I am hoping to receive a mortgage offer from Halifax. I would like to enlist the help of a Licensed Conveyancer in Reigate. Does the Halifax Conveyancing panel allow for Licensed Conveyancers?
The Halifax approved solicitor list is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
We had appointed conveyancing lawyers based in Reigate on the RBS solicitor panel. They are now charging me an additional fee for handling the RBS mortgage. Is this an additional conveyancing fee specified by RBS?
Unfortunately, so long as it is in their Terms of Engagement or estimate then yes your conveyancer may charge a fee for this. This charge is not set by RBS but by your Reigate conveyancing practitioner. Numerous firms on the RBS panel will levy ’dealing with mortgage’ fee but plenty of firms include it on their overall fee.
I am purchasing a property in Reigate. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
Given that your lender is Virgin Money your lawyer must follow the formal requirements set out in Part two of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook stipulates minimum conditions for solar panel roof-space leases, and property lawyers are required to report to Virgin Money where a lease does not satisfy these conditions. The requirements relate to the installation of panels on properties nationwide and is not isolated to Reigate.
After what feels like an age I have had an offer on a maisonette in Reigate accepted, the sellers do however have an associated purchase. The owners have offered on somewhere, but it’s not yet agreed to, and have viewings of other properties in the pipeline. I have chosen a local conveyancing solicitor in Reigate. What do I do now? At what point should I apply for the mortgage with Aldermore?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is approx £1k, then survey, Reigate conveyancing search costs, etc). First, you must check that your property lawyer is on the Aldermore approved list. Concerning the subsequent steps this very much dictated by the specifics of your transaction, attraction to the property and on the state of the market. During a rising market the majority of purchasers will apply for the mortgage with Aldermore and arrange for the valuation and only if it comes back ok would they pay their conveyancer to press on with searches.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one close by in Reigate I like with amenity areas and transport links in the vicinity, however it's only got 49 years unexpired on the lease. There is not much else in Reigate in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage the shortness of the lease will likely be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
What tools are available to identify a Reigate solicitor on the The Mortgage Works conveyancing panel? I have a car and am prepared to travel upto 10miles to meet the conveyancer.
You can use the tool on this website. Please choose the bank and your location and you will see a number of Reigate conveyancing lawyers based on proximity. We have detailed some Reigate conveyancing firms towards the end of this page and you can ring them to check whether they are on the The Mortgage Works approved list
How up-to-date is your search tool for the lender conveyancing panel in Reigate? Do the mortgage companies send you an updated list?
Reigate law firm practices and firms conducting conveyancing in Reigate themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the lender directly.