My fiance and I are hoping to buy a property in Kirkby In Furness and have appointed a Kirkby In Furness conveyancing firm. Within the past 48 hours our lawyer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Santander have this evening contacted us to advise us that there is now an issue as our Kirkby In Furness lawyer is not on their conveyancing panel. Is this a problem?
When purchasing a property with the benefit of a mortgage it is standard for the purchasers' lawyers to also represent the mortgage company. 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 Accreditation 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 Kirkby In Furness lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
Completed the sale of my flat in Kirkby In Furness last September yet the purchaser is calling daily to say his conveyancer is waiting to hear from myconveyancer. What are the post completion sale legalities now that I have sold?
Following your disposal your lawyer is committed to deliver the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Where appropriate, your conveyancer must also confirm that the mortgage has been discharged to the purchasers solicitors. There is unlikely to be post completion tasks peculiar conveyancing in Kirkby In Furness.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Kirkby In Furness. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 26/9/2023, the requirements read as follows :
I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Kirkby In Furness is the location of the property. Can you shed any light on this issue?
Flying freeholds in Kirkby In Furness are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Kirkby In Furness you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kirkby In Furness may decide 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 property.
Finally, a mortgage offer from a mortgage company for the remortgage of my 3 bedroom flat is coming by the end of next week. Could you recommend an efficient remortgage conveyancing solicitor in Kirkby In Furness ?
This site is not designed to help in pursuit of a cheap conveyancing solicitors in Kirkby In Furness. Our goal is to offer value for money conveyancing but we do not aim to work with the cheapest lawyers. Resist the temptation to appoint brokers offering low cost conveyancing in Kirkby In Furness.At best, in going for cheap conveyancing, you will end up with what you pay for and at worst you will end up invoiced for extras and still not receive the service required.