My wife and I are purchasing a 1 bedroom flat in Highams Park with a mortgage. We have a Highams Park solicitor, however the mortgage company advise she’s not on their "panel". We have to appoint one of the lender panel conveyancing practices or retain our Highams Park conveyancer as well as pay for one of their panel firms to represent them. We regard this is inequitable; is there anything we can do?
No, not really. 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 Highams Park conveyancing lawyer to apply to be on the conveyancing panel.
Do lawyers request money on account for my conveyancing in Highams Park?
If you are buying a property in Highams Park your lawyer will request that you place them with monies to cover the the cost of the conveyancing searches. Generally this is requested to cover the fees of the conveyancing searches. If any down payment is payable against the total price then this should be required immediately prior to exchange of contracts. The final balance that is needed should be sent to your lawyer shortly before completion.
My property lawyer in Highams Park has never been on on the Accord Mortgages Ltd Approved Panel. Can I still continue with my family solicitor even though they are not on the Accord Mortgages Ltd list of approved lawyers?
Your options are as follows:
- Carry on with your existing Highams Park solicitors but Accord Mortgages Ltd will need to retain a lawyer on their list of acceptable firms. This will result in additional total conveyancing fees as well as cause delays.
- Choose a new solicitor to to deal with the purchase, obviously checking they are Accord Mortgages Ltd approved.
- Try to convince your Accord Mortgages Ltd solicitor to seek to join the Accord Mortgages Ltd panel
About to purchase a new build apartment in Highams Park. Conveyancing is daunting 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 conveyancing.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Highams Park
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. 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.
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At this site secure a fixed fee quote via a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Highams Park. As opposed to estate agents and many comparison sites we do not operate commission arrangements with solicitors. Many agents and online brokers 'recommend' the firm that pays the highest commission, not the best value conveyancing in Highams Park