Me and my fiance are purchasing a 3 bedroom flat in Undy with a mortgage. We have a Undy lawyer, but the bank advise she’s not on their "panel". We have to appoint one of the bank panel firms or continue with our Undy lawyer as well as pay for one of their panel ones to act for them. We regard this is inequitable; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’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. Another option that might be available is for your Undy conveyancing lawyer to apply to be on the conveyancing panel.
I am about to exchange on the purchase of a property in Undy but as a consequence of damage from a small fire at the property I have was able negotiate compensation from the vendor in the sum of £2k taking the form of a deduction in the price. I had intended this to be addressed as part of amending the contract but Lloyds will not agree to this. Should they have been involved?
Your lawyer that is on the Lloyds approved list is required to inform Lloyds of any variations to the purchase price. If you were to refuse your property lawyer to report the price change to Lloyds then they would have to discontinue acting for you. In addition, Lloyds and you would have to appoint a new lawyer for your conveyancing in Undy.
I am buying a semi-detached house in Undy. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Undy you will have to appoint a solicitor on your lender'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 Undy.
I have todaydiscovered that Arc property Solicitors have been shut down. They carried out my conveyancing in Undy for a purchase of a leasehold flat 18 months ago. How can I check that the property is in my name in the name of the previous owner?
The easiest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Undy conveyancing specialists.
Am I better off to appoint a Undy conveyancing practitioner in close proximity to the house I am purchasing? We have a good friend who can handle the legal work but his firm is located 200miles drive away.
The benefit of a local Undy conveyancing firm is that you can visit the firm to sign paperwork, present your ID and apply pressure on them where appropriate. They will also have local intelligence which is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and the majority were content that must trump using an unfamiliar Undy conveyancing solicitor solely due to them being local.