We are intending to acquire a 3 bedroom flat in Gravesend with a mortgage. We would like to retain our Gravesend lawyer, but the mortgage company advise she’s not on their "panel". It appears that we have little option but to appoint one of the bank panel firms or keep our Gravesend solicitor and pay for one of their panel ones to represent them. We consider that this is inequitable; are we not able to require that the lender use our Gravesend lawyer ?
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 Gravesend conveyancing solicitor to apply to be on the conveyancing panel.
At what point does exchange of contracts happen for purchase conveyancing in Gravesend and do I need to attend the solicitors office?
Where you are local to one of the conveyancing solicitors in Gravesend you are welcome to come in to sign the paperwork. However, the lender approved solicitors we recommend supply a national conveyancing service and provide just as comprehensive and professional a job for you when communicating with you digitally. The executing of the contract is not when everything is set in stone. Signing on the dotted line is necessary for the conveyancer to officially exchange when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Gravesend)to be in the office available at the end of the phone to exchange contracts.
Our bank has suggested a law firm on their panel based in Gravesend but I would rather instruct a conveyancing lawyer in Gravesend or nearer to where I live. Are you able to help?
Far from all Gravesend conveyancing practices are approved and listed on all lender’s conveyancing panel. Please make use of our find an approved solicitor tool to find a Gravesend conveyancing conveyancer on the on the mortgage company panel.
I am buying a new build apartment in Gravesend. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Gravesend
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
Should I appoint a Gravesend conveyancing solicitor who is local to the property I am purchasing? An old friend can perform the legal formalities but his firm is located approximately 350kilometers away.
The primary upside of using a high street Gravesend conveyancing practice is that you can drop in to execute documents, hand in your identification documents and pester them where appropriate. Having local Gravesend know how is a benefit. However it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and they were content that should surpass using an unfamiliar Gravesend conveyancing solicitor just because they are local.