We are purchasing a 1 bedroom flat in South Petherton with a mortgage. We would like to retain our South Petherton conveyancer, but the bank says he's not on their "panel". We have to appoint one of the mortgage company panel solicitors or retain our South Petherton property lawyer as well as pay for one of their panel lawyers to act for them. We consider that this is unjust; are we not able to insist that the mortgage company use our South Petherton solicitor ?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’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. A further alternative is for your South Petherton conveyancing solicitor to apply to be on the conveyancing panel.
As someone clueless as to the South Petherton conveyancing process what is the number one tip you can give me concerning the ownership transfer in South Petherton
You may not hear this from too many lawyers but conveyancing in South Petherton or throughout England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there exists an abundance of room for conflict between you and other parties involved in the legal transfer of property. For example, the vendor, selling agent and sometimes a bank. Selecting a lawyer for your conveyancing in South Petherton should not be taken lightly as your conveyancer is your adviser, and is the ONLY person in the transaction whose interest is to look after your legal interests and to protect you.
We are witnessing a definite emergence in the "blame" culture- someone has to be at fault for the process taking so long. We recommend that you your first instinct should be to trust your conveyancer above the other players in the conveyancing process.
I am purchasing a garden flat in South Petherton. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in South Petherton you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in South Petherton.
Just bought a semi-detached house in South Petherton , how long should it take for the Land Registry to deal with the formalities evidencing my proprietorship? My South Petherton conveyancing solicitor works at snail pace, so I want to check the post completion formalities are concluded.
There is nothing unique about conveyancing in South Petherton registration formalities. Rather than based on location, timescales can adjust depending on the party submitting the application, whether it is in order and if the Land registry have to notify any third parties. Currently in the region of 80% of submission are completed within 12 days but some can be subject to protracted delays. Registration occurs after the new owner is living at the property therefore 'speed' is not always top priority yet where it is urgent that the the registration takes place urgently then you or your lawyers can contact the land registry and explain the circumstances.
How does conveyancing in South Petherton differ for new build properties?
Most buyers of new build property in South Petherton contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is completed. This is because new home sellers in South Petherton tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in South Petherton or who has acted in the same development.