My bid for a property was accepted at auction in Waddon. Conveyancing is necessary. What happens now?

Having for all intents and purposes signed on the dotted line you will need to appoint a conveyancing solicitor soon as you will have a pending a fixed date to complete the transaction. An auction property should have a bespoke legal set of papers. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the auction pack should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to leasehold premises. You must give this to your appointed conveyancing solicitor ASAP. You also need to ensure that you have funds in place to complete the transaction on the set completion date.

When it comes to mortgage companies such as Clydesdale, do Waddon property lawyers face a fee to be on the conveyancing panel?

We are unaware of any mortgage company fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.

I currently have a mortgage with HSBC for my property in Waddon. Conveyancing was finalised 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform HSBC?

You must advise HSBC before letting out your property as this is likely to be a breach of HSBC’s mortgage conditions. It may be that HSBC will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact HSBC directly. You need not do this via a HSBC conveyancing panel firm.

About to purchase a new build apartment in Waddon. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Waddon

Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?

Due to the encouragement of my in-laws I had a survey completed on a property in Waddon in advance of instructing lawyers. I have been advised that there is a flying freehold element to the house. The surveyor advised that some lenders will refuse to give a loan on a flying freehold property.

It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. If you e-mail us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Waddon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Waddon to see if the conveyancing costs will increase in light of this.

Am I better off to appoint a Waddon conveyancing solicitor based in the vicinity that I am buying? We have a good friend who can execute the legal work but her office is 200miles drive away.

The benefit of a local Waddon conveyancing practice is that you can attend the office to execute documents, deliver your identification documents and apply pressure on them where appropriate. Having local Waddon know how is a bonus. However it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and they were happy that must surpass using an unfamiliar Waddon conveyancing lawyer solely due to them being round the corner.

I have read on a number of consumer advice websites that when selecting a conveyancing solicitors they must be approved by your lender. I am new to the process but I have an AIP from Halifax and I already have a high street conveyancing solicitor in Waddon at the ready. Does Nat West Bank insist on an approved solicitor to be used? If so, where do I find that list for my conveyancing in Waddon?

You need to choose a solicitor that is on the Nat West Bank panel. The simplest thing to do is ring your chosen Waddon conveyancing lawyer and ask if they are on the Nat West Bank panel. If they are not on the panel you have a couple of options open to you here:

• Proceed with your chosen Waddon lawyer but Nat West Bank will undoubtedly appoint a conveyancing practitioner from their approved list. The net impact is additional cost together with likely interruption.
• Appoint a fresh property lawyer to act in the purchase, ensuring that they are on the Nat West Bank conveyancing panel.
• Appeal to your conveyancer to apply to join the bank panel.