We are planning to purchase a 3 bedroom flat in Syston with a mortgage. We have a Syston solicitor, but the lender advise she’s not on their "panel". It seems we have little option but to appoint one of the bank panel conveyancing practices or continue with our Syston conveyancer and pay for one of their panel firms to act for them. We regard this is inequitable; is there anything we can do?
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. Another option that might be available is for your Syston conveyancing lawyer to apply to be on the conveyancing panel.
It is is a decade since I purchased my property in Syston. Conveyancing solicitors have now been appointed on the sale but I am unable to locate my deeds. Will this cause complications?
Don’t worry too much. First the deeds may be with the lender or they may stored with the solicitor who acted in the purchase. Secondly in most cases the property will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring up to date copy of the land registers. Most conveyancing in Syston relates to registered property but in the rare situation where your home is unregistered it is more problematic but is not insurmountable.
I opted to have a survey carried out on a property in Syston in advance of retaining lawyers. I have been informed that there is a flying freehold element to the house. My surveyor advised that some mortgage companies may refuse to issue a mortgage on a flying freehold home.
It depends who your proposed lender is. HSBC has different requirements from Halifax. If you call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Syston. Conveyancing will be smoother if you use a solicitor in Syston especially if they are familiar with such properties in Syston.
I am looking into buying my first house which is in Syston and I am already nervous. I couldn't find anything specific about Syston. Conveyancing will be needed in due course but do you know about the Syston area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Syston. In the meantime here are some basic statistics that we found
Am I best advised to use a Syston conveyancing solicitor who is local to the property I am buying? An old friend can carry out the legal formalities however they are based 400miles drive away.
The benefit of a high street Syston conveyancing practice is that you can pop in to sign documents, deliver your identification documents and apply pressure on them where appropriate. Having local Syston know how is a plus. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and the majority were happy that should surpass using an unknown Syston conveyancing lawyer solely due to them being Syston based.