My fiance and I are hoping to buy a property in Ripley and have instructed a Ripley conveyancing practice. Within the last couple of days our solicitor has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Skipton Building Society have this evening contacted us to inform me that they have now hit a problem as our Ripley solicitor is not on their approved list of lawyers. Please explain?
If you are buying a property with the assistance of a mortgage it is conventional for the purchasers' lawyers to also act for the mortgage company. 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 solicitor 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 lawyers to represent them. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own Ripley solicitors, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
Can I use your services to locate a Conveyancing solicitor in Ripley even if I’m not buying or selling a house, for instance where I wish to acquire an office in Ripley with a loan from Bank of Ireland?
Our search tool is predominantly used to locate residential conveyancing solicitors in Ripley but we have set out at the end of this page a few Ripley commercial conveyancing firms. You will need to enquire with the firm directly to see if they can also act for Bank of Ireland
A relative recommended that if I am buying in Ripley I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Ripley conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Ripley around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Ripley Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data about Ripley.
I'm converting the mortgage on my existing property to a buy to let mortgage with Chelsea Building Society and I will use the rest of the raised equity as a deposit on another property. The location we are talking about is Ripley. Will your lawyers be able to act for the two banks and tie in the two deals?
Do use our comparison tool on this site to check that the solicitors are on the relevant lender panels. Assuming that they are your solicitor should be able to connect the two transactions but you should talk with you lawyer and make clear your expectations and requirements.
Online reading suggests that Ripley solicitors are more costly than Ripley conveyancers in Ripley when it comes to purchasing a property. So is it better if I use a conveyancer or a solicitor if I am buying for my home move in Ripley.
When it comes to conveyancing in Ripley the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.