My wife and I are buying a maisonette in Mawsley. My lawyer is not on the bank conveyancing panel. Can I still use my Mawsley conveyancing solicitor even though they are excluded from the lender panel of approved conveyancing solicitors?

You must use a conveyancer to deal with the formalities when you require a loan to purchase your home. The conveyancer will carry out all the appropriate legal checks on the property, ensuring that you will be properly registered as the owner and ensure that all the necessary mortgage documentation is in order. You can instruct a Mawsley conveyancing practitioner of your choice. Nevertheless, where the lawyer selected is not on the mortgage company approved list additional charges will arise as separate legal representation will be need by the mortgage company. Bank panel applications may be submitted, so provided your solicitor has not in the past sought membership they should do so.

How does conveyancing in Mawsley differ for new build properties?

Most buyers of new build or newly converted property in Mawsley approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because house builders in Mawsley tend to purchase 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 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 used to new build conveyancing in Mawsley or who has acted in the same development.

I opted to have a survey carried out on a house in Mawsley ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some lenders will not issue a mortgage on this type of house.

It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Mawsley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Mawsley to see if the conveyancing costs will increase in light of this.

I was recommended by three or four local selling agents in Mawsley to get a quote from a conveyancer on your site. What’s the financial upside for Estate Agents to market your site ahead of alternative conveyancing organisations?

We don’t offer any financial incentive for pointing buyers and sellers in our direction. We found it would be just too difficult to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.

I was informed by my mortgage company that their panel lawyers operate no completion no fee basis for conveyancing in Mawsley. My purchase did not proceed nevertheless the lawyers want search fees! They are stating that the fees are nothing to do with their fees!

Mawsley conveyancing search fees are disbursements not legal costs as these are payable to a third party.