I am purchasing a leasehold flat in Wood Green. My Conveyancer is not on the bank conveyancing panel. Is it possible for me to use my Wood Green conveyancing solicitor notwithstanding that they are not on the mortgage company list of approved lawyers?
You have a couple of choices available to you here
- Carry on with your existing Wood Green but your mortgage company will need to retain a on their approved list. This will result in additional charges together with potential delay.
- Appoint a fresh to conduct the conveyancing, making sure they are on the mortgage company conveyancing panel.
- Convince your solicitor to do everything possible to join the mortgage company panel of solicitors
Can you explain why leasehold purchase conveyancing in Wood Green is more expensive?
Wood Green leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Does a directory service exist listing panel solicitors in Wood Green on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. Very few mortgage companies make their panel listings open the public over the internet. If you are looking for a Wood Green on the please use our tool.
The formalities of my remortgage has taken place for my property in Wood Green. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
About to purchase flat in Wood Green. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the 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 Wood Green is on the conveyancing panel.
Due to the encouragement of my in-laws I had a survey completed on a property in Wood Green before retaining solicitors. I have been told that there is a flying freehold element to the house. My surveyor has said that some lenders will refuse to give a loan on such a property.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Wood Green. Conveyancing will be smoother if you use a solicitor in Wood Green especially if they are acquainted with such properties in Wood Green.
Why am I unable to complete my conveyancing in Wood Green on Easter Monday?
Because on completion the funds will be transferred electronically between the banks of the purchaser and owner’s and at present this can only take place on a working day. It is not possible to complete on a saturday or sunday either.