I am the only beneficiary of my late father’s estate with all property in now in my sole name, including the house in Walthamstow Village. The Walthamstow Village property was put into my name in October. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship may be treated the same way as if I'd bought the property in October. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this provision is principally there to capture subsales or the flipping of properties.
Is it the case that all Walthamstow Village CQS (Conveyancing Quality Scheme) solicitors are on the Co-operative conveyancing list of approved practices?
Some major banks and building societies now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their panels.
Is it the case that all Walthamstow Village conveyancing solicitors on the Nationwide conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Nationwide conveyancing panel they would need to be overseen by the SRA. Many lenders do permit licenced conveyancers on their panel in which case such practice would be governed by the Council of Licensed Conveyancers.
I opted to have a survey completed on a property in Walthamstow Village ahead of appointing lawyers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders will not give a loan on a flying freehold property.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Walthamstow Village. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm remortgaging my existing property to a BTL mortgage with Barclays Direct and intend to use the remaining equity as a down payment on another property. The area we are talking about is Walthamstow Village. Will your solicitors be able to act for both sets of banks and tie in the conveyances?
Make use of our search tool on this page to be sure that the solicitors are on the appropriate lender panels. Assuming that they are your solicitor will be able to connect the two deals but you should talk with you solicitor and make clear your desired outcome and requirements.
I need to instruct a conveyancing lawyer in Walthamstow Village for my house move. Is there any facility to review a firm’s record with the profession’s regulator?
You may read published Solicitor Regulator Association (SRA) decisions stemming from inquisitions started on or after Jan 2008. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The regulator may recorded telephone calls for training reasons.
Why is New Build conveyancing in Walthamstow Village more costly?
Conveyancing in Walthamstow Village for recently converted or new build properties can sometimes involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as further investigations and contractual concerns.