My fiance and I are buying a 2 bedroom apartment in Cann Hall with a loan from National Westminster Bank.We have a Cann Hall conveyancing lawyer but National Westminster Bank informed us her practice is not on their "panel". It seems we are left with little choice but to instruct a National Westminster Bank panel lawyer or retain our high street solicitor and fork out for a National Westminster Bank panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage issued to you is subject to its various provisions, a common one being that conveyancers must be on the National Westminster Bank approved list. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find 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 lawyer to apply to be on the conveyancing panel for National Westminster Bank
A colleague recommended that if I am purchasing in Cann Hall I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Cann Hall conveyancing searches. It is not a small report of more than thirty pages, listing and detailing important information about Cann Hall around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information about Cann Hall.
I decided to have a survey done on a house in Cann Hall ahead of retaining solicitors. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some lenders may refuse to issue a mortgage on such a property.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. Should you wish to call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Cann Hall. Conveyancing will be smoother if you use a solicitor in Cann Hall especially if they are accustomed to such properties in Cann Hall.
I was advised by a number of estate agents in Cann Hall to choose a solicitor using your seach tool. What’s the financial advantage for Estate Agents to offer your lawyers rather than alternative conveyancing organisations?
We don’t give any referral fee for directing people to this site. We thought it would be too underhand a fee as members of the public would think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
In searching the web for the phrase on line conveyancing in Cann Hall it brings up many property lawyersin the vicinity. With so much choice what is the best way to find the suitable property lawyer for my move?
The ideal way of finding a suitable conveyancer is via trusted recommendation, so ask friends and those you trust who have acquired a property in Cann Hall or the reputable estate agent or mortgage broker. Fees for conveyancing in Cann Hall differ, so it's sensible to obtain a minimum of three fee estimates from different solicitors. Be sure to seek confirmation that the fees are fixed.