We are intending to purchase a 2 bedroom flat in Cotgrave with a mortgage. We like our Cotgrave lawyer, but the bank advise she’s not on their "panel". We have to appoint one of the bank panel conveyancing practices or keep our Cotgrave solicitor as well as pay for one of their panel firms to act for them. This feels very unfair; are we not able to demand that the mortgage company use our Cotgrave lawyer ?
No, not really. The mortgage offered to you 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 Cotgrave conveyancing solicitor to apply to be on the conveyancing panel.
My nephew is about to exchange on a newly built flat in Cotgrave with a home loan from Barclays. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Barclays conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Barclays conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Cotgrave is the location of the property. Can you shed any light on this issue?
Flying freeholds in Cotgrave are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cotgrave you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cotgrave may determine 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 property.
How do I identify a Cotgrave law firm on the Britannia conveyancing panel? I drive a motor bike and am prepared to travel upto 25kilometers to meet the solicitor.
Feel free to make use of the tool on this website. Please select a mortgage company and your location and you will see a number of Cotgrave conveyancing lawyers locally. We have listed some Cotgrave conveyancing firms at the bottom of this page and you can call them to verify whether they are on the Britannia member panel
It has taken forever and a day but a loan offer from a mortgage company for the remortgage of my 2 bedroom apartment is to be issued by the end of next week. Are you able to recommend an efficient remortgage conveyancing lawyer in Cotgrave ?
You have come to the wrong place to search for the lowest fares for conveyancing solicitors in Cotgrave. Our aim is to provide cost effective conveyancing but our intention is not to advertise as being the cheapest. Avoid the trap of appointing brokers offering £99 conveyancing in Cotgrave.In your best case scenario, in opting for cheap conveyancing, you will get what you pay for and at worst you will end up invoiced for additional fee and still not get the service expected.