Me and my partner are hoping to purchase a 2 bedroom flat in East Molesey with a mortgage. We like our East Molesey lawyer, but the lender says she’s not on their "panel". It seems we have no option but to use one of the bank panel firms or continue with our East Molesey conveyancing practitioner as well as pay for one of their panel ones to act for them. This seems very unfair; is there anything we can do?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’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. A further alternative is for your East Molesey conveyancing lawyer to apply to be on the conveyancing panel.
I require conveyancing for an apartment in a fairly new development (6 years old) in East Molesey. 95% of the properties are already occupied. Do I need carry out the conveyancing searches as part of conveyancing in East Molesey?
You are putting yourself at risk in refusing to carrying out East Molesey conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal requirement to have them, but we would strongly advise in the strongest possible terms that your conveyancer conducts them. Where time pressures and price are primary issues you should consider with your solicitor about the option of search insurance
I am buying a flat and require a conveyancing solicitor in East Molesey who is on the Aldermore approved. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Aldermore in certain locations such as East Molesey. We dont recommend any particular firm.
Me and my partner are purchasing a flat in East Molesey. I might seem paranoid but how we can trust a conveyancer? On the day of competition we have to deposit money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Please help - my lawyer says that chancel insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in East Molesey?
The appropriate level of chancel indemnity insurance should be dictated by who who your lender is. It would differ for example between Yorkshire Building Society and Skipton Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
When it comes to mortgage companies such as Clydesdale, do East Molesey property lawyers incur a yearly amount to be on the conveyancing panel?
We are not aware of any bank fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
What does commercial conveyancing in East Molesey cover?
Commercial conveyancing in East Molesey incorporates a broad range of advice, given by regulated solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.