We wanted to use a property lawyer in Ferryhill for our house move. Our broker informed us that our bank Aldermore won't deal with them. Why is this not regarded as unfair competition?
A bank can insist on an approved solicitor act for it. Borrowers are liable to bear the cost of this. Try using our directory service to select a solicitor to carry conveyancing in Ferryhill on the Aldermore member panel.
I have decided to exercise my right to buy my property in Ferryhill off the council. I have a mortgage agreed with RBS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with RBS, you will need to appoint a solicitor on the RBS conveyancing panel.
I recently had an offer agreed on an apartment in Ferryhill. My mortgage broker suggested a lawyer. I paid an advanced payment of £150. A few days later, the solicitor called me to say that they were not on the Virgin Money conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Virgin Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I was told three weeks ago that my mortgage has been agreed to by Virgin Money. Is it usual for Virgin Money to only issue the offer once my solicitor in Ferryhill is approved on their conveyancing panel? Virgin Money have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
Various online forums that I have visited warn that are the primary cause of hinderance in Ferryhill house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature within the common causes of delays during the legal transfer of property. Searches are not likely to be the root cause of delay in conveyancing in Ferryhill.
In my capacity as executor for the will of my uncle I am selling a house in Swansea but live in Ferryhill. My solicitor (based 250 miles awayrequires that I execute a stat dec prior to the transaction finalising. Could you suggest a conveyancing solicitor in Ferryhill who can attest and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are based in Ferryhill
I pay a service charge for my property in Ferryhill. As a result of personal circumstances I fell behind with payments. The freeholders agreed a settlement plan but there remains about £3000 outstanding at the current time.
I now wish to sell and I am panicking this can hold me back if I have to pay off the arrears now. I'd like to sell up and subsequently repay the debt from the completion monies - is this possible?
Your lawyer should be able to negotiate with the management company, and agree with them whether or not they would accept settlement from completion monies. Here is an example of why it is sensible to instruct a conveyancer in Ferryhill as they are likely to enjoy a strong line of communication with the parties.