I plan on acquiring property in Appleton. My property lawyer is not listed on the bank approved list. Am I still permitted to continue with my Appleton conveyancing solicitor even though they are not on the mortgage company panel?
You have a number of choices open to you here
- Proceed with your chosen Appleton conveyancing practitioner but your lender will need to use a lawyer on their approved panel. The net result is additional charges and probable delay.
- Get a new solicitor to conduct the conveyancing, making sure they are on the lender conveyancing panel.
- Convince your lawyer to do everything possible to get accepted on the bank’s conveyancing panel
Me and my fiancee are purchasing our first home. The solicitor has contact usto enquire if we want to purchase supplemental conveyancing searches. We are really unsure what's needed for conveyancing in Appleton
The range of Appleton conveyancing searches should be dictated primarily on the property, the location, the likelihood of any of these risks, your knowledge of the region and risks, your general appetite to risk. What matters is that you properly understand what information the searches could give you. Then you can decide if you consider that you need that search. If unsure, ask your property lawyer to explain.
We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would prefer to use a local conveyancing solicitor in Appleton?
You should check but the the probability is that give you one of their panel conveyancers should you take up the "fee-free" offer. Speak to the lender to check if they make available a monetary alternative. Some mortgage companies have previously offered a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor near Appleton.
My wife and I purchased a terraced Edwardian house in Appleton. Conveyancing practitioner acted for me and Virgin Money. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold under the matching property. Is it worth asking Virgin Money to clarify?
You should assess 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 Appleton and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing lawyer who completed the work.
Should I be wary about brokers that I am dealing with are suggesting a national conveyancing firm as opposed to a High Street Appleton conveyancing practice?
As is the case with many professional services, often suggestions from family and friends can be worth their weight in gold. Nevertheless there are lots of parties with a keen interest in a conveyancing matter; estate agents, mortgage brokers and mortgage companies might all put forward conveyancers to use. Sometimes the solicitors might be known to one of the organisations as one of the best in their field, but sometimes there behind the scenes commercial relationship behind the endorsement. You are at liberty to appoint your preferred lawyer. Don't forget that most banks operate an approved list of conveyancers you are obliged to use for the lender related work in your house move.