I am getting a mortgage offer from Nat West. I hope to employ the services of a Licensed Conveyancer in Sunbury. Does the Nat West Conveyancing panel include conveyancers regulated by the CLC?
The Nat West approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
We previously chose conveyancers with offices in Sunbury on the HSBC solicitor panel. They are now charging me a separate fee for dealing with the HSBC mortgage. Is this a supplemental conveyancing fee set by HSBC?
Provided it is contained in their Terms and Conditions or Quote then yes your lawyer may levy a fee for this. This charge is not set by HSBC but by your Sunbury property lawyer. Plenty of firms on the HSBC panel will levy ’dealing with mortgage’ fee and others do not.
I have today made my last payment due on my mortgage with Coventry BS. I assume I don't need a Sunbury property lawyer on the Coventry BS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
My offer was accepted on an apartment in Sunbury on 2/10/2024, valuation was booked 3 days later, received a clean bill of health. Conveyancer instructed, so all that was missing was my mortgage offer. Having made daily calls to Bank of Ireland and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Bank of Ireland conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland to deal with your lawyer's application to be on the Bank of Ireland conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am looking for a flat up to £235,500 and found one round the corner in Sunbury I like with open areas and railway links in the vicinity, however it's only got 51 remaining years left on the lease. There is not much else in Sunbury in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage that many years will likely be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
My husband and I are FTB’s - had an offer accepted, but the property agent has warned us that the owners will only go ahead if we appoint their recommended solicitors as they are insisting on a ‘quick sale’. My instinct tells me that we should use a high street solicitor with experience of conveyancing in Sunbury
It is improbable the sellers are driving this. If they desire ‘a quick sale', taking such a hostile approach to a serious buyer is counter productive. Try to communicate with the vendors directly and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you intend to appoint your own,trusted Sunbury conveyancing firm - as opposed tothe ones that will earn their estate agent a introducer fee or achieve conveyancing figures demanded by senior management.
Is it the case that all Sunbury property lawyers on every bank conveyancing panel?
The Lexsure search tool on this page may be of use or you can drop into your local lender branch in Sunbury. the probability is that they can recommend conveyancing solicitors in Sunbury