My partner and I are hoping to acquire a flat in Babbacombe and have appointed a Babbacombe conveyancing practice. Within the past 48 hours our property lawyer has sent a preliminary report and documents to look through with a view to exchanging next week. TSB have this morning contacted us to inform me that they have now hit a problem as our Babbacombe lawyer is not on their conveyancing panel. Please explain?
When purchasing a property with the benefit of a mortgage it is usual for the purchasers' solicitors to also act for 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 lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. 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 Babbacombe lawyers, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
Can the conveyancing practitioners indexed on your site carry out right to buy conveyancing in Babbacombe?
We work with numerous conveyancing firms carrying out right to buy transactions Please get in touch with the conveyancers listed with a view to get a costs calculation.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Babbacombe?
There are two types of lawyers who can perform conveyancing in Babbacombe namely licenced conveyancers or solicitors. The two can provide the legal services that required to complete the disposal or acquisition of property. They are both obliged to handle Babbacombe conveyancing on similar standards and guidelines so you can be safe in the knowledge that your conveyancing will be properly conducted and that all requisite procedures will be accurately taken.
We are purchasing a 4 bedroom semi-detached house in Babbacombe. Our aim is to carry out a loft conversion at the property.Will the conveyancing process involve enquiries to see if these alterations are prohibited?
Your conveyancer should review the registered title as conveyancing in Babbacombe will sometimes identify restrictions in the title documents which prohibit certain changes or necessitated the consent of a 3rd party. Many extensions call for local authority planning consent and approval in compliance with building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be wise to check these things with a surveyor before you commit yourself to a purchase.
I have paid off my mortgage with Nationwide. I assume I don't need a Babbacombe conveyancing practitioner on the Nationwide panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nationwide mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nationwide mortgage from the register. Nationwide, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nationwide has sent the Land Registry the discharge electronically, and
- Nationwide has instructed the Land Registry to do so
Just had an offer accepted on a new build apartment in Babbacombe. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Babbacombe
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
How simple is it to transfer to a new conveyancer as I have to appoint one who is on the Chelsea Building Society conveyancing list. I had appointed a high street conveyancing solicitor in Babbacombe five minutes from me but the firm is not accepted by Chelsea Building Society
It would be our pleasure to help you select a conveyancing solicitor in Babbacombe on the Chelsea Building Society panel. Please note that the property lawyers that we on the directory do not pay us commission if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Babbacombe. In making use of the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Babbacombe.
I note that you have a post code search directory identifying solicitors on the lender conveyancing panel. Do Babbacombe conveyancing companies pay you a referral fee if I retain them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Babbacombe.