I have an AIP. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would much rather instruct a Prenton based conveyancing firm?
You should check but the the likelihood is that appoint one of their panel solicitors should you accept the "fee-free" incentive. Call the lender to check if they allow a monetary alternative. Some mortgage companies have previously offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Prenton.
I'm the sole beneficiary of my late father’s estate with all property in now in my sole name, including the house in Prenton. Conveyancing formalities meant that the Land Registry date was in October. I want to move. I do know about the Mortgage Lenders six month 'rule', meaning my proprietorship may be considered the same way as if I'd bought the house in October. Will no one buy the property for half a year?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. Most mortgage companies would take a pragmatic view as this provision is principally there to capture the purchase and immediately sell or the quick reselling of properties.
We previously selected solicitors with offices in Prenton on the Nottingham solicitor approved list. They are now charging me a supplemental sum for dealing with the Nottingham mortgage. Is this a supplemental conveyancing fee set by Nottingham?
Provided it is contained in their Terms of Engagement or Quote then yes your solicitor can levy a fee for this. This fee is not dictated by Nottingham but by your Prenton conveyancer. Some firms on the Nottingham panel will quote an ‘acting for lender’ fee and others do not.
Completion of my purchase has taken place for my property in Prenton. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Are there restrictive covenants that are commonly picked up during conveyancing in Prenton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Prenton. 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…’
Due to the encouragement of my in-laws I had a survey completed on a property in Prenton in advance of instructing solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies will refuse to give a mortgage on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements from Nationwide. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Prenton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Prenton to see if the conveyancing costs will increase in light of this.
Is there anything unique about your site and other internet conveyancing brokers for conveyancing in Prenton?
At this site obtain an accurate costs illustration from a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Prenton. As opposed to estate agents and brokerage sites we are not in the business of charging firms a commission if you appoint them for your property ownership legalities in Prenton