My fiance and I are looking to acquire a home in Seaview and are in fact using a Seaview conveyancing practice. Within the last couple of days our property lawyer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Lloyds TSB Bank have this afternoon contacted us to inform me that they have now hit a problem as our Seaview solicitor is not on their approved list of lawyers. What do we do from here?
When purchasing a property with mortgage finance it is usual for the purchasers' lawyers to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Seaview solicitors, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
We are looking to buy a house and need a conveyancing solicitor in Seaview who is on the Yorkshire BS conveyancing panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire BS . We don't recommend any particular firms conducting conveyancing in Seaview.
Me and my brother purchased a 4 bedroom Edwardian property in Seaview. Conveyancing practitioner acted for me and National Westminster Bank. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold with the exact same property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Seaview and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing solicitor who conducted the conveyancing.
How does conveyancing in Seaview differ for new build properties?
Most buyers of new build property in Seaview contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is constructed. This is because builders in Seaview usually purchase the real estate, 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 conveyancing solicitors 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 used to new build conveyancing in Seaview or who has acted in the same development.
In searching the web for the term cheap conveyancing in Seaview it reveals numerous property lawyersin the vicinity. With so much choice what is the best way to find the right conveyancer for me?
The best method of seeking a suitable conveyancer is via trusted testimonial, so enquire of colleagues and those you trust who have acquired a property in Seaview or a reputable estate agent or financial adviser. Charges for conveyancing in Seaview vary, so it's advisable to obtain at least four quotes from varying types of conveyancers. Make sure that you clarify that the fees are fixed.