What is the best way to check that the solicitor handling my conveyancing in Stockwell is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Scotland thus spending £175.00 in supplemental conveyancing bill.
You should take advantage of the find a conveyancing panel solicitor tool on this web page. Pick the mortgage company and type ‘Stockwell’ or your preferred area and you will be presented with a number of lawyer offices in Stockwell or near you.
I'm the only beneficiary of my late mum's estate with all property in now in my sole name, including the my former home in Stockwell. The Stockwell property was put into my name in January. I plan to dispose of the house. I understand that there is a CML six month 'rule', meaning my proprietorship may be treated the same way as if I'd bought the house in January. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. Some lenders would take a practical view as this obligation is primarily there to pick up on the purchase and immediately sell or the flipping of properties.
Can I be sure that the Stockwell conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in Stockwell seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer carrying out your conveyancing.
Planning on purchasing a maisonette in Stockwell. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Barclays conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Stockwell conveyancer is on the Barclays conveyancing panel.
I decided to have a survey completed on a house in Stockwell before retaining solicitors. I have been told that there is a flying freehold aspect to the house. My surveyor has said that some lenders tend not give a loan on this type of home.
It varies from the lender to lender. Santander has different instructions for example to Halifax. Should you wish to telephone us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stockwell. Conveyancing will be smoother if you use a solicitor in Stockwell especially if they are familiar with such properties in Stockwell.
I'm converting the mortgage on my current property to a buy to let mortgage with National Westminster Bank and intend to use the remaining equity as a down payment on further property. The location we are looking at is Stockwell. Will your conveyancers be able to act for the two banks and link together the transactions?
Do use our comparison tool on this site to be sure that the lawyers are on the relevant lender panels. Assuming that they are your solicitor should be able to tie up the two conveyancing matters but you should talk with you lawyer and communicate your expectations and requirements.
My father-in-law has suggested that I instruct his conveyancing solicitors in Stockwell. Should I find my own property lawyer?
Much as we are happy to recommend a Stockwell conveyancing lawyer the best way to choose a conveyancing practitioner is to seek referrals from friends or relatives who have previously instructed the conveyancer you're considering.