I plan on buying residence in Sutton On Sea. My Solicitor has never been on on the bank solicitor panel. Am I still permitted to continue with my Sutton On Sea conveyancing solicitor notwithstanding that they are excluded from the lender panel?
You have numerous options available to you here
- Complete the deal with your existing Sutton On Sea solicitor but your lender will no doubt use a conveyancer from their conveyancing panel. This will result in additional cost together with potential delay.
- Get a fresh conveyancer to conduct the conveyancing, obviously checking they are on the mortgage company conveyancing panel.
- Convince your conveyancing practitioner to do everything possible to get listed on the bank’s panel of solicitors
My Sutton On Sea solicitor has uncovered a difference when comparing the information in the valuation report and what is revealed within the title deeds. My solicitor informs me that he is obliged to check that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s approach appropriate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
We are purchasing a property and require a conveyancing solicitor in Sutton On Sea who is on the Santander approved panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Santander . We don't recommend any particular firms conducting conveyancing in Sutton On Sea.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Sutton On Sea is the location of the property. Can you offer any advice?
Flying freeholds in Sutton On Sea are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Sutton On Sea you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sutton On Sea may ascertain 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 premises.
Should I be suspicious by third parties that I am dealing with are suggesting a factory type conveyancing firm as opposed to a local Sutton On Sea conveyancing practice?
As is the case with many professional services, often input from family and friends can be worth their weight in gold. Yet there are many players in a conveyancing transaction; estate agents, mortgage brokers and mortgage companies may recommend conveyancers to retain. On occasion the solicitors might be known to one of the organisations as experts in their field, but sometimes there may be a financial incentive behind the recommendation. You are free to choose your preferred conveyancer. You need to be aware that most lenders operate an approved list of lawyers you must use for the lender aspect of your house move.