My partner and I are looking to purchase a flat in Lindfield and have appointed a Lindfield conveyancing firm. Within the last couple of days our solicitor has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Chelsea Building Society have this afternoon contacted us to inform me that they have now hit a problem as our Lindfield conveyancer is not on their conveyancing panel. What do we do from here?
If you are buying a property needing a mortgage it is standard for the purchasers' lawyers to also represent 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 Quality Scheme. Your property lawyer should contact your bank 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 are not legally obliged to appoint a law firm on the bank's conveyancing panel as you are at liberty to use your preferred Lindfield lawyers, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
I am purchasing a property and need a conveyancing solicitor in Lindfield who is on the The Mortgage Works conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for The Mortgage Works in certain locations such as Lindfield. We dont recommend any particular firm.
My wife and I are purchasing a flat in Lindfield. I might seem paranoid but how we can trust a lawyer? On completion day we have to deposit money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Last month we had a mortgage agreed in principle with Lloyds. Lindfield conveyancing lawyers were instructed. How long does it take for Lloyds to issue the offer to the solicitor?
There is no definitive answer here. Have Lloyds conducted the survey? Have you informed Lloyds as to your lawyers' details and checked that your lawyers are on the Lloyds conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I was told four weeks ago that my mortgage has been agreed to by Barclays. Is it usual for Barclays to only issue the offer once my solicitor in Lindfield is approved on their conveyancing panel? Barclays have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Barclays to deal with your lawyer's application to be on the Barclays conveyancing panel. There's no guarantee that your solicitor will be accepted.
I note that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when buying a residence in Lindfield? or Apparently there is a law dating back centuries that could mean that house owners residing in a parish church boundary will be compelled to contribute towards repairs towards the chancel within the church. Is this suitable for conveyancing in Lindfield?
Unless a prior acquisition of the premises took place post 12 October 2013 you can expect solicitors conducting conveyancing in Lindfield to remain encouraging a chancel search and or chancel repair liability policy.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Lindfield is the location of the property. Can you shed any light on this issue?
Flying freeholds in Lindfield are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lindfield you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lindfield may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
What is the best way to find the right lawyer for my conveyancing in Lindfield ?
Option 1 is to ask the people you trust they would would instruct. Second, search the internet for conveyancing in Lindfield. Phone a couple or more firms from the list and ask them to send you their conveyancing estimate and discuss your needs with the solicitor who will conduct your conveyancing before you make your decision. Option 3 is to make use of our search tool to help you find the right solicitors for you based on your unique factors including location,speed, complexity and who your intended mortgage company is.Resist the temptation to appoint lowest cost conveyancing solicitors in Lindfield