My wife and I are purchasing a 3 bedroom flat in Nether Edge with a mortgage. We would like to retain our Nether Edge conveyancer, however the lender says he's not on their "panel". It seems we have little choice but to use one of the bank panel solicitors or retain our Nether Edge property lawyer as well as pay for one of their panel ones to act for them. We feel that this is inequitable; is there anything we can do?
No, not really. Your mortgage offer 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 Nether Edge conveyancing lawyer to apply to be on the conveyancing panel.
When will exchange of contracts take place for purchase conveyancing in Nether Edge and do I need to be at the lawyers office?
Where you are local to our conveyancing solicitors in Nether Edge you are welcome to come in to sign contracts. However, the law practices we work with supply a national conveyancing service and provide just as diligent and professional a job for you when communicating with you electronically. The signing of the sale agreement is not when everything is set in stone. A signed contract is necessary for the conveyancer to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Nether Edge)to be in the office at the appropriate time.
It has been five months following my purchase conveyancing in Nether Edge took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Are there any apps to assist me to locate a Nether Edge solicitor on the Chelsea Building Society conveyancing panel? I am a keen cyclist and am willing to travel upto 25miles to meet the conveyancer.
You can use the tool on this website. Please pick a bank and your location and you will see a number of Nether Edge conveyancing lawyers based on proximity. We have detailed some Nether Edge conveyancing firms at the bottom of this page and you can contact them to see whether they are on the Chelsea Building Society member panel
I am purchasing a ground floor apartment in Nether Edge. Conveyancing solicitor is awaiting, from the seller, building insurance schedule. This afternoon I was advised that the vendor needs to forward the insurance documents for the flat above in addition. Why does my conveyancer want to review the insurance for the flat above? Is it really required? We have been stalled for the last fortnight…
It is not impossible in leasehold conveyancing in Nether Edge to discover Conveyancing in Nether Edge in a minority of cases reveals that the lease requires the leasehold owners to insure their individual flats rather than the freeholder insuring the complete block - which is clearly better. Do contact your solicitor but it would appear that your lawyer is looking to verify that the complete building is insured. Insuring your apartment is no help when it comes to rebuilding after a fire if the other flat cannot be rebuilt as a result of lack of insurance cover.