I am considering applying for a Nationwide mortgage for purchase of a new build (under development) in Wigston with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Nationwide ?
There is nothing to stop you using your solicitor, but Nationwide will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Are all Wigston Conveyancing Quality Solicitors on the Yorkshire BS conveyancing panel?
Some major banks and building societies now make use of the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
Is it the case that all Wigston solicitor practices on the Virgin Money conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Virgin Money approved list of solicitors they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel and in that case the firms would be governed by the CLC.
UBS have agreed my home loan in principle, my bid on a apartment in Wigston has been accepted, now what?
The estate agent will wish to know who your solicitors are (make sure the conveyancers are on the lender’s panel). Call up UBS or your financial adviser and finish off any relevant forms. UBS will appoint a valuer who will get in contact with the selling agent or vendor to schedule a time for the valuation to happen. Once conducted (assuming no problems) it takes approximately a week for the mortgage offer to be issued. UBS will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Wigston.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Wigston?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Wigston. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the advice of my in-laws I had a survey completed on a property in Wigston prior to instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some banks may not give a mortgage on a flying freehold premises.
It varies from the lender to lender. HSBC has different requirements from Halifax. Should you wish to call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Wigston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wigston to see if the conveyancing will be more expensive.
My business partner and I are hoping to lease a unit on the high street. Can you recommend solicitors offering no-move-no fees for non-domestic conveyancing in Wigston for under £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Wigston, including the sale and purchase of businesses as well as simply property. Whether you are hoping to purchase or sell a shop, pub, restaurant, office, retail premises or a complete business we will find you the right firm. As for the charges this will depend on the structure and heads of terms of the deal. Please provide us with your contact information or phone us so that we may furnish you with a fixed commercial conveyancing calculation.