Our mortgage company has suggested a law firm on their panel based in Cotswolds but I would rather use a conveyancing lawyer in Cotswolds or nearer to where I live. Are you able to assist?
Not all Cotswolds conveyancing practitioners are listed all banks conveyancing panel. Please make the most of the above search tool to locate a Cotswolds conveyancing solicitor on the on the mortgage company panel.
We had appointed conveyancers based in Cotswolds on the HSBC solicitor panel. They have just billed me a supplemental charge for the legal aspects of the HSBC mortgage. Is this a supplemental conveyancing fee specified by HSBC?
Provided it is contained in their Terms and Conditions or estimate then yes your conveyancing practitioner may charge a fee for this. This fee is not dictated by HSBC but by your Cotswolds solicitor. Plenty of firms on the HSBC panel will quote ’dealing with mortgage’ fee but plenty of practices incorporate it on their overall fee.
The formalities of my purchase has taken place for my property in Cotswolds. Conveyancing was a necessary evil but I would like to complain about the lender. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. In most cases complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I was told two weeks ago that my mortgage has been agreed to by RBS. Is it usual for RBS to only issue the offer once my solicitor in Cotswolds is approved on their conveyancing panel? RBS have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for RBS to deal with your lawyer's application to be on the RBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Do I need to pay for insurance to address the risk of chancel repairs when buying a residence in Cotswolds?
Unless a prior acquisition of the property completed post 12 October 2013 you could take it that lawyers conducting conveyancing in Cotswolds to remain encouraging a chancel search and or insurance against a claim.
How does conveyancing in Cotswolds differ for new build properties?
Most buyers of new build premises in Cotswolds come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is constructed. This is because builders in Cotswolds tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Cotswolds or who has acted in the same development.
I am looking for a ground for flat up to £305k and identified one round the corner in Cotswolds I like with a park and railway links in the vicinity, however it's only got 52 years on the lease. I can't really find anything else in Cotswolds suitable, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage that many years will be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.