Finally, a loan offer from Nationwide for the remortgage of my single bedroom maisonette is to be issued within the next few days. Can you propose a cheap conveyancing solicitor in Great Coates?
You have arrived at the wrong place to search for a cheap conveyancing solicitors in Great Coates. Our aim is to provide cost effective conveyancing but our intention is not to work with the cheapest lawyers. Avoid the trap of appointing brokers teasing you with low cost conveyancing in Great Coates. In your best case scenario, in choosing a lawyer for low cost conveyancing, you will end up with what you pay for and at worst it will result in you invoiced for additional fees and still not receive the service expected.
My lawyer has discovered a a legal deficiency with the lease for the property we are buying in Great Coates. The other side have suggested defective title insurance as a workaround. We are content with insurance and will cover the costs. Our property lawyer says that he must check that the bank is content with this solution. Are we the client or is the lender?
Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the mortgage company are the client. The appropriate lender conditions must be adhered to.
Is it the case that all Great Coates CQS (Conveyancing Quality Scheme) solicitors are on the TSB conveyancing panel?
A selection of lenders now make use of the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation 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 firms wishing to join their approved list of conveyancing solicitors.
We have a mortgage agreed in principle with Clydesdale. Great Coates conveyancing solicitors were appointed. How long does it take for Clydesdale to issue the offer to the lawyer?
Some lenders take longer than others. Have Clydesdale done the valuation? Have you advised Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Planning on purchasing a flat in Great Coates. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Great Coates property lawyer is on the Lloyds conveyancing panel.
It has been 2 months following my purchase conveyancing in Great Coates concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How simple is it to use your search facility to select a conveyancing solicitor in Great Coates on the approved list for my lender?
First choose a lender such as National Westminster Bank, Norwich and Peterborough Building Society or Alliance & Leicester then specify your preferred area such as Great Coates. Conveyancing firms in Great Coates and across England and Wales should be listed.