I am acquiring a maisonette in Penley. My lawyer is not listed on the bank conveyancing list. Am I still permitted to continue with my Penley conveyancing solicitor even though they are excluded from the mortgage company panel?
Various options include
- Proceed with your existing Penley solicitor but your lender will need to use a conveyancing practitioner on their approved panel. This will result in additional charges and potential interruption.
- Appoint a new solicitor to conduct the conveyancing, obviously checking they are on the bank conveyancing panel.
- Convince your lawyer to seek to join the mortgage company panel
How do I find out if the solicitor handling my conveyancing in Penley is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Aldermore thus paying £192.00 in supplemental conveyancing charges.
You should make the most of the search tool on this web page. Pick the lender and type ‘Penley’ or your location and you will discover a number of lawyer based in Penley or by proximity to you.
How does conveyancing in Penley differ for newly converted properties?
Most buyers of new build residence in Penley approach us having been asked by the builder to sign contracts and commit to the purchase even before the house is ready to move into. This is because builders in Penley typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Penley or who has acted in the same development.
I am looking into buying my first house which is in Penley and I am already nervous. I couldn't find anything specific about Penley. Conveyancing will be needed in due course but do you know about the Penley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Penley. In the meantime here are some basic statistics that we found
My husband and I are new to the buying process - agreed a price, yet the estate agent told us that the owners will only issue a contract if we instruct their preferred solicitors as they need an ‘expedited deal’. My instinct tells me that we should use a local solicitor accustomed to conveyancing in Penley
We suspect that the owner is not behind this demand. If they require ‘a quick sale', turning down a serious purchaser is counter productive. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you are going to instruct your own,trusted Penley conveyancing lawyers - rather thanthe ones that will provide the negotiator at the agency a referral fee or hit his conveyancing figures pre-set by corporate headquarters.