We are buying a 1 bedroom apartment in Stoke Poges with a mortgage. We have a Stoke Poges solicitor, but the lender says she’s not on their "panel". It seems we have little choice but to use one of the lender panel firms or continue with our Stoke Poges lawyer and pay for one of their panel lawyers 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 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 Stoke Poges conveyancing lawyer to apply to be on the conveyancing panel.
I am buying a right to buy a flat in Stoke Poges. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Stoke Poges 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 Stoke Poges.
I require fast conveyancing in Stoke Poges as I am under pressure to complete inside one month. A home loan is not required. Can I decline from having conveyancing searches to save money and time?
As you are not getting a home loan you have the choice not to do searches although no solicitor would advise that you don't. With lots of history conveyancing in Stoke Poges the following are examples of issues that can show up and adversely impact the marketability of the property: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
Despite weeks of looking the Title Certificate and documents to my property can not be found. The lawyers who handled the conveyancing in Stoke Poges 4 years ago are no longer around. What do I do?
In today’s world there are duplicates made of almost everything, and your conveyancer will be aware exactly where to locate all the relevant documentation so you may buy or sell your property without a hitch. If duplicates are not available, your lawyer can put in place insurance or indemnities against possible claims on your property.
Due to the encouragement of my in-laws I had a survey completed on a house in Stoke Poges in advance of retaining conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some lenders will refuse to issue a mortgage on a flying freehold premises.
It varies from the lender to lender. HSBC has different requirements from Nationwide. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stoke Poges. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stoke Poges to see if the conveyancing costs will increase in light of this.