Me and my partner are purchasing a 3 bedroom apartment in Hove with a mortgage. We like our Hove lawyer, but the mortgage company advise she’s not on their "panel". We have to appoint one of the mortgage company panel solicitors or continue with our Hove lawyer and pay for one of their panel ones to represent them. We consider that this is inequitable; can we not require that the lender use our Hove property lawyer ?
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 bank’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 Hove conveyancing solicitor to apply to be on the conveyancing panel.
Do conveyancers ask for money up-front for conveyancing in Hove?
Where you are retaining lawyers for conveyancing in Hove your lawyer will request that you to provide them with monies to cover the the cost of the conveyancing searches. Normally this is called for to cover the fees of the conveyancing searches. If any down payment is as part of the purchase price then this will be needed immediately ahead of exchange of contracts. Any further balance that is needed should be sent to your lawyer a couple of days prior to the day of completion.
We are selling our home in Hove. Will the lawyer have to be on the Yorkshire BS conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Yorkshire BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently currently.
How does conveyancing in Hove differ for new build properties?
Most buyers of new build property in Hove contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Hove typically buy the site, 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 conveyancing solicitors 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 used to new build conveyancing in Hove or who has acted in the same development.
What is different about your site and other internet conveyancing brokers for conveyancing in Hove?
At this site receive an accurate quote via a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Hove. Unlike many estate agents and brokerage sites we are not in the business of charging firms a fee if you instruct them for your property ownership legalities in Hove