My husband and I are hoping to acquire a home in Mildmay and have instructed a Mildmay conveyancing practice. Within the past 48 hours our conveyancer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Godiva Mortgages Ltd have this morning contacted us to inform me that they have now hit a problem as our Mildmay solicitor is not on their conveyancing panel. What do we do from here?
Where you are buying a property with the assistance of a mortgage it is usual for the purchasers' lawyers to also act for 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 solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel as you are at liberty to use your preferred Mildmay lawyers, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
I am selling my home in Mildmay. Will my lawyer have to be required to be on the Barclays conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently in recent years.
I am buying a house and the conveyancer has raised the issue of Chancel Repair to which the house could be liable given it’s proximity to the area of such a church. He has recommended insurance. Is this strictly warranted for conveyancing in Mildmay
Unless a previous purchase of the premises took place after 12 October 2013 you may assume that lawyers handling conveyancing in Mildmay to remain encouraging a chancel search and or chancel repair liability insurance.
My uncle has recommend that I instruct his conveyancers in Mildmay. Do I follow his advice?
There are no two ways about it it’s preferable to choose a conveyancing lawyer is to get feedback from friends or family who have previously instructed the firm that you are are thinking of instructing.
I have been looking for Mildmay conveyancing quotes online. Can I be sure that all the Mildmay firms that are listed on your directory are on the mortgage company conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the mortgage company panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Mildmay conveyancing solicitor being on the mortgage company conveyancing panel is incorrect.