My partner and I are planning to purchase a home in Pevensey and are in fact using a Pevensey conveyancing practice. Within the past 48 hours our property lawyer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Barnsley Building Society have this evening contacted us to advise us that there is now an issue as our Pevensey lawyer is not on their approved list of lawyers. Is this a problem?
If you are buying a property needing a mortgage it is usual for the purchasers' solicitors to also act for 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 Accreditation Scheme. Your solicitor should contact your bank 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 don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Pevensey lawyers, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
Can you explain why leasehold purchase conveyancing in Pevensey is more expensive?
Pevensey leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
My property lawyer in Pevensey is not on the Platform Home Loans Ltd Approved Panel. Is it possible for me to retain my prefered solicitor even though they are not on the Platform Home Loans Ltd panel?
The limited options open to you here include:
- Complete the purchase with your existing Pevensey solicitors but Platform Home Loans Ltd will need to use a lawyer on their panel. This will result in additional total legal charges and cause delays.
- Choose a new solicitor to to deal with the purchase, not forgetting to check they are on the Platform Home Loans Ltd panel
Do commercial conveyancing searches reveal impending roadworks that may impact a commercial site in Pevensey?
Many commercial conveyancing solicitors in Pevensey will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Pevensey. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Pevensey.
For each commercial conveyancing transaction in Pevensey it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to Pevensey commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Pevensey.
I am downsizing from my property. My previous lawyers have shut. I am in need of a recommendation of a conveyancing firm. Im based in Pevensey if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Pevensey. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.