Do banks and building societies provide you with an approved list of Plymouth conveyancing solicitors? How do you know who is on the Nottingham conveyancing panel?
Plymouth conveyancing firms themselves provide us confirmation that they are on the Nottingham conveyancing panel as opposed to being supplied with a list from Nottingham directly.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Plymouth?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Plymouth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Plymouth differ for newly converted properties?
Most buyers of new build premises in Plymouth come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is built. This is because developers in Plymouth tend to acquire the land, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Plymouth or who has acted in the same development.
I opted to have a survey completed on a property in Plymouth before retaining conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor has said that some lenders tend not grant a mortgage on a flying freehold home.
It varies from the lender to lender. Santander has different requirements from Halifax. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Plymouth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Plymouth to see if the conveyancing costs will increase in light of this.
Myself and my fiance have recently had an offer agreed on a apartment and had an appointment on Monday with Nationwide for the mortgage. They warned us that when it comes to choosing a lawyer that unless they are on their approved panel of conveyancers then we will be subject to an an additional charge of £200. This is because they will then have to appoint a solicitor to act for them in addition to the one we select on our behalf and we will be on the hook for their costs. I have requested Nationwide to send me with a list so I can request estimates only from their approved lawyers but was told they dont have such a list to hand over. Is there a list online?
You can enquire of Nationwide what their panel criteria is for a solicitor.Thereafter ask the conveyancing practitioner of your choice whether they meet the criteria and have they acted on mortgages for Nationwide historically. If the answer to those is yes, then just double check with Nationwide. Alternatively please use our search facility and we should be able to locate a conveyancing practitioner in Plymouth on the approved list for Nationwide.