My fiance and I are acquiring an apartment in Bourton on the Water. My Conveyancer has never been on on the lender solicitor list. Can I still retain my Bourton on the Water conveyancing solicitor notwithstanding that they are excluded from the lender approved list?
One must have a conveyancer to complete the legal work required if you need a mortgage to buy your property. The solicitor will carry out all the appropriate due diligence on the property, ensuring that you will be properly registered as the owner and ensure that all the required mortgage paperwork is in place. You can appoint a Bourton on the Water conveyancing practitioner of your choosing. However, if the conveyancing practitioner selected is not a member of the lender conveyancing panel additional charges will arise as separate legal representation will be required by them. Conveyancing panel applications can be submitted, so if your lawyer has not previously applied for membership they should take the opportunity to apply.
It is is a decade since I acquired my home in Bourton on the Water. Conveyancing solicitors have now been instructed on the sale but I can't find the deeds. Will this cause complications?
You need not be too concerned. Firstly the deeds may be with the mortgage company or they may be in the possession of the conveyancers who acted in the purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers procuring current official copies of the land registers. Nearly all conveyancing in Bourton on the Water relates to registered property but in the rare situation where your property is not registered it is more problematic but is not insurmountable.
The Bourton on the Water conveyancing firm that I recently instructed on my house acquisition in Bourton on the Water have without warning shut down. I chose them because I needed a lawyer on the Lloyds conveyancing panel and my previous Bourton on the Water lawyer was not. I sent them a cheque for £250 in advance. What are my options?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Lloyds conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
Due to the input of my in-laws I had a survey completed on a property in Bourton on the Water before appointing lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies will refuse to issue a mortgage on a flying freehold house.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bourton on the Water. Conveyancing will be smoother if you use a solicitor in Bourton on the Water especially if they are acquainted with such properties in Bourton on the Water.
How do I identify a Bourton on the Water solicitor on the Santander conveyancing panel? I have wheels and am happy to travel upto 25miles to meet the solicitor.
You can use the search on this website. Please select a bank and your location and you will see a number of Bourton on the Water conveyancing lawyers locally. We have listed some Bourton on the Water conveyancing firms towards the end of this page and you can ring them to check whether they are on the Santander member panel