My wife and I are buying a 3 bedroom flat in East Dean with a mortgage. We would like to retain our East Dean solicitor, however the bank advise she’s not on their "panel". We have to appoint one of the lender panel solicitors or retain our East Dean solicitor as well as pay for one of their panel firms to act for them. We consider that this is unjust; are we not able to demand that the mortgage company use our East Dean property lawyer ?
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 East Dean conveyancing solicitor to apply to be on the conveyancing panel.
We're in East Dean, FTBs purchasing with a mortgage (lender is Nationwide , and our solicitor is on the Nationwide conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nationwide conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Despite weeks of looking the Title Certificate and documents to my property are lost. The conveyancers who conducted the conveyancing in East Dean 10 years ago have long since closed. What are my next steps?
Gone are the days when you need to have the physical deeds to evidence that you are the owner of your registered land or property, given that the Land Registry hold details of all registered land or property electronically.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a simple, chain free conveyancing. East Dean is the location of the property. Can you offer any guidance?
Flying freeholds in East Dean are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside East Dean you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in East Dean may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
We are 17 days into a leasehold purchase having been recommend to conveyancers by the selling agent to do our conveyancing in East Dean. I am not happy. Could you you assist me in finding new solicitors?
They would need to be very bad in order to consider changing them. Has the mortgage offer been issued? If so you need to inform them of the replacement conveyancer and ensure the offer are re-issued. The solicitor ideally should be on the mortgage company approved list to avoid added expenses and frustration. That should be your first question of the new lawyers. Our search tool should assist you in finding a lender approved lawyer for your conveyancing in East Dean