Me and my partner are purchasing a 2 bedroom apartment in Attleborough with a mortgage. We wish to retain our Attleborough lawyer, however the bank advise he's not on their "panel". We have to appoint one of the mortgage company panel firms or retain our Attleborough lawyer and pay for one of their panel firms to act for them. We consider that this is inequitable; can we not insist that the bank use our Attleborough conveyancer ?
No, not really. 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. A further alternative is for your Attleborough conveyancing solicitor to apply to be on the conveyancing panel.
Do the Building Society Association intend to launch a online directory to list practices on the Loughborough BS conveyancing panel for example in Attleborough?
We are not aware of any intention on the part of the BSA to develop such a search facility.
Will commercial conveyancing searches reveal impending roadworks that may impact a commercial property in Attleborough?
Many commercial conveyancing solicitors in Attleborough will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Attleborough. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Attleborough.
For every commercial conveyancing transaction in Attleborough it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could result in delays to Attleborough commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Attleborough.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Attleborough is where the house is located. What do you suggest?
Flying freeholds in Attleborough are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Attleborough you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Attleborough may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I'm remortgaging my current property to a buy to let mortgage with Platform Home Loans Ltd and I will use the ballance of the raised equity as a deposit on another property. The neighborhood we are talking about is Attleborough. Will your conveyancers be able to act for the two mortgage companies and link together the conveyances?
Make use of our comparison tool on this site to check that the solicitors are approved by both banks. Assuming that they are the conveyancer will be able to connect the two deals but you should talk with you conveyancer and make apparent your expectations and requirements.