I am expecting a offer of a home loan from Nat West. I would like to instruct a Licensed Conveyancer in Wednesfield. Does the Nat West Conveyancing panel exclude Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We see that you have a post code search directory identifying law firms on the Virgin Money conveyancing panel. Do companies pay you a commission if I appoint them for our conveyancing in Wednesfield?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Wednesfield.
I am considering applying for a Principality mortgage for purchase of a newly converted (under development) in Wednesfield with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Principality ?
There is nothing to stop you using your solicitor, but Principality will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
What is the difference between a licensed conveyancer and conveyancing solicitor in Wednesfield
Two types of professional can conduct conveyancing in Wednesfield namely licenced conveyancers or solicitors. Both professionals provide conveyancing services that you need to complete the disposal or purchase of property. They are both required to handle Wednesfield conveyancing to the same quality and guidelines so you may be safe in the knowledge that your conveyancing will be professionally administered and that the requirements and steps will be correctly attended to.
Forgive me if this question is silly but I am new to the process as FTB of a garden flat in Wednesfield. Do I pick up the keys to the property on the completion date from my solicitor? If so, I will instruct a local conveyancing solicitor in Wednesfield?
On the day of completion you will not be required to go to the conveyancers office in Wednesfield. Your solicitors will transfer the purchase money to the vendor’s conveyancers, and once they have received this, you will be called to pick up the keys from the property Agents and move into your new home. This tends to happen early afternoon.
After much negotiation I have agreed a price on an apartment in Wednesfield. My financial adviser recommended their conveyancers. I paid an advanced payment of £225. Not long after, the conveyancer called me to say that they were not on the Virgin Money conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Virgin Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I acquired my flat on 4 March and my personal details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Wednesfield said it would be formalised in less than a month. Are titles in Wednesfield uniquely lengthy to register?
There is nothing unique about conveyancing in Wednesfield registration formalities. As opposed to being determined by geographic area, timescales can vary according to who lodges the application, whether there are errors and if the Land registry need to notify any other parties. Currently in the region of 80% of submission are completed in less than three weeks but some can be subject to extensive hold-ups. Historically registration is effected after the new owner is living at the property so an expedited registration is not usually an essential issue yet if it is urgent that the the registration takes place urgently then you or your lawyers could communicate with the Registry to express the reasoning for an expedited registration.