Me and my fiance are buying a 1 bedroom apartment in Brunswick Park with a mortgage. We like our Brunswick Park solicitor, however the lender advise she’s not on their "panel". We have to appoint one of the lender panel firms or retain our Brunswick Park conveyancer and pay for one of their panel firms to represent them. We regard this is unjust; 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 lender’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 Brunswick Park conveyancing solicitor to apply to be on the conveyancing panel.
Will our conveyancer be raising enquiries concerning flooding as part of the conveyancing in Brunswick Park.
Flooding is a growing risk for solicitors dealing with homes in Brunswick Park. Plenty of people will purchase a property in Brunswick Park, fully aware that at some time, it may be flooded. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Solicitors are not qualified to give advice on flood risk, but there are a various checks that may be undertaken by the buyer or on a buyer’s behalf which will give them a better appreciation of the risks in Brunswick Park. The conventional set of property information forms given to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard question of the seller to discover if the premises has ever been flooded. If flooding has previously occurred and is not revealed by the owner, then a purchaser could issue a compensation claim stemming from an inaccurate response. A purchaser’s lawyers may also carry out an enviro search. This should reveal if there is any known flood risk. If so, further investigations will need to be made.
How does conveyancing in Brunswick Park differ for new build properties?
Most buyers of new build residence in Brunswick Park contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is constructed. This is because developers in Brunswick Park usually acquire 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 conveyancers 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 accustomed to new build conveyancing in Brunswick Park or who has acted in the same development.
What makes your site different to other online quote calculators when it comes to conveyancing in Brunswick Park?
At this site obtain an accurate quote via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Brunswick Park. Unlike many estate agents and many comparison sites we do not operate commission arrangements with solicitors. Some agents and online brokers 'recommend' solicitors paying the highest per referral, not the best value conveyancing in Brunswick Park
Whilst your website is a good idea there are many lawyers listed near Brunswick Park being on the lender conveyancing panel. Can you recommend a specific firm on the conveyancing panel for our bank?
We do not recommend specific Brunswick Park firms as the right Brunswick Park conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Brunswick Park knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..