We are purchasing a 2 bedroom apartment in Berwick Upon Tweed with a mortgage. We like our Berwick Upon Tweed conveyancer, however the bank says he's not on their "panel". We have to appoint one of the mortgage company panel solicitors or continue with our Berwick Upon Tweed solicitor and pay for one of their panel lawyers to represent them. This seems very unfair; can we not insist that the lender use our Berwick Upon Tweed solicitor ?
No, not really. 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. Another option that might be available is for your Berwick Upon Tweed conveyancing lawyer to apply to be on the conveyancing panel.
Me and my fiancee are acquiring our first property. Our conveyancing practitioner has messagedto ask if we would like to take out supplemental conveyancing searches. We are really unsure what's recommended for conveyancing in Berwick Upon Tweed
The scope of Berwick Upon Tweed conveyancing searches depends primarily on the premises, the location, the likelihood of any of these risks, your familiarity of the locality and risks, your overall attitude to risk. What matters is that you properly appreciate what information each search could give you. Then you can decide if you consider that you need that information. If in doubt, ask your property lawyer to explain.
I opted to have a survey done on a property in Berwick Upon Tweed ahead of instructing lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies may not grant a loan on this type of home.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. If you e-mail us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Berwick Upon Tweed. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Berwick Upon Tweed to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in Berwick Upon Tweed cover?
Non domestic conveyancing in Berwick Upon Tweed covers a wide array of services, provided by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
What is the reason for my conveyancing practitioner requiring a list of items of ID before they can proceed with selling or buying a property in Berwick Upon Tweed?
Berwick Upon Tweed solicitors are duty bound by the Law Society, SRA, HMLR and current AML Regulations to record that the have verified the identity of their clients. It will also be a requirement of your bank where you are obtaining a mortgage. In addition they have to complete various forms, particularly those relating to stamp duty land tax and need to have details such as your full names, NI number and date of birth.