My husband and I are purchasing a 3 bedroom flat in Aberbargoed with a mortgage. We wish to retain our Aberbargoed lawyer, however the lender advise he's not on their "panel". We have to appoint one of the lender panel conveyancing practices or continue with our Aberbargoed solicitor as well as pay for one of their panel firms to represent them. This feels very unfair; are we not able to insist that the lender use our Aberbargoed property lawyer ?
Unfortunately,no. The mortgage offered to you 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 Aberbargoed conveyancing solicitor to apply to be on the conveyancing panel.
We note that you have a search directory identifying law firms on the Kent Reliance conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Aberbargoed?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Aberbargoed.
Are the BSA intent on creating a search tool with a view to to identify firms on the Darlington Building Society conveyancing panel for instance in Aberbargoed?
We have not been informed any plans on the part of the BSA to develop such a register.
How does conveyancing in Aberbargoed differ for new build properties?
Most buyers of new build premises in Aberbargoed come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is finished. This is because builders in Aberbargoed usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Aberbargoed or who has acted in the same development.
I opted to have a survey completed on a house in Aberbargoed in advance of instructing conveyancers. I have been told that there is a flying freehold element to the property. My surveyor has said that some mortgage companies tend not grant a loan on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Aberbargoed. Conveyancing may be slightly more expensive based on your lender's requirements.
I am using a search engine for the term on line conveyancing in Aberbargoed it shows results of many conveyancersin the vicinity. With so much choice what is the best way to find the right conveyancing solicitor for the sale of my house?
The ideal way of finding a suitable conveyancer is through a trusted recommendation, so ask colleagues and those you trust who have bought a property in Aberbargoed or a reputable estate agent or financial adviser. Costs for conveyancing in Aberbargoed differ, so it's a good idea to obtain a minimum of three fee estimates from varying types of law firms. Be sure to secure confirmation that the fees are fixed.