My wife and I are looking to buy a home in Hanworth and have appointed a Hanworth conveyancing practice. Within the last couple of days our conveyancer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Accord Mortgages Ltd have this evening contacted us to advise us that they have now hit a problem as our Hanworth lawyer is not on their conveyancing panel. What do we do from here?
If you are buying a property needing a mortgage it is standard for the purchasers' lawyers to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the lender’s conveyancing panel and you may continue to use your own Hanworth solicitors, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
My bid for a property was accepted at auction in Hanworth. Conveyancing is necessary. What are my next steps?
Given that you are now to all intents and purposes signed on the dotted line you now have to instruct a conveyancing practitioner soon as you are facing a tight a fixed date to complete the deal. Every auction property will have a bespoke auction set of papers. This will likely include evidence of title and search results. Where you are dealing with leasehold premises the auction papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You need to pass this on to your appointed conveyancing solicitor ASAP. Do make sure that that you have the requisite funding in place to complete the transaction on the set completion date.
Two weeks ago we had a mortgage agreed in principle with Leeds Building Society. Hanworth conveyancing lawyers have been appointed. What is the average time that one could expect to receive a mortgage offer from Leeds Building Society?
There is no definitive answer here. Have Leeds Building Society done the valuation? Have you informed Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Skipton have agreed my mortgage in principle, my bid on a property in Hanworth has been accepted, what are the next steps?
The estate agent will wish to be advised as to your lawyer's details (be sure the lawyers are on the lender’s approved list). Telephone Skipton or your financial adviser and finish off any outstanding paperwork. Skipton will appoint a valuer who will get in touch with the selling agent or seller to book a slot for the valuation to happen. Once conducted (assuming no problems) it takes about a week for the mortgage offer to be issued. Skipton will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Hanworth.
Due to the advice of my in-laws I had a survey completed on a house in Hanworth ahead of retaining conveyancers. I have been advised that there is a flying freehold overhang to the property. Our surveyor has said that some banks will refuse to grant a loan on a flying freehold property.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. If you call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hanworth. Conveyancing will be smoother if you use a solicitor in Hanworth especially if they are accustomed to such properties in Hanworth.
Hoping to buy a property located in Hanworth and I am already nervous. I couldn't find anything specific about Hanworth. Conveyancing will be needed in due course but do you know about the Hanworth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hanworth. In the meantime here are some basic statistics that we found
My folks cant seem to find their Hanworth land registry title on the site. They recall that fifty years ago when they bought the property there were complications concerning Hanworth not being recognised in some systems.
Nearly all properties in Hanworth should show up. Have you attempted a search to just the postcode. Normally it should disclose all the properties inside that postcode. Assuming the property is recorded it will show up with a title number. If they bought back in the 60’s it's conceivable it may be unregistered. The address may still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title papers which could be with your parent’s bank.