Me and my husband are buying residence in Turvey. My lawyer is not listed on the bank conveyancing list. Can I still appoint my Turvey conveyancing solicitor notwithstanding that they are excluded from the bank list of approved lawyers?
Various options include
- Proceed with your existing Turvey conveyancer but your mortgage company will need to appoint a property lawyer from their approved panel. This will result in additional fees and probable interruption.
- Appoint a new lawyer to act in the purchase, ensuring that they are on the lender conveyancing panel.
- Convince your solicitor to apply to join the bank panel
At what point will exchange of contracts happen for sale conveyancing in Turvey and do I need to attend the lawyers office?
Where you are round the corner to our conveyancing solicitors in Turvey you are welcome to come in to sign the paperwork. However, the lender approved solicitors we work with provide a national conveyancing service and give just as detailed and professional a job for you when communicating with you by post or email. The executing of the contract is not the critical part. A signed contract is necessary for the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Turvey)to be in the office at the appropriate time.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what should have been a quick, chain free conveyancing. Turvey is the location of the property. What do you suggest?
Flying freeholds in Turvey are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Turvey you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Turvey may decide 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 property.
I'm converting the mortgage on my primary property to a BTL loan with Yorkshire Building Society and intend to use the remaining equity as a down payment on further house. The neighborhood we are looking at is Turvey. Will your conveyancers be able to act for the two mortgage companies and tie in the conveyances?
Make use of our comparison tool on this page to ensure that the solicitors are on the appropriate lender panels. On the basis that they are your conveyancer will be able to simultaneously deal with the two transactions but you should have a chat with you solicitor and make apparent your desired outcome and needs.
I cannot get to my Turvey conveyancing solicitors office to execute documents for conveyancing in Turvey – will this be an issue?
You need not be concerned. Turvey conveyancing lawyers can deal with home moves for clients throughout the rest of the country. It is not necessary for you to be able to meet your lawyer in the flesh at a Turvey conveyancers office. Almost all lawyer can handle all communications remotely from their Turvey premises.