It has come to my attention via my broker that my Newbury solicitor is not on the lender Solicitor panel. How can I check?
You need to contact your Newbury lawyer directly. It is reasonable to expect your lawyer to notify you of the situation. Where they are not on the panel they may be able to suggest a Newbury conveyancing firm that is on the conveyancing panel for your mortgage company.
My husband and I decided to purchase a 1 bedroom flat in Newbury with a homeloan from Birmingham Midshires.We like our Newbury conveyancing solicitor but Birmingham Midshires says his firm is not on their "panel". It seems we have no choice but to instruct a Birmingham Midshires panel lawyer or keep our high street solicitor and fork out for a Birmingham Midshires panel lawyer to act for them. We feel as though this is unjust; Can we not simply insist that Birmingham Midshires use our lawyer?
Unfortunately,no. The home loan offered to you contains terms and conditions, one of which will be that conveyancers will be on the Birmingham Midshires approved list. Until recently, most mortgage companies had large numbers of solicitors on their panels: a borrower could find 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 lawyer to apply to be on the conveyancing panel for Birmingham Midshires
As co-executor for the estate of my grandfather I am disposing of a residence in Swansea but live in Newbury. My conveyancer (based 300 kilometers awayhas requested that I sign a stat dec before completion. Can you recommend a conveyancing solicitor in Newbury to attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are based in Newbury
I am in need of some leasehold conveyancing in Newbury. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
Assuming the lease is registered - and 99.9% are in Newbury - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Newbury Leasehold Conveyancing - Sample of Questions you should consider before Purchasing
Does the lease include onerous restrictions? Best to be warned whether a new roof is being put on or some other significant cost is due shortly that will be shared between the tenants and may well dramatically increase the the service charges or require a specific invoice. For most Newbury leaseholds the outlay for major works are not wrapped into the maintenance charges, albeit that there some managing agents in Newbury ask leaseholders to contribute towards a sinking fund created for the specific intention of establishing a fund for major repairs or maintenance.
Why can't I complete my conveyancing in Newbury on May bank holiday?
This is due to the fact that on completion the sale price will be transferred electronically between the banks of the buyer and owner’s property lawyer and currently this can only happen on a business day. It is not possible to complete on a weekend either.