We are purchasing a 3 bedroom apartment in Rushden with a mortgage. We have a Rushden solicitor, however the mortgage company says she’s not on their "panel". It seems we have little choice but to appoint one of the lender panel firms or keep our Rushden solicitor as well as pay for one of their panel ones to act for them. This seems very unfair; can we not require that the lender use our Rushden conveyancing practitioner ?
Unfortunately,no. 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 Rushden conveyancing solicitor to apply to be on the conveyancing panel.
My wife and I have recently appointed a conveyancing solicitor in Rushden. I I would like to check whether they are on the TSB approved list of lawyers. Can you assist?
You should e-mail your conveyancer and enquire if they are on the lender panel. Otherwise you should call TSB who may be able to help.
I am purchasing a house and the solicitor has raised the issue of Chancel Repair for which the property may be liable given it’s proximity to the area of such a church. She has suggested insurance. Is this strictly necessary for conveyancing in Rushden
Unless a prior acquisition of the premises completed post 12 October 2013 you may assume that conveyancing practitioners handling conveyancing in Rushden to continue to suggest a chancel search and or chancel repair liability insurance.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Rushden is where the house is located. Is there any advice you can impart?
Flying freeholds in Rushden are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Rushden you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Rushden may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
At long last our conveyancing in Rushden is set to complete this Friday, yet the people I am purchasing off wants to move out the next day at at 2pm. Can I accept such a plan?
You can't complete on a Saturday because the bank systems are not working.