My fiance and I are intent on buying a flat in Stotfold. My Conveyancer is not on the mortgage company approved list. Is it possible for me to retain my Stotfold conveyancing solicitor even though they are excluded from the lender approved list?
One will need to instruct a lawyer to complete the legal work required when you need a loan to purchase your property. The lawyer will conduct all the appropriate investigations on the property, ensuring that you will be properly registered as the owner and ensure that all the required mortgage documentation is dealt with. You can instruct a Stotfold lawyer of your choice. Nevertheless, where the lawyer appointed is not on the mortgage company approved list supplemental fees will be levied as separate legal representation will be required by them. Conveyancing panel applications can be submitted, so if your solicitor has not in the past applied for membership they should take the chance to apply.
I am buying a new build flat in Stotfold. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Stotfold you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Stotfold.
We are purchasing a house and the solicitor has referenced Chancel Repair for which the house could be liable given it’s proximity to the area of such a church. He has mentioned insurance. Is this strictly required for conveyancing in Stotfold
Unless a prior acquisition of the premises completed post 12 October 2013 you could take it that lawyers handling conveyancing in Stotfold to remain encouraging a chancel search and or chancel repair liability policy.
I used Action Conveyancing several years ago for my conveyancing in Stotfold. Now, I need my files however the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Stotfold of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
My wife and I are buying a studio flat in Stotfold. At the time of instructing our conveyancing practitioner, they assured us that they were on all mainstream lender panels. Our mortgage broker contacted us today to advise that they are not on the Coventry BS approved list. If it turns out to be true, what should we do? Do we simply pick a new property lawyer that is on their approved list or should we cover the costs for separate representation, with Coventry BS appointing their own preferred solicitor.
When purchasing a property with the benefit of a mortgage it is standard for the buyer’s solicitors to also represent the purchaser's lender. In order to act for a bank or building society a solicitor has to be on that lender's conveyancing panel. An application has to be made by the conveyancer to the lender to become a member of the lender's panel and there are increasingly strict conditions which the conveyancer has to satisfy. Some building societies now insist their panel firms to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact Coventry BS 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 don't have to instruct a firm on Coventry BS's conveyancing panel as you are at liberty to use your preferred Stotfold lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another solicitor into the equation.