I am acquiring a ground floor flat in Reddish. My Solicitor is not listed on the mortgage company conveyancing panel. Is it possible for me to continue with my Reddish conveyancing solicitor even though they are not on the bank panel?
You will need to instruct a conveyancing practitioner to deal with the legal work required when you require a mortgage to purchase your property. They will carry out all the necessary due diligence on the property, ensuring that you’re properly registered as the owner and ensure that all the required mortgage documentation is in place. One can appoint a Reddish property lawyer of your choosing. However, where the property lawyer appointed is not a member of the lender conveyancing panel supplemental charges will arise as separate legal representation will be need by the bank. Bank panel applications can be submitted, so if your solicitor has not in the past sought membership they should take the opportunity to apply.
What is the first thing I need to know concerning purchase conveyancing in Reddish?
You may not hear this from too many lawyers but conveyancing in Reddish and elsewhere in Greater Manchester is an adversarial process. In other words, when it comes to conveyancing there is plenty of opportunity for friction between you and other parties involved in the house moving process. E.g., the vendor, selling agent and sometimes the lender. Appointing a lawyer for your conveyancing in Reddish an important selection as your conveyancer is your adviser, and is the SOLE person in the legal process whose role it is to protect your best interests and to protect you.
On occasion a third party with a vested interest will try and convince you that it is in your interests to do things their way. For instance, the selling agent may claim to be assisting by claiming that your solicitor is slow. Or your financial adviser may try to convince you to do something that is contrary to your lawyers advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
My Solicitor in Reddish has never been on on the Santander Conveyancing Panel. Can I still use my family solicitor notwithstanding that they are not on the Santander panel?
Your options are as follows:
- Complete the purchase with your existing Reddish solicitors but Santander will need to instruct a solicitor on their list of acceptable firms. This will result in additional overall conveyancing charges and result in delays.
- Find a new solicitor to to deal with the conveyancing, obviously checking they are on the Santander panel
Do I need to take out insurance to cover chancel repairs when buying a property in Reddish?
Unless a prior acquisition of the property took place post 12 October 2013 you can expect conveyancing practitioners handling conveyancing in Reddish to continue to recommend a chancel search and or insurance against a claim.
Is it simple use your search app to find a conveyancing practitioner in Reddish on the authorised to act for my bank?
First pick a lender such as Halifax, Norwich and Peterborough Building Society or TSB then specify your location for example Reddish. Conveyancing practices in Reddish and further afield should be identified.