I have just been advised by my estate agent that my Colsterworth solicitor is not on the mortgage company Solicitor panel. How can I check?
The best course of action for you to take is to call your Colsterworth lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they may be able to suggest a Colsterworth conveyancing firm that is on the conveyancing panel for your lender.
Having sold my house in Colsterworth last October yet the purchaser is texting every few hours to say her lawyer needs to hear from mine. What should have happened following completion?
Following your sale your conveyancer is duty bound to send the transfer documentation and all supplemental paperwork to the purchaser's conveyancer. Where relevant, your lawyer should also send confirmation that the mortgage has been paid off to the buyers lawyers. There is unlikely to be post completion tasks specific conveyancing in Colsterworth.
I used Stirling Law a few years ago for my conveyancing in Colsterworth. Now, I need the files but the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Colsterworth of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the input of my in-laws I had a survey completed on a property in Colsterworth prior to retaining solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies may refuse to grant a mortgage on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. If you call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Colsterworth. Conveyancing may be slightly more expensive based on your lender's requirements.
My wife and I are buying a 2 bedroom flat in Colsterworth. When we first instructed conveyancing practitioner, they told us that they were on all mainstream mortgage company panels. Our financial adviser called today to say that they are not on the Leeds Building Society approved list. Were it to be true, what should we do? Do we simply pick a new lawyer that is on their panel or do we pay for dual representation, with Leeds Building Society selecting their own approved property lawyer.
Where you are acquiring a property requiring a mortgage it is conventional for the buyer’s solicitors to also act for the purchaser's lender. In order to act for a bank or building society a property lawyer has to be on that lender's list of approved lawyers. An application has to be made by the conveyancing practitioner to the lender to become a member of the lender's panel and there are increasingly strict conditions which the lawyer has to meet. Some banks now insist their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your conveyancer should contact Leeds Building Society to discover 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 Leeds Building Society's conveyancing panel and you may continue to use your own Colsterworth solicitors, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.