My fiance and I are hoping to buy a house in Droitwich and are in fact using a Droitwich conveyancing firm. Within the past 48 hours our property lawyer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Nationwide Building Society have this evening contacted us to inform me that there is now an issue as our Droitwich conveyancer is not on their approved list of lawyers. Is this a problem?
When purchasing a property with mortgage finance it is usual for the purchasers' solicitors to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your lender and see 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 are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Droitwich solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
Can you suggest a TSB approved Droitwich conveyancing solicitor who can have us moved in within a short deadline? Am I best advised to unstruct a local Droitwich firm or an internet firm?
We would be happy to suggest some excellent Droitwich conveyancing firms. You can also walk up the main road in Droitwich. Go in to some well established law practices and request to speak with a conveyancing solicitor for a quote. Explain your time frames together with your reasons and get an assurance on speed. Select the one that you are most comfortable with.
Why is leasehold purchase conveyancing in Droitwich costs more?
The conveyancing charges for a leasehold premises in Droitwich is often greater than on a freehold transaction. This is due to the additional investigations required in communicating with the freeholder and managing agents to obtain evidence about whether the rent and maintenance charges have been cleared and whether there are any significant expenditure in the near future on repairs or maintenance of the block.
How does conveyancing in Droitwich differ for newly converted properties?
Most buyers of new build or newly converted property in Droitwich come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is completed. This is because developers in Droitwich usually purchase the site, 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 property lawyers 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 used to new build conveyancing in Droitwich or who has acted in the same development.
In scouring the internet for the words on line conveyancing in Droitwich it brings up numerous property lawyersin the vicinity. How do I determine which is the right conveyancing solicitor for me?
The ideal method of choosing the right conveyancer is through a personal testimonial, so enquire of colleagues and those you trust who have acquired a property in Droitwich or a reputable estate agent or mortgage broker. Charges for conveyancing in Droitwich vary, so it's advisable to secure a minimum of four quotes from varying types of solicitors. Dont forget to clarify that the fees are fixed.