I am not well enough to travel far from Lincolnshire. What is the rationale as to why all Lincolnshire property lawyers are not on all lender panels?
Even though it may seem unfair for lenders to limit who can act for them, from the public’s or solicitor’s point of view, the other side of the coin is that banks are becoming ever more anxious and feel it necessary to shield themselves against illegal activities. As a result of this concern mortgage companies are limiting their panel of approved conveyancing lawyers to a size that they are happy to control.
Completed the sale of my flat in Lincolnshire last November yet the purchaser is telephoning daily to moan that their conveyancer needs to hear from mine. What should my lawyer have done following completion?
After completion of your disposal your lawyer should send the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. If applicable, your conveyancer must also send confirmation that the legal charge in favour of the lender has been paid off to the purchasers lawyers. There are no post completion steps unique to conveyancing in Lincolnshire.
My husband and I are buying a purpose built flat in Lincolnshire with a homeloan from Platform Home Loans Ltd.We have a Lincolnshire conveyancing lawyer but Platform Home Loans Ltd says her practice is not on their "panel". we are left little option but to use a Platform Home Loans Ltd panel solicitor or keep our preferred solicitor and pay for a Platform Home Loans Ltd panel lawyer to represent them. We feel as though this is unjust; Can we not simply insist that Platform Home Loans Ltd use our lawyer?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that conveyancers must be on the Platform Home Loans Ltd approved list. in the past, most lenders had large numbers of solicitors 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 lawyer to apply to be on the conveyancing panel for Platform Home Loans Ltd
Over the last few months I have been searching for a flat up to £195,000 and found one close by in Lincolnshire I like with open areas and transport links in the vicinity, the downside is that it only has 61 years on the lease. There is not much else in Lincolnshire suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan that many years will be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
What tools are available to identify a Lincolnshire solicitor on the Clydesdale conveyancing panel? I have wheels and am prepared to travel upto 25miles to meet the conveyancer.
You can use the tool on this page. Please pick a bank and your location and you will see a number of Lincolnshire conveyancing lawyers locally. We have detailed some Lincolnshire conveyancing firms at the bottom of this page and you can ring them to verify if they are on the Clydesdale member panel