My husband and I are planning to acquire a 3 bedroom apartment in Blackfriars with a mortgage. We wish to retain our Blackfriars lawyer, however the mortgage company advise he's not on their "panel". We have to appoint one of the mortgage company panel solicitors or keep our Blackfriars property lawyer and pay for one of their panel firms to act for them. This seems very unfair; can we not demand that the bank use our Blackfriars property lawyer ?
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. A further alternative is for your Blackfriars conveyancing lawyer to apply to be on the conveyancing panel.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Blackfriars. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 11/3/2019, the requirements read as follows :
My wife and I purchased a semi-detached Georgian house in Blackfriars. Conveyancing practitioner represented me and Leeds Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the matching property. Is it worth asking Leeds Building Society to clarify?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Blackfriars and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with your conveyancing lawyer who conducted the conveyancing.
I opted to have a survey completed on a house in Blackfriars ahead of retaining conveyancers. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some lenders may refuse to issue a loan on such a home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. If you contact us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Blackfriars. Conveyancing may be slightly more expensive based on your lender's requirements.
What makes your site different to other internet conveyancing brokers for conveyancing in Blackfriars?
At this site get a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Blackfriars. Unlike many estate agents and brokerage sites we do not have kick-back arrangements with solicitors. A large number of agents and online brokers 'recommend' solicitors who pay the highest commission, rather than the best value conveyancing in Blackfriars
As co-executor for the estate of my uncle I am disposing of a property in Neath but I am based in Blackfriars. My solicitor (who is 300 miles awayhas requested that I sign a stat dec before the transaction finalising. Could you suggest a conveyancing lawyer in Blackfriars who can attest and place their company stamp on the document?
Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are located in Blackfriars