We are purchasing a 2 bedroom flat in Woolavington with a mortgage. We like our Woolavington lawyer, but the mortgage company advise he's not on their "panel". It appears that we have no choice but to use one of the mortgage company panel conveyancing practices or retain our Woolavington conveyancer as well as pay for one of their panel lawyers to represent them. This seems very unfair; is there anything we can do?
No, not really. 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. Another option that might be available is for your Woolavington conveyancing lawyer to apply to be on the conveyancing panel.
I am the registered owner of a freehold premises in Woolavington yet charged rent, why is this and what is this?
It’s unusual for properties in Woolavington and has limited impact for conveyancing in Woolavington but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
Our lender has recommended a law firm on their panel based in Woolavington but I would rather use a conveyancing lawyer in Woolavington round the corner to me. Can you assist?
Far from all Woolavington conveyancing firms are listed all lender’s conveyancing panel. Use the above search tool to identify a Woolavington conveyancing conveyancer on the on the mortgage company panel.
I have been recommended by a few selling agents in Woolavington to get a quote from a conveyancer on your site. What’s the financial advantage for Estate Agents to offer your site over alternative conveyancing organisations?
We don’t make any financial incentive for sending work our way. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My husband and I are FTB’s - had an offer accepted, but the estate agent advised that the seller will only issue a contract if we appoint their recommended solicitors as they are insisting on a ‘quick sale’. We would rather use a high street conveyancer accustomed to conveyancing in Woolavington
We suspect that the owner is not behind this request. If they desire ‘a quick sale', alienating a motivated purchaser is likely to cause more damage than good. Avoid the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are unencumbered (d) you wish to move quickly (e)but you will continue to instruct your preferred Woolavington conveyancing firm - rather thanthose that will earn their estate agent a commission or meet his conveyancing thresholds demanded by head office.