Me and my partner are planning to buy a 3 bedroom apartment in Hucknall with a mortgage. We have a Hucknall lawyer, however the mortgage company advise she’s not on their "panel". We have to appoint one of the bank panel firms or keep our Hucknall conveyancer as well as pay for one of their panel firms to represent them. This seems very unfair; can we not require that the bank use our Hucknall conveyancer ?
No, not really. Your mortgage offer 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. Another option that might be available is for your Hucknall conveyancing solicitor to apply to be on the conveyancing panel.
We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Does this mean I have to use their panel conveyancer as I would prefer to appoint a local conveyancing solicitor in Hucknall?
You should check but the the probability is that give you one of their panel conveyancers should you want the "fee-free" offer. Contact the lender to determine if they offer you a cash alternative. In the past a few lenders offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Hucknall.
What can a local search inform me concerning the house my wife and I buying in Hucknall?
Hucknall conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations such as Searches UK The local search plays a central role in most Hucknall conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your new home. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
It has been 2 months following my purchase conveyancing in Hucknall took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. 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.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Hucknall is the location of the property. What do you suggest?
Flying freeholds in Hucknall are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hucknall you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hucknall may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.