My fiance and I are buying a newly converted apartment in Hatch and Old Basing with a residential mortgage from Norwich and Peterborough Building Society.We use our Hatch and Old Basing conveyancing solicitor but Norwich and Peterborough Building Society informed us he's not listed on their "panel". We have to appoint a Norwich and Peterborough Building Society panel solicitor or retain our local solicitor and fork out for a Norwich and Peterborough Building Society panel lawyer to act for them. This seems very unfair; is there anything we can do?
Unfortunately,no. The loan offered to you is subject to its terms and conditions, a common one being that conveyancers needs to be on the Norwich and Peterborough Building Society solicitor panel. in the past, most mortgage companies 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. A further alternative is for your solicitors to apply to be on the conveyancing panel for Norwich and Peterborough Building Society
What is the difference between a licensed conveyancer and conveyancing solicitor in Hatch and Old Basing
There are many recorded licenced Conveyancers in Hatch and Old Basing and Solicitor practices in Hatch and Old Basing offering conveyancing We would stress that the two are regulated professionals specialising in the legal work in transferring property. Both can conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Can I be sure that the Hatch and Old Basing conveyancing solicitor on the Leeds Building Society panel is any good?
When it comes to conveyancing in Hatch and Old Basing getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer handling your transaction.
I have decided to exercise my right to buy my property in Hatch and Old Basing off the council. I have a mortgage offer with Bank of Ireland. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have 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 Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
We are selling our property in Hatch and Old Basing and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. A local conveyancer would know this is not the case. It does beg the question why the purchasers are using an online conveyancing firm rather than a conveyancing solicitor in Hatch and Old Basing. Having lived in Hatch and Old Basing for 4 years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
2 months have elapsed following my purchase conveyancing in Hatch and Old Basing completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the guidance of my in-laws I had a survey completed on a house in Hatch and Old Basing ahead of appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some banks will not issue a mortgage on such a home.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. If you contact us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Hatch and Old Basing. Conveyancing may be slightly more expensive based on your lender's requirements.