My flat in Navenby is up for sale and I have a buyer. Will my solicitor have to be required to be on the Aldermore conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Aldermore 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 panel criteria fairly frequently at the moment.
Forgive me if this question is silly but I am wet behind the ears as a 1st time purchaser of a two bedroom flat in Navenby. Do I receive the keys to the house on completion from my lawyer? If so, I will find a local conveyancing solicitor in Navenby?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the completion advance to the vendor’s lawyers, and once they have received this, you should be called to pick up the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
My aunt pointed out to me me that in buying a property in Navenby there may be various restrictions prohibiting external changes to the property. Is this right?
We are aware of anumerous of properties in Navenby which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Navenby should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I recently had an offer agreed on an apartment in Navenby. My mortgage broker recommended their conveyancers. I paid an on account payment of £150. Shortly after, the conveyancing practitioner contacted me to say that they were not on the Santander conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Santander panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Do I need to be concerned by third parties that I am dealing with are encouraging me to use a nationwide conveyancing firm as opposed to a local Navenby conveyancing practice?
As with lots of professional services, often recommendations from family and friends can be extremely useful or valuable. But there are many players in a conveyancing transaction; estate agents, financial adviser and mortgage companies might all suggest solicitors to use. On occasion these lawyers might be known to one of the organisations as one of the best in their field, but sometimes there may be a financial incentive behind the recommendation. You have the right to choose your own conveyancer. Don't forget that most banks operate an approved list of law firms you are obliged to use for the mortgage aspect of your home move.
We're FTB’s - had an offer accepted, but the estate agent advised that the owners will only issue a contract if we instruct the agent's chosen lawyers as they need a ‘quick sale’. My instinct tells me that we should use a high street conveyancer accustomed to conveyancing in Navenby
It is improbable the sellers are behind this. If they desire ‘a quick sale', alienating a motivated buyer is likely to cause more damage than good. Bypass the agents and go straight to the sellers and make sure they comprehend that (a)you are genuine purchasers (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you intend to appoint your own,trusted Navenby conveyancing lawyers - as opposed tothe ones that will earn the estate agent a referral fee or achieve conveyancing thresholds demanded by HQ.
I have chosen a Navenby conveyancing solicitor for our house purchase (first time buyers) and have picked up in the Ts and Cs that they are not regulated by the Financial Conduct Authority. Am I right to be worried or is that standard with property lawyer?
We can't see why they should be. Most conveyancer don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who dictate strict laws in place on funds held on client account.