I plan on buying property in Wellington. My property lawyer has never been on on the mortgage company solicitor list. Can I still use my Wellington conveyancing solicitor notwithstanding that they are excluded from the lender panel of approved conveyancing solicitors?
You must use a conveyancing practitioner to complete the legal work required when you need a loan to buy your home. They will carry out all the appropriate legal checks on the property, ensuring that you’re registered as proprietor and ensure that all the required mortgage paperwork is in order. You may instruct a Wellington property lawyer of your choice. Nevertheless, if the lawyer appointed is not on the lender solicitor panel supplemental costs will be levied as separate legal representation will be required by them. Lender panel applications can be submitted, so if your lawyer has not previously sought membership they should take the chance to apply.
We are due to move property in December. Does my conveyancing solicitor communicate with the removal company on the completion day. As an aside, can you put forward a removal company in Wellington. Conveyancing firm was chosen before I stumbled across this website.
On the afternoon of completion you will need to collect the keys from the selling agent but this can only take place when the previous owners solicitors inform the agent that the monies to complete are in and the keys can be handed over. You will need to advise the removal men that you are ready to move in. As a matter of policy we do not recommend a specific removal organisation but can help you locate a conveyancing in Wellington or a firm with expertise in conveyancing in Wellington.
I have paid off my mortgage with RBS. I assume I don't need a Wellington lawyer on the RBS panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your RBS 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 RBS mortgage from the register. RBS, 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 RBS has sent the Land Registry the discharge electronically, and
- RBS has instructed the Land Registry to do so
After what feels like an age I have had an offer on a flat in Wellington accepted, the owners do however have a dependent purchase. The owners have offered on somewhere, but it’s not been accepted yet, and are looking at other apartments booked. I have instructed a high street conveyancing solicitor in Wellington. What do I do now? When do I get the mortgage application with Nationwide started?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is in the region of £1k, then valuation, Wellington conveyancing search costs, etc). The first thing to do is check that your solicitor is on the Nationwide conveyancing panel. As to the next steps this very much depends on the specifics of your transaction, desire for the property and on the state of the market. During a hot market some purchasers would apply for a home loan with Nationwide and pay for the valuation and only if it comes back ok would they pay their property lawyer to press on with searches.
Various web forums that I have visited warn that are the main reason for delay in Wellington conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays during the legal transfer of property. Local searches are unlikely to be the root cause of holding up conveyancing in Wellington.
I have recentlybecome aware that Stirling Law have been shut down. They conducted my conveyancing in Wellington for a purchase of a leasehold flat 9 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The easiest way to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wellington conveyancing specialists.
I have been on the look out for a flat up to £235,500 and found one round the corner in Wellington I like with a park and transport links nearby, the downside is that it's only got 49 years on the lease. I can't really find anything else in Wellington suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan the shortness of the lease may be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
We're first time buyers - agreed a price, but the estate agent advised that the seller will only proceed if we use their recommended solicitors as they are insisting on a ‘quick sale’. Our preferred option is to instruct a high street conveyancer who is accustomed to conveyancing in Wellington
It is improbable the vendors are driving this. If they require ‘a quick sale', taking such a hostile approach to a genuine purchaser is likely to cause more damage than good. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you are going to instruct your own,trusted Wellington conveyancing lawyers - as opposed tothe ones that will earn the estate agent a commission or hit his conveyancing figures pre-set by corporate headquarters.