We are purchasing a 3 bedroom apartment in Plympton with a mortgage. We have a Plympton solicitor, however the lender says she’s not on their "panel". We have to appoint one of the lender panel firms or retain our Plympton solicitor and pay for one of their panel ones to act for them. We regard this is inequitable; is there anything we can do?
No, not really. The mortgage offered to you 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. Another option that might be available is for your Plympton conveyancing solicitor to apply to be on the conveyancing panel.
We're in Plympton, FTBs purchasing with a mortgage (lender is Aldermore , and our lawyer is on the Aldermore conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Aldermore conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
five months have gone by since my purchase conveyancing in Plympton completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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 property 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.
My step-father has suggested that I use his conveyancers in Plympton. Should I use them?
No doubt it’s preferable to select a conveyancing practitioner is to get referrals from friends or family who have used the solicitor you're are thinking of instructing.
I am buying a house and require a conveyancing solicitor in Plympton who is on the bank conveyancing panel. Can you recommend a Plympton or local Plympton solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who do conveyancing in Plympton. We dont recommend any particular solicitor.