Me and my fiance are purchasing a 1 bedroom apartment in Broughton Astley with a mortgage. We like our Broughton Astley solicitor, but the bank advise he's not on their "panel". We have to appoint one of the lender panel solicitors or continue with our Broughton Astley property lawyer as well as pay for one of their panel firms to act for them. We consider that this is inequitable; is there anything we can do?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’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 Broughton Astley conveyancing lawyer to apply to be on the conveyancing panel.
I own a freehold property in Broughton Astley yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Broughton Astley and has limited impact for conveyancing in Broughton Astley but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
My house in Broughton Astley is up for sale and I have accepted an offer. Does my property lawyer have to be required to be on the Virgin Money conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Virgin Money conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently in recent years.
I have todaydiscovered that Arc property Solicitors have been shut down. They carried out my conveyancing in Broughton Astley for a purchase of a leasehold flat 12 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The easiest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Broughton Astley conveyancing specialists.
I am looking to buy a house and require a conveyancing solicitor in Broughton Astley who is on the lender solicitor panel. Could you point me in the right direction as regards a Broughton Astley solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the lender who conduct conveyancing in Broughton Astley. We dont recommend any particular conveyancing practice.