We are buying a 2 bedroom apartment in Woldingham with a mortgage. We like our Woldingham lawyer, however the lender advise she’s not on their "panel". We have to appoint one of the lender panel conveyancing practices or continue with our Woldingham solicitor as well as pay for one of their panel lawyers to represent them. We consider that this is inequitable; can we not require that the bank use our Woldingham solicitor ?
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. A further alternative is for your Woldingham conveyancing lawyer to apply to be on the conveyancing panel.
My mortgage company has suggested solicitors on their panel based in Woldingham but I would rather use a conveyancing lawyer in Woldingham or nearer to where I live. Can you help?
It is by no means the case that all Woldingham conveyancing firms are on all lender’s conveyancing panel. Please make use of our search tool to identify a Woldingham conveyancing firm on the on the lender panel.
Are there restrictive covenants that are commonly picked up during conveyancing in Woldingham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Woldingham. 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 have been on the look out for a ground for flat up to £195,000 and found one round the corner in Woldingham I like with amenity areas and transport links nearby, the downside is that it's only got 51 remaining years left on the lease. I can't really find anything else in Woldingham suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage the shortness of the lease will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
We're FTB’s - agreed a price, yet the agent told us that the owners will only go ahead if we use the agent's recommended conveyancers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a local solicitor used to conveyancing in Woldingham
It is unlikely the vendors are driving this. If they desire ‘a quick sale', turning down a motivated purchaser is likely to cause more damage than good. Speak to the vendors direct and make the point that (a)you are genuine purchasers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you will continue to instruct your own,trusted Woldingham conveyancing solicitors - not the ones that will provide the negotiator at the agency a introducer fee or achieve conveyancing figures demanded by head office.