I am hoping to receive a mortgage offer from Nat West. I intend to instruct a Licensed Conveyancer in Moston. Does the Nat West Solicitor panel exclude Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
It is a dozen years since I bought my house in Moston. Conveyancing solicitors have now been appointed on the sale but I am unable to locate the title documents. Will this jeopardise the sale?
Don’t worry too much. Firstly there is a possibility that the deeds will be with your mortgage company or they may be archived with the lawyers who acted in the purchase. Secondly in most cases the property will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers procuring current official copies of the land registers. The vast majority of conveyancing in Moston involves registered property but in the rare situation where your home is unregistered it adds to the complexity but is not insurmountable.
We wanted to use a conveyancing solicitor in Moston for our house purchase. Our broker informed us that our mortgage company National Westminster Bank won't deal with them. Why is this not regarded as unduly restrictive?
A mortgage company will direct that a panel conveyancer act for it. You would be liable to meet the cost of this. Do use our directory service to locate a solicitor to conduct conveyancing in Moston on the National Westminster Bank approved list of solicitors.
Various online forums that I have frequented warn that are the primary reason for obstruction in Moston conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays during the legal transfer of property. Local searches are not likely to feature in any delay in conveyancing in Moston.
What happens where there is a problem with the searches conducted as part of our conveyancing in Moston?
Usually, the majority of problems revealed in Moston conveyancing search results can be addressed in advance of completion or title insurance can be taken. You need to remember that regardless of the fact that you may be purchasing the premises and might be willing to accept the search results, your lender may not, and when all said and done they have the final say.