I am buying a flat in Cubitt Town. My property lawyer is not listed on the bank approved list. Am I still permitted to appoint my Cubitt Town conveyancing solicitor even though they are not on the lender panel?
You have numerous choices open to you here
- Carry on with your chosen Cubitt Town conveyancer but your mortgage company will need to retain a conveyancing practitioner on their approved panel. This will result in additional charges together with likely delay.
- Get a fresh property lawyer to act in the purchase, making sure they are on the lender conveyancing panel.
- Convince your lawyer to apply to join the bank panel
Is it realistic for conveyancing in Cubitt Town to be concluded in less than 10 days?
First, If the seller is applying time constraints to sign contracts we would recommend that your conveyancer is familiar with the location as they will benefit local relationships and insight. It is even conceivable that they could have handled otherhomes in the same street. You would be best advised to use a Cubitt Town conveyancing solicitor. Second, check that the lawyer is on the on the approved list for your mortgage company. It is understood that 18% of Cubitt Town conveyancing deals are delayed or jeopardised after discovering a purchaser’s solicitor was not on their mortgage lender’s panel. In many cases this discovery resulted in the legal transfer of property being held up by as much as three weeks. It is said that this issue impacts in the region of one hundred thousand home moves annually. Many Cubitt Town conveyancing practices can not represent certain banks so do check at the outset.
I need some expedited conveyancing in Cubitt Town as I have a deadline to exchange contracts in less than 4 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
As you are not obtaining a home loan you are at free not to do searches although no solicitor would recommend that you don't. With lots of history conveyancing in Cubitt Town the following are examples of issues that can appear and adversely impact market value: Refused Planning Applications, Overdue Fees, Overdue Grants, Railway Schemes,...
Due to the input of my in-laws I had a survey completed on a property in Cubitt Town in advance of retaining solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some banks will refuse to give a loan on such a premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Cubitt Town. Conveyancing may be slightly more expensive based on your lender's requirements.
My partner and I are are seeking to find an affordable conveyancing solicitor in Cubitt Town to help me sell my apartment. I I am fearful of appointing the wrong one and there are plenty Cubitt Town conveyancing practices out there...who's the best?
Where you’ve never used a solicitor previously, a personal recommendation through relatives or friends is a preferable starting point and is often a good indicator of quality. Alternatively, you should review the client testimonials published on your conveyancer’s website or use our search facility to locate a conveyancing lawyer in Cubitt Town.