My fiance and I are buying a newbuild apartment in Lincolnshire with a mortgage from Bank of Scotland.We have a Lincolnshire conveyancing solicitor but Bank of Scotland says he's not on their "panel". It seems we have no choice but to instruct a Bank of Scotland panel lawyer or keep our local solicitor and fork out for a Bank of Scotland panel lawyer to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The home loan offered to you contains various provisions, a common one being that conveyancers will be on the Bank of Scotland conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could find 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 solicitors to apply to be on the conveyancing panel for Bank of Scotland
Just bought a terraced house in Lincolnshire , how long should it take for the Land Registry to register my title? My Lincolnshire conveyancing solicitor has been very slow, so I want to be certain that my name is recorded.
There is nothing unique about conveyancing in Lincolnshire registration formalities. As opposed to being determined by geographic area, timescales can adjust subject to who lodges the application, whether it is in order and if the Land registry must send notices to any 3rd parties. Currently in the region of three quarters of such applications are completed within two weeks but occasionally there can be protracted hold-ups. Registration occurs once the new owner is living at the premises therefore 'speed' is not typically top priority but where it is urgent that the the registration takes place urgently then you or your conveyancer could communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Lincolnshire differ for newly converted properties?
Most buyers of new build premises in Lincolnshire approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is completed. This is because developers in Lincolnshire tend to buy the real estate, 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 conveyancers 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 accustomed to new build conveyancing in Lincolnshire or who has acted in the same development.
I need to retain a conveyancing solicitor for residential conveyancing in Lincolnshire. I happened to chance upon a site which appears to be the ideal offering If there is a chance to get all formalities done via email that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I require the services of a lender panel solicitor in Lincolnshire. Can you assist?
Unfortunately it’s not apparent why you need a Lincolnshire panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Lincolnshire are on their panel . If you do find such a firm in Lincolnshire not listed please direct them to our site to list. After all the cost is only one £1 a month