My fiance and I are buying property in Bellingham. My Conveyancer is not listed on the lender approved list. Can I still appoint my Bellingham conveyancing solicitor notwithstanding that they are not on the bank list of approved lawyers?
Your options include
- Complete the deal with your existing Bellingham conveyancer but your bank will no doubt appoint a property lawyer on their approved panel. The net result is additional fees and probable frustration.
- Choose a new conveyancing practitioner to conduct the conveyancing, obviously checking they are on the lender conveyancing panel.
- Appeal to your conveyancer to attempt to join the mortgage company panel
My wife and I are only a couple days away from an exchange on a house in Bellingham and my parents have transferred the exchange deposit to my conveyancer. I am now told that as the deposit has been sent from someone other than me my solicitor needs to disclose this to my bank. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the lender concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
Your solicitor is duty bound to check with the bank to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
We see that you have a search directory identifying solicitors on the Nationwide conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Bellingham?
We are a listing service only for law firms wishing to communicate if they are on the Nationwide conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bellingham.
What can a local search inform me about the property I am buying in Bellingham?
Bellingham conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations for example Searchflow The local search plays a central role in most Bellingham conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your property. The search will provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
The solicitors conducting our conveyancing in Bellingham has sent documents to review that show the property is unregistered with epitome documents. Surely all property in Bellingham should be registered?
Although most properties in Bellingham are now registered with HM Land Registry there are still a few that are unregistered. Any property in Bellingham that has been purchased since the late 1980’s will have been registered at the HM Land Registry under the compulsory ‘first registration’ scheme. However, if a Bellingham property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Plenty of Bellingham conveyancing solicitors will be familiar with this type of conveyancing but in the event that uncertainty prevails the conventional advice these days is for the vendor’s solicitor to undertake the registration formalities first and then sell - this undoubtedly result in a significant delay.