My husband and I are intending to purchase a 2 bedroom apartment in Sutton on Trent with a mortgage. We would like to retain our Sutton on Trent solicitor, however the lender says she’s not on their "panel". It seems we have no choice but to use one of the mortgage company panel conveyancing practices or keep our Sutton on Trent solicitor and pay for one of their panel lawyers to act for them. This seems very unfair; is there anything we can do?
Unfortunately,no. 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. Another option that might be available is for your Sutton on Trent conveyancing solicitor to apply to be on the conveyancing panel.
My wife and I have recently appointed a conveyancing solicitor in Sutton on Trent. I I am struggling to find out if they are accepted on the Aldermore conveyancing panel. Could you advise?
You should phone your solicitor and enquire whether they can act for the bank. Otherwise you should call Aldermore who may be able to confirm.
I need some fast conveyancing in Sutton on Trent as I am under an ultimatum to exchange contracts within one month. Thankfully I do not need a mortgage. Can I escape the need for conveyancing searches to save money and time?
As you are not getting a mortgage you have the choice not to have searches conducted although no lawyer would advise that you don't. Drawing on our experience of conveyancing in Sutton on Trent the following are examples of what can arise and adversely impact the marketability of the property: Refused Planning Applications, Overdue Charges, Overdue Grants, Unadopted Roads,...
Are there restrictive covenants that are commonly identified as part of conveyancing in Sutton on Trent?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Sutton on Trent. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold element on a property I have offered on last month in what was supposed to be a simple, chain free conveyancing. Sutton on Trent is where the house is located. Can you shed any light on this issue?
Flying freeholds in Sutton on Trent are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Sutton on Trent you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sutton on Trent may determine 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 residence.