Me and my fiance are planning to buy a 2 bedroom apartment in Montpelier with a mortgage. We like our Montpelier solicitor, but the mortgage company advise she’s not on their "panel". We have to appoint one of the bank panel conveyancing practices or retain our Montpelier conveyancing practitioner and pay for one of their panel firms to represent them. We regard this is inequitable; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’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 Montpelier conveyancing solicitor to apply to be on the conveyancing panel.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Is the implication that I have to use their panel solicitor as I would much rather instruct a Montpelier based conveyancing firm?
Do check but the the probability is that appoint one of their panel solicitors if you accept the "fee-free" offer. Contact the mortgage company to check if they allow a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Montpelier.
Are there restrictive covenants that are commonly picked up during conveyancing in Montpelier?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Montpelier. 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…’
How does the Landlord & Tenant Act 1954 affect my business offices in Montpelier and how can you help?
The 1954 Act gives a safeguard to commercial leaseholders, granting the a statutory right to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Montpelier is one of our numerous areas of the UK in which our lawyers are located
I am using a search engine for the words on line conveyancing in Montpelier it brings up numerous property lawyersin the vicinity. How do I determine which is the right conveyancer for me?
The ideal way of finding the right conveyancer is via personal testimonial, so ask friends and those you trust who have bought a property in Montpelier or the local estate agent or financial adviser. Charges for conveyancing in Montpelier vary, so it's advisable to secure at least four fee estimates from varying types of law firms. Dont forget to clarify that the fees are fixed.