My husband and I are purchasing a 1 bedroom flat in Frinton and Walton with a mortgage. We have a Frinton and Walton lawyer, however the mortgage company says he's not on their "panel". We have to appoint one of the bank panel solicitors or retain our Frinton and Walton lawyer as well as pay for one of their panel lawyers to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage offered to you 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 Frinton and Walton conveyancing lawyer to apply to be on the conveyancing panel.
My wife and I are soon to complete on the purchase of a property in Frinton and Walton but as a result of wreckage from the recent storms I have managed to agree reparation from the current proprietors of £3k in the form of a reduction in the price. This was going to be addressed as part of the conveyancing process but Kent Reliance are not allowing this. Should they have been approached?
Your conveyancing practitioner being on the Kent Reliance approved list is obliged to inform Kent Reliance of any variations to the sale price. If you prohibit your lawyer to report the reduction to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new solicitor for your conveyancing in Frinton and Walton.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Does this mean I have to use their panel conveyancer as I would much rather instruct a Frinton and Walton based conveyancing firm?
Do check but the chances are that give you one of their panel solicitors where you accept the "fee-free" incentive. Speak to the lender to see if they offer you a monetary alternative. Some lenders have previously offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor in Frinton and Walton.
I have recentlyfound out that Action Conveyancing have been shut down. They carried out my conveyancing in Frinton and Walton for a purchase of a leasehold flat 18 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The easiest way to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Frinton and Walton conveyancing specialists.
I am purchasing a house with all finances in place. My lawyer has been handed with two separate forms of photo ID, bank statement, numerous utility bills. Now he needs a copy from a probate lawyer advising that the money is in order and that it has come from inheritance and not dealing E's in Ibiza.
In today’s world you will not be able to complete any Frinton and Walton conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Proof of your source of funds is required under Money Laundering laws.