Me and my fiance are hoping to acquire a 2 bedroom apartment in Bury St Edmunds with a mortgage. We like our Bury St Edmunds lawyer, however the lender advise he's not on their "panel". We have to appoint one of the lender panel firms or keep our Bury St Edmunds solicitor as well as pay for one of their panel firms to represent them. We regard this is inequitable; can we not insist that the lender use our Bury St Edmunds conveyancer ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’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 Bury St Edmunds conveyancing solicitor to apply to be on the conveyancing panel.
Why do I have to pay up front for conveyancing in Bury St Edmunds?
Where you are retaining lawyers for conveyancing in Bury St Edmunds your lawyer will request that you put them with monies to cover the the cost of the conveyancing searches. Normally this is needed to cover the fees of the conveyancing searches. When the deposit is as part of the purchase price then this should be needed immediately in advance of contracts are exchanged. The final balance that is due will be payable a few days ahead of the day of completion.
I am purchasing a property and need a conveyancing solicitor in Bury St Edmunds who is on the Halifax solicitor. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Halifax in certain locations such as Bury St Edmunds. We dont recommend any particular firm.
How does the Landlord & Tenant Act 1954 impact my commercial property in Bury St Edmunds and how can you help?
The particular law that you refer to provides a safeguard to business lessees, giving them the a statutory right to make a request to court for a renewal tenancy and remain in occupation when the lease reaches an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Bury St Edmunds is one of the many locations in which our lawyers have offices
As co-executor for the will of my uncle I am disposing of a house in Neath but live in Bury St Edmunds. My conveyancer (approximately 260 kilometers awayrequires that I sign a statutory declaration ahead of completion. Can you recommend a conveyancing practitioner in Bury St Edmunds to attest this legal document for me?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are based in Bury St Edmunds
My lawyer in Bury St Edmunds has informed me that he requires personal identification documents stating that this forms part of his retainer as a solicitor on the mortgage company Conveyancing panel. Can this be correct?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the mortgage company. This is not specific to conveyancing in Bury St Edmunds