Me and my partner are buying a 3 bedroom flat in Filton with a mortgage. We like our Filton solicitor, however the lender says she’s not on their "panel". It appears that we have no choice but to use one of the bank panel conveyancing practices or keep our Filton conveyancer and pay for one of their panel lawyers to represent them. This feels very unfair; is there anything we can do?
No, not really. Your mortgage offer 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. Another option that might be available is for your Filton conveyancing solicitor to apply to be on the conveyancing panel.
I appreciate that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when buying a house in Filton? or Apparently there is a law dating back centuries that means some owners of property living in a parish church boundary will be compelled to contribute towards maintenance to the chancel in proximity to the church. Is this suitable for conveyancing in Filton?
Unless a previous acquisition of the property took place post 12 October 2013 you can take it that solicitors carrying out conveyancing in Filton to continue to propose a a chancel search and or insurance against a claim.
Are there restrictive covenants that are commonly identified as part of conveyancing in Filton?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Filton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a flat up to £195,000 and identified one close by in Filton I like with a park and transport links nearby, however it only has 52 years unexpired on the lease. I can't really find anything else in Filton for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage that many years will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
I need to find a conveyancing solicitor for some conveyancing in Filton. I've discover a web site which looks to be the perfect offering If it is possible to get all the legals done via email that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am buying a house mortgage free. I have provided lawyer with 2 distinct forms of photo ID, bank statement, numerous utility bills. Now he needs a copy from a probate lawyer stating that the funds are in place and that it has come from inheritance and not dealing E's in Ibiza.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Filton conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.