My husband and I are intending to purchase a 3 bedroom flat in Thurmaston with a mortgage. We like our Thurmaston solicitor, however the mortgage company says she’s not on their "panel". We have to appoint one of the lender panel conveyancing practices or keep our Thurmaston solicitor and pay for one of their panel ones to act for them. We regard this is unjust; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’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 Thurmaston conveyancing lawyer to apply to be on the conveyancing panel.
My husband and I are purchasing a newbuild apartment in Thurmaston with a homeloan from Barclays Direct.We like our Thurmaston conveyancing lawyer but Barclays Direct advised that her practice is not listed on their approved list of member firms. we are left little option but to use a Barclays Direct panel solicitor or retain our preferred solicitor and pay for a Barclays Direct panel lawyer to represent them. We feel as though this is unjust; Can we not simply insist that Barclays Direct use our lawyer?
Unfortunately,no. The mortgage issued to you is subject to its various provisions, a common one being that conveyancers must be on the Barclays Direct approved list. Until recently, most mortgage companies 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. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Barclays Direct
How does the Landlord & Tenant Act 1954 impact my business property in Thurmaston and how can you help?
The particular law that you refer to gives security of tenure to commercial lessees, granting the a statutory right to apply to court for a new tenancy and continue in occupation at the end of the lease term. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and help with commercial conveyancing in Thurmaston
We're first time buyers - had an offer accepted, yet the agent informed us that the seller will only move forward if we instruct their recommended solicitors as they are insisting on a ‘quick sale’. My instinct tells me that we should use a high street solicitor with experience of conveyancing in Thurmaston
It is unlikely the owners are behind this. If they desire ‘a quick sale', taking such a hostile approach to a motivated buyer is counter productive. Contact the vendors directly and make sure they comprehend that (a)you are genuine purchasers (b)you are excited to move forward, with finances in place © you are unencumbered (d) you wish to move quickly (e)but you intend to use your own,trusted Thurmaston conveyancing solicitors - not the ones that will earn the negotiator at the agency a introducer fee or meet his conveyancing figures set by HQ.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the lender conveyancing panel solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Thurmaston so that I can attend their offices if necessary.
Whereas this was necessary 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Thurmaston.