My wife and I are planning to purchase a flat in Raunds and are in fact using a Raunds conveyancing practice. Within the past 48 hours our property lawyer has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Barclays Direct have this evening contacted us to inform me that there is now an issue as our Raunds conveyancer is not on their conveyancing panel. Is this a problem?
When purchasing a property with the benefit of a mortgage it is conventional for the purchasers' solicitors to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Raunds solicitors, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
My partner and I are buying our first property. Our lawyer has messagedto see if we want to purchase extra conveyancing searches. We are really unsure what's needed for conveyancing in Raunds
The range of Raunds conveyancing searches should be triggered based primarily on the premises, the location, the probability of any of these risks, your knowledge of the locality and risks, your overall approach to risk. What is important is that you properly understand what information each search could supply. Then you can make a decision if you consider that you need that information. If in doubt, ask your conveyancer to explain.
My Solicitor in Raunds is not listed on the National Westminster Bank Approved Panel. Can I still use my family solicitor notwithstanding that they are not on the National Westminster Bank panel of approved conveyancing solicitors?
Your options are as follows:
- Carry on with your preferred Raunds lawyers but National Westminster Bank will need to instruct a solicitor on their panel. This will inevitably rack up the total legal charges as well as result in frustration.
- Get an alternative solicitor to to deal with the conveyancing, remembering to check they are Convince your conveyancer to do everything within their powers to join the National Westminster Bank conveyancing panel
The deeds to my property are lost. The lawyers who dealt with the conveyancing in Raunds 5 years ago are no longer around. Will I be able to sell the house?
Nowadays there are copies made of almost everything, and your solicitor should be aware precisely where to locate all the appropriate documentation so you can buy or dispose of your house without any difficulty. Where copies can’t be located, your lawyer may be able to put in place insurance or indemnities protecting you against possible claims on your property.
Is it simple use your search facility to get a quote from a conveyancing practitioner in Raunds on the authorised to act for my bank?
1st pick a mortgage company such as Halifax, Coventry Building Society or Godiva Mortgages Ltd then specify your preferred area for example Raunds. Conveyancing organisations in Raunds and across England and Wales should be shown.