We are intending to buy a 2 bedroom flat in Chaddesley Corbett with a mortgage. We would like to retain our Chaddesley Corbett lawyer, however the bank says she’s not on their "panel". It appears that we have no choice but to use one of the lender panel conveyancing practices or keep our Chaddesley Corbett lawyer and pay for one of their panel lawyers to represent them. We regard this is inequitable; can we not insist that the lender use our Chaddesley Corbett property lawyer ?
Unfortunately,no. 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. Another option that might be available is for your Chaddesley Corbett conveyancing lawyer to apply to be on the conveyancing panel.
Completed the sale of my flat in Chaddesley Corbett last August yet the purchaser is whats apping daily complaining that their lawyer is waiting to hear from mine. What should have happened following completion?
Following your disposal your lawyer is duty bound to forward the transfer deeds and all of the paperwork to the buyer’s solicitors. Depending on the transaction, your solicitor should also confirm that the home loan has been redeemed to the buyers conveyancers. There is unlikely to be post completion steps specific conveyancing in Chaddesley Corbett.
We are planning to buy with Darlington Building Society. We have called around locally yet cant to find a Chaddesley Corbett conveyancing firm on the Darlington Building Society panel. Can you assist?
Feel free to make use of the search tool on this page. Please choose the lender and type Chaddesley Corbett or your preferred area and you will discover a number of lawyer based in Chaddesley Corbett or by proximity to you.
How does conveyancing in Chaddesley Corbett differ for newly converted properties?
Most buyers of new build premises in Chaddesley Corbett approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Chaddesley Corbett usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Chaddesley Corbett or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Chaddesley Corbett is where the house is located. Can you shed any light on this issue?
Flying freeholds in Chaddesley Corbett are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Chaddesley Corbett you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chaddesley Corbett may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.