My partner and I are looking to buy a flat in Petersham and are in fact using a Petersham conveyancing firm. Within the last couple of days our property lawyer has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Godiva Mortgages Ltd have this afternoon contacted us to inform me that there is now an issue as our Petersham lawyer is not on their conveyancing panel. Is this a problem?
Where you are buying a property needing a mortgage it is usual for the purchasers' lawyers to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own Petersham solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.
Finally the sale completed on my house in Petersham last November yet the purchaser is Skype messaging every few hours to moan that her solicitor needs to hear from myconveyancer. What are the post completion sale formalities now that I have sold?
Following your house sale your solicitor is obliged to send the transfer documentation and all additional paperwork to the buyer’s solicitors. Depending on the transaction, your lawyer must also send confirmation that the legal charge in favour of the lender has been repaid to the purchasers lawyers. There is unlikely to be post completion procedures just for conveyancing in Petersham.
I am planning to acquire a house and require a conveyancing solicitor in Petersham who is on the Norwich and Peterborough Building Society conveyancing. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Norwich and Peterborough Building Society in certain locations such as Petersham. We dont recommend any particular firm.
I am looking to sell my home. My previous lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Petersham if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in Petersham. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
Is there a reason that Petersham conveyancing charges are more expensive for leasehold and freehold properties?
If acquiring a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control