I was informed recently by my IFA that my Paddock Wood lawyer is not on the lender Solicitor panel. What can I do to be certain if this is indeed the case?
Your first step should be to call your Paddock Wood conveyancer. You lawyer should inform you of the situation. If they are not on the panel they may recommend you to a Paddock Wood conveyancing firm that is on the approved list of lawyers for your mortgage company.
At what point can the exchange of contracts occur in residential conveyancing in Paddock Wood and do I need to be at the conveyancers office?
If you are round the corner to one of the conveyancing solicitors in Paddock Wood you are welcome to come in to sign contracts. That being said, the firms we recommend supply countrywide coverage for conveyancing and provide as equally comprehensive and professional a job for you when communicating with you digitally. The executing of the contract is not when everything is set in stone. A signed contract is necessary for the solicitor to exchange contracts at the appropriate time, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Paddock Wood)to be in the office available at the end of the phone to exchange contracts.
Forgive me if this question is silly but I am unexperienced as a first time purchaser of a garden flat in Paddock Wood. Do I pick up the keys to the house on completion from my lawyer? If so, I will instruct a local conveyancing solicitor in Paddock Wood?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the purchase money to the seller's lawyers, and once they have received this, you should be invited to receive the keys from the Estate Agents and move into your new home. This tends to happen between 1 and 3pm.
Can you point me to a directory of Skipton panel solicitors in Paddock Wood on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association websites. A small selection of banks make their panel listings visible over the internet. If you are seeking to appoint a Paddock Wood conveyancing practitioner on the Skipton please make the most of our tool.
I am due to exchange contracts on my apartment. I had a double glazing fitted in November 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Nottingham are being difficult. The Paddock Wood solicitor who is on the Nottingham conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Nottingham are requiring a building regulation certificate. Why do Nottingham have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nottingham have referred the matter to their valuer. The reason why Nottingham 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.
What will a local search tell me concerning the property we're purchasing in Paddock Wood?
Paddock Wood conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company such as Xpress Legal The local search plays an important role in most Paddock Wood conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search should reveal data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
I opted to have a survey done on a property in Paddock Wood prior to instructing lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some lenders may refuse to grant a loan on this type of premises.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Paddock Wood. Conveyancing may be slightly more expensive based on your lender's requirements.