My wife and I are hoping to buy a home in Euston and have appointed a Euston conveyancing practice. Within the past 48 hours our lawyer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Coventry Building Society have this evening contacted us to advise us that they have now hit a problem as our Euston lawyer is not on their conveyancing panel. What do we do from here?
If you are buying a property with the assistance of a mortgage it is normal for the purchasers' lawyers 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 Accreditation Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the bank's conveyancing panel as you are at liberty to use your preferred Euston lawyers, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
When does exchange of contracts occur in purchase conveyancing in Euston and am I required to be at the lawyers office?
Where you are local to one of the conveyancing solicitors in Euston you are welcome to attend to sign contracts. However, the law practices we work with provide a countrywide conveyancing service and give just as diligent and professional a job for you when dealing with you digitally. The signing of the contract is not when everything is set in stone. Signing on the dotted line is necessary for the firm to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Euston)to be in the office at the appropriate time.
I am planning to acquire a house and need a conveyancing solicitor in Euston who is on the Britannia solicitor. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Britannia in certain locations such as Euston. We dont recommend any particular firm.
I need to find a conveyancing solicitor for my conveyancing in Euston. I happened to discover a site which looks to be the ideal answer If it is possible to get all formalities completed via web that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Jane (my partner) and I may need to sub-let our Euston 1st floor flat for a while due to a new job. We used a Euston conveyancing firm in 2003 but they have closed and we did not have the foresight to seek any advice as to whether the lease permits subletting. How do we find out?
Some leases for properties in Euston do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably withhold but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
Leasehold Conveyancing in Euston - Sample of Queries before buying
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What restrictions exist in the Euston Lease? Are any of leasehold owners in dispute over their service charge liability? How much is the ground rent and service charge?