My husband and I are planning to acquire a flat in Thornhill and are in fact using a Thornhill conveyancing practice. Within the last couple of days our lawyer has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. The Mortgage Works have this evening contacted us to inform me that there is now an issue as our Thornhill solicitor 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 purchaser's lender. 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 Quality Scheme. Your property lawyer 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 lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Thornhill lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
We are looking to buy a property and require a conveyancing solicitor in Thornhill who is on the Leeds Building Society conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Thornhill.
My colleague advised me that if I am buying in Thornhill I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Thornhill conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Thornhill 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 type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful data regarding Thornhill.
Due to the advice of my in-laws I had a survey completed on a house in Thornhill before appointing solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some banks may not issue a loan on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Thornhill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Thornhill to see if the conveyancing will be more expensive.
How easy is it to transfer to a new conveyancer as I need to find one who is on the Britannia conveyancing panel. I was using a family conveyancing solicitor in Thornhill round the corner but he is not accepted by Britannia
We will our best to assist in finding you a conveyancing solicitor in Thornhill on the Britannia panel. Please note that the solicitors that we work with do not pay us a referral fee if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Thornhill. In making use of search facility on this site, you can compare costs for conveyancing solicitors in Thornhill and beyond.