My wife and I are hoping to buy a 1 bedroom flat in Knutsford with a mortgage. We would like to retain our Knutsford solicitor, however the mortgage company advise she’s not on their "panel". It appears that we have no choice but to select one of the mortgage company panel firms or keep our Knutsford property lawyer and pay for one of their panel lawyers to represent them. We regard this is inequitable; are we not able to insist that the lender use our Knutsford property lawyer ?
Unfortunately,no. 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 Knutsford conveyancing lawyer to apply to be on the conveyancing panel.
Are there restrictive covenants that are commonly identified as part of conveyancing in Knutsford?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Knutsford. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I opted to have a survey carried out on a property in Knutsford before retaining lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies tend refuse to give a loan on this type of property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. Should you wish to call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Knutsford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Knutsford to see if the conveyancing costs will increase in light of this.
I was pointed in your direction by numerous property agents in Knutsford to choose a conveyancer using your seach tool. What’s the financial inducement for Estate Agents to promote your services rather than a competitor’s?
We refuse to give any referral fee for sending work to this site. We thought it would be too underhand to pay a commission because a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
How much experience do your Knutsford conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Knutsford conveyancing lawyers help thousands of people move home every year and supported plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Knutsford conveyancers have worked on recent similar cases.