My mortgage broker requires my Minera law firm’s panel member for the Nationwide conveyancing panel. How do I obtain this. I have called my local Minera branch but they have not got back to me yet.
The sensible thing to do is ask for this information from your Minera solicitor . Most Minera conveyancing firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
Why do I have to pay up front for my conveyancing in Minera?
If you are buying a property in Minera your solicitor will request that you place them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the down payment is as part of the purchase price then this should be required shortly before exchange of contracts. The final balance that is due should be sent to your lawyer shortly before completion.
My property lawyer in Minera is not on the The Mortgage Works Solicitor Panel. Can I still use my family solicitor notwithstanding that they are not on the The Mortgage Works panel?
Your options are as follows:
- Carry on with your preferred Minera lawyers but The Mortgage Works will need to use a solicitor on their list of acceptable firms. This will result in additional overall conveyancing charges and cause frustration.
- Get a new solicitor to act in the purchase, remembering to check they are Convince your solicitor to do everything within their powers to join the The Mortgage Works conveyancing panel
I am expecting a DIP from Nationwide this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Nationwide recommend any Minera solicitors on the Nationwide conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Minera solicitors independently although you'll need to choose one on the Nationwide conveyancing panel. The solicitor represents both you and Nationwide through the process.
I have decided to exercise my right to buy my property in Minera off the council. I have a mortgage agreed with Virgin Money. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
I am due to exchange contracts on my flat. I had a double glazing fitted in January 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, TSB are being pedantic. The Minera solicitor who is on the TSB conveyancing panel is recommending indemnity insurance as a solution but TSB are requiring a building regulation certificate. Why do TSB have a conveyancing panel if they don't accept advice from them?
It is probably the case that TSB have referred the matter to their valuer. The reason why TSB may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
It has been 4 months since my purchase conveyancing in Minera took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. 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 asset 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.