I am purchasing a new build flat in Thornbury. 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 Thornbury you will have to appoint a solicitor on your lender'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 Thornbury.
A colleague pointed out to me me that in buying a property in Thornbury there may be various restrictions prohibiting external alterations to the property. Is this right?
There are anumerous of properties in Thornbury which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Thornbury should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is there a list of Co-operative panel conveyancers in Thornbury on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association websites. A small selection of lenders make their panel listings viewable on the web. If you are in need of a Thornbury property lawyer on the Co-operative please use our tool.
I can not work out if my lender requires a lease extension. I have called into my local Thornbury bank branch on various occasions and was informed it wasn't an issue and they would lend. My Thornbury conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they refuse to lend based on their published requirements. I simply don't know who is right.
As long as the lawyer is on the mortgage company panel, they must follow the CML Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I decided to have a survey carried out on a property in Thornbury ahead of retaining lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some banks will not issue a loan on such a house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you e-mail us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Thornbury. Conveyancing may be slightly more expensive based on your lender's requirements.
I was advised by three or four local property agents in Thornbury to select a property lawyer on your site. Is there a financial upside for Estate Agents to promote your site over and above alternative conveyancing organisations?
We refuse to make any commission for sending work in our direction. We thought it would be too underhand a fee because a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
We're first time buyers - had an offer accepted, but the estate agent has warned us that the vendor will only move forward if we use their chosen lawyers as they want an ‘expedited deal’. My instinct tells me that we should use a high street solicitor used to conveyancing in Thornbury
We suspect that the seller is not behind this request. Should the owner desire ‘a quick sale', taking such a hostile approach to a genuine buyer is likely to cause more damage than good. Speak to the owners direct and make sure they comprehend that (a)you are keen to buy (b)you are ready to go, with finances in place © you do not need to sell (d) you wish to move quickly (e)however you will continue to instruct your preferred Thornbury conveyancing lawyers - not the ones that will earn the estate agent a referral fee or hit his conveyancing thresholds set by HQ.