My husband and I are planning to purchase a property in Brixworth and are in fact using a Brixworth conveyancing firm. Within the last couple of days our solicitor has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Bank of Scotland have this morning contacted us to inform me that they have now hit a problem as our Brixworth conveyancer is not on their approved list of lawyers. What do we do from here?
Where you are buying a property needing a mortgage it is normal for the purchasers' solicitors to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the lender’s conveyancing panel and you may continue to use your own Brixworth solicitors, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
Are the Brixworth conveyancing solicitors identified as being on the Leeds Building Society conveyancing panel, together with their details provided by Leeds Building Society?
Brixworth conveyancing firms themselves provide us confirmation that they are on the Leeds Building Society conveyancing panel as opposed to being supplied with a list from Leeds Building Society directly.
I am buying a new build flat in Brixworth. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Brixworth
Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I opted to have a survey carried out on a house in Brixworth prior to retaining solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies may refuse to issue a mortgage on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to call us we can check 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 Brixworth. Conveyancing may be slightly more expensive based on your lender's requirements.
Are there any apps to help identify a Brixworth law firm on the Nationwide Building Society conveyancing panel? I drive a motor bike and am happy to travel upto 10miles to meet the lawyer.
You can use the facility on this website. Please choose the lender and your location and you will see a number of Brixworth conveyancing lawyers located nearest you. We have detailed some Brixworth conveyancing firms at the bottom of this page and you can telephone them to verify if they are on the Nationwide Building Society approved list