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Find a Montpelier Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Montpelier? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Montpelier transaction at risk of delay or failure.

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Recently asked questions about conveyancing in Montpelier

I am one month into the sale of my apartment in Montpelier and the estate agent has just e-mailed to advise that the purchasers are changing their law firm. The reason given is that the bank will only engage with solicitors on their approved list. On what basis would a big named lender only work with certain solicitors rather the firm that they want to select to handle their conveyancing in Montpelier ?

Mortgage companies have always had an approved set of law firms they are content to work with, but in the last few years big names such as Yorkshire Building Society, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for over 25 years.

Banks justify this action to a rise in fraud by way of justification for the reduction – criteria have been narrowed as a smaller panel is easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The buyers are unlikely to have any impact on this.

My relative suggested that where I am purchasing in Montpelier I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

This is a search is occasionally quoted for as part of the standard Montpelier conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Montpelier around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Montpelier Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Montpelier Education with maps and statistics, Local Amenities and other useful data concerning Montpelier.

Me and my brother own a renovated Victorian property in Montpelier. Conveyancing practitioner acted for me and Bank of Scotland. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold under the exact same address. I'd like to know for sure, how can I find out??

You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Montpelier and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing practitioner who conducted the purchase.

Due to the advice of my in-laws I had a survey completed on a house in Montpelier before appointing solicitors. I have been told that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies tend refuse to issue a mortgage on such a home.

It depends who your proposed lender is. HSBC has different instructions from Nationwide. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Montpelier. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Montpelier to see if the conveyancing costs will increase in light of this.

In scouring the world wide web for the term cheap conveyancing in Montpelier it brings up many solicitorsin the vicinity. With so much choice what is the best way to find the suitable property lawyer for the sale of my house?

The ideal way of seeking the right conveyancer is via personal recommendation, so enquire of colleagues and those you trust who have acquired a property in Montpelier or a reputable estate agent or financial adviser. Charges for conveyancing in Montpelier differ, so it's a good idea to request at least three estimates from varying types of property lawyers. Dont forget to clarify that the fees are fixed.

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Find out more about how flying freehold can affect your the value of a property.