My husband and I are hoping to buy a 1 bedroom flat in Axmouth and Branscombe with a mortgage. We would like to retain our Axmouth and Branscombe lawyer, however the mortgage company advise he's not on their "panel". It seems we have little choice but to instruct one of the mortgage company panel firms or keep our Axmouth and Branscombe conveyancer and pay for one of their panel firms to represent them. This seems very unfair; can we not require that the bank use our Axmouth and Branscombe solicitor ?
Unfortunately,no. The mortgage offered to you 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 Axmouth and Branscombe conveyancing lawyer to apply to be on the conveyancing panel.
At what point can the exchange of contracts happen for residential conveyancing in Axmouth and Branscombe and do I need to be at the lawyers office?
If you are local to one of the conveyancing solicitors in Axmouth and Branscombe you are invited in to sign documents. That being said, the lender approved solicitors we work with provide a nationwide conveyancing service and give as equally detailed and professional a job for you when dealing with you by post or email. The signing of the contract is not the important part. Signing on the dotted line simply enables the solicitor to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Axmouth and Branscombe)to be in the office at the appropriate time.
I appreciate that there are debates on Chancel Insurance on online forums. Am I compelled to have this when purchasing a property in Axmouth and Branscombe? or I am told that there is a law dating back centuries that could mean that house owners residing in a parish church boundary will be compelled to pay for repairs to the chancel within the church. Is this relevant for conveyancing in Axmouth and Branscombe?
Unless a previous purchase of the house took place after 12 October 2013 you may expect solicitors delivering conveyancing in Axmouth and Branscombe to continue to suggest a chancel search and or chancel repair liability policy.
I'm converting the mortgage on my existing house to a BTL loan with Virgin Money and intend to use the remaining equity towards further house. The neighborhood we are talking about is Axmouth and Branscombe. Will your solicitors be able to act for both sets of lenders and tie in the two deals?
Do use our search tool on this page to check that the lawyers are approved by both lenders. Assuming that they are your solicitor should be able to tie up the two transactions but you should have a chat with you solicitor and make clear your expectations and requirements.
Am I best advised to appoint a Axmouth and Branscombe conveyancing practitioner based in the location that I am purchasing? An old friend can execute the legal work however they are based 300kilometers away.
The benefit of a high street Axmouth and Branscombe conveyancing firm is that you can drop in to sign documents, hand in your identification documents and apply pressure on them if necessary. Having local Axmouth and Branscombe know how is a plus. However nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and on the whole were happy that should trump using an unknown Axmouth and Branscombe conveyancing lawyer just because they are Axmouth and Branscombe based.