We are buying a 3 bedroom apartment in Dollis Hill with a mortgage. We wish to retain our Dollis Hill lawyer, however the mortgage company advise he's not on their "panel". It seems we have no option but to instruct one of the lender panel solicitors or retain our Dollis Hill lawyer as well as pay for one of their panel firms to act for them. We regard this is unjust; can we not require that the mortgage company use our Dollis Hill lawyer ?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Dollis Hill conveyancing solicitor to apply to be on the conveyancing panel.
Would the conveyancing solicitors via your comparison service handle conveyancing in Dollis Hill by way of an attended exchange?
There are a few conveyancing specialists who can conduct 24hr exchanges. Please call us to secure a costs illustration and details as to availability.
How does conveyancing in Dollis Hill differ for newly converted properties?
Most buyers of new build property in Dollis Hill approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is built. This is because house builders in Dollis Hill tend to purchase the land, 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 Dollis Hill or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Dollis Hill is where the house is located. What do you suggest?
Flying freeholds in Dollis Hill are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Dollis Hill you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Dollis Hill may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My husband and I are new to the buying process - agreed a price, yet the property agent informed us that the vendor will only go ahead if we instruct their preferred conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a local solicitor with experience of conveyancing in Dollis Hill
We suspect that the seller is unaware of this requirement. If they desire ‘a quick sale', turning down a serious purchaser is likely to cause more damage than good. Contact the vendors directly and make sure they understand (a)you are motivated purchasers (b)you are ready to progress, with finances arranged © you are unencumbered (d) you intend to proceed fast (e)however you are going to instruct your own,trusted Dollis Hill conveyancing firm - not the ones that will provide their estate agent a commission or hit his conveyancing thresholds set by senior management.