My fiance and I are buying a 1 bedroom apartment in Grove with a loan from Britannia.We use our Grove conveyancing lawyer but Britannia says she’s not on their "panel". we are left little option but to use a Britannia panel lawyer or retain our local solicitor and fork out for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The loan offered to you is subject to its various provisions, one of which will be that lawyers will be on the Britannia approved list. in the past, most lenders had large numbers of solicitors 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. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Britannia
How does conveyancing in Grove differ for newly converted properties?
Most buyers of new build or newly converted property in Grove approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is built. This is because new home sellers in Grove typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Grove or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £195,000 and found one round the corner in Grove I like with a park and railway links in the vicinity, however it's only got 52 years unexpired on the lease. There is not much else in Grove for this price, so just wondered if I would be making a mistake buying a short lease?
If you need a home loan that many years will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
Taking into account that I am about to part with over three hundred thousand on 3 bedroom house in Grove I wish to talk to a solicitor about mytransaction ahead of instructing the firm. Can this be arranged?
Absolutely - we would be delighted to talk to you we do not take any clients on without you liaising with the solicitor who will be carrying out your conveyancing in Grove.There is no ‘factory style conveyancing’ - each client is unique person, not a file number. The practices that we put you in touch with believe that the fees you are quoted for residential conveyancing in Grove should be the amount on the final invoice that you are charged.
We're new on the property ladder - agreed a price, but the agent advised that the vendor will only go ahead if we instruct their preferred conveyancers as they need an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer accustomed to conveyancing in Grove
We suspect that the seller is unaware of this request. If they desire ‘a quick sale', alienating a motivated purchaser is going to damage their objectives. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you intend to instruct your preferred Grove conveyancing firm - not the ones that will provide their negotiator at the agency a introducer fee or achieve conveyancing figures demanded by senior management.