I was notified today by my mortgage broker that my Todwick lawyer is not on the mortgage company Solicitor panel. What can I do to check?
The sensible course of action for you to take is to call your Todwick lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they may be able to suggest a Todwick conveyancing practice that is on the approved list of lawyers for your bank.
Can the conveyancing solicitors that you recommend handle auction conveyancing in Todwick?
We know of a few auction solicitors we can put you in touch with those conducting auction conveyancing. Todwick is one of our locations in which our lawyers have offices.
We are getting the release of further funds on our home loan from HSBC as we want to carry out renovations to our house in Todwick. Are we obliged to choose a high street Todwick solicitor on the HSBC conveyancing panel to handle the paperwork?
HSBC do not ordinarily instruct firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the HSBC conveyancing panel.
Planning on purchasing a apartment in Todwick. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB 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 Todwick property lawyer is on the TSB conveyancing panel.
Lloyds have agreed my home loan in principle, my bid on a house in Todwick has been accepted, now what?
The estate agent will wish to be informed of your conveyancing practitioner's details (make sure the lawyers are on the bank’s panel). Telephone Lloyds or the broker and finalise any appropriate documentation. Lloyds will instruct a valuer who will get in contact with the selling agent or vendor to schedule an appointment. Once conducted (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Lloyds will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Todwick.
Due to the encouragement of my in-laws I had a survey completed on a house in Todwick prior to appointing lawyers. I have been advised that there is a flying freehold overhang to the property. The surveyor has said that some banks will not give a loan on a flying freehold property.
It depends who your proposed lender is. HSBC has different requirements from Halifax. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Todwick. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Todwick to see if the conveyancing costs will increase in light of this.
Is it true that a Todwick conveyancing firm got sued by clients for failing to conduct the appropriate conveyancing investigations?
We are not aware of such a Todwick conveyancing claim but according to a recent report, a couple acquiring a house in Cumbria successfully won a claim against their lawyer as a consequence of development plans to construct a wind farm failing to be identified in conveyancing searches.
If you are buying in Todwick It is essential that your conveyancing practitioner carry out all Todwick conveyancing searches required to ensure you have relevant and up to date information before acquiring a property.