My partner and I are hoping to acquire a house in Halkyn and have instructed a Halkyn conveyancing practice. Within the past 48 hours our conveyancer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Norwich and Peterborough Building Society have this morning contacted us to advise us that they have now hit a problem as our Halkyn conveyancer is not on their approved list of lawyers. Please explain?
When purchasing a property with mortgage finance it is normal for the purchasers' solicitors to also represent the purchaser's lender. 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 Quality Scheme. Your property lawyer 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 lender’s conveyancing panel as you are at liberty to use your preferred Halkyn lawyers, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
Are the BSA intent on creating a online directory to list firms on the Norwich and Peterborough Building Society conveyancing panel for instance in Halkyn?
We are not aware of any plans on the part of the BSA to promote such a search facility.
I have todaybeen informed that Action Conveyancing have closed. They conducted my conveyancing in Halkyn for a purchase of a leasehold apartment 18 months ago. How can I check that my home is in my name in the name of the former proprietor?
The quickest method to check if the property 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 Halkyn conveyancing specialists.
I have been on the look out for a flat up to £305k and found one near me in Halkyn I like with open areas and railway links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Halkyn suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan that many years will likely be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
I am planning to acquire a house and need a conveyancing solicitor in Halkyn who is on the mortgage company conveyancing panel. Can you recommend a Halkyn or local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the bank who carry out conveyancing in Halkyn. We dont recommend any particular solicitor.