My husband and I are intent on acquiring a flat in Woodbury. My property lawyer has never been on on the bank solicitor panel. Can I still appoint my Woodbury conveyancing solicitor notwithstanding that they are excluded from the mortgage company panel of approved conveyancing solicitors?
Various options include
- Carry on with your existing Woodbury conveyancing practitioner but your bank will undoubtedly use a solicitor on their conveyancing panel. This will result in additional charges and likely delay.
- Appoint a fresh property lawyer to act in the purchase, making sure they are on the mortgage company conveyancing panel.
- Appeal to your solicitor to apply to join the mortgage company panel
We note that you have a post code search directory listing law firms on the Co-operative conveyancing panel. Do companies pay you a commission if I appoint them for our conveyancing in Woodbury?
We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Woodbury.
The deeds to our house are lost. The lawyers who dealt with the conveyancing in Woodbury 4 years ago no longer exist. What are my next steps?
These day there are copies made of almost everything, and your conveyancer will be aware exactly where to look for all the appropriate paperwork so you may buy or dispose of your house without any difficulty. If duplicates are not available, your lawyer can arrange cover in the form of insurance or indemnities against future claims on the premises.
How does conveyancing in Woodbury differ for newly converted properties?
Most buyers of new build property in Woodbury approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Woodbury typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Woodbury or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Woodbury prior to appointing lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some lenders will refuse to issue a loan on such a home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Woodbury. Conveyancing will be smoother if you use a solicitor in Woodbury especially if they are acquainted with such properties in Woodbury.