a list so I can obtain estimates only from their approved solicitors but was told they dont have such a list to hand over. Is there a list online?
You can enquire of HSBC what their panel criteria is for a conveyancer.Thereafter ask the solicitor of your choice whether they meet the criteria and have they acted on mortgages for HSBC historically. Where the answer to those is yes, then just clarify this with HSBC. Alternatively please use our search tool and we may be able to find you a conveyancing practitioner in Newburn on the panel for HSBC.