My husband and I are purchasing a 3 bedroom apartment in Chinatown with a mortgage. We have a Chinatown conveyancer, however the bank advise he's not on their "panel". We have to appoint one of the bank panel firms or continue with our Chinatown solicitor and pay for one of their panel ones to represent them. We regard this is inequitable; is there anything we can do?
No, not really. 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 Chinatown conveyancing solicitor to apply to be on the conveyancing panel.
At what point can the exchange of contracts happen for sale conveyancing in Chinatown and am I required to attend the lawyers branch?
Where you are near to our conveyancing solicitors in Chinatown you are invited in to sign the paperwork. That being said, the firms we work with offer a national conveyancing service and provide just as detailed and professional a job for you when dealing with you by post or email. The signing of the contract is not the important part. Signing on the dotted line is just a prerequisite for the conveyancer to exchange contracts when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Chinatown)to be in the office at the appropriate time.
My wife and I are purchasing a property in Chinatown. I might seem paranoid but how we can trust a conveyancer? On the day of competition we have to send funds into their account. What is the protection 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.
Can I be sure that the Chinatown conveyancing solicitor on the TSB panel is any good?
When it comes to conveyancing in Chinatown getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer handling your transaction.
I'm at the point of viewing flats in Chinatown and I am now considering a potential offer. Is it premature to have a solicitor in place? I intend to finance via a mortgage with Principality.
It would be wise to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are obtaining a mortgage with Principality, ask your prospective lawyers if they are on the Principality conveyancing panel otherwise they can't do the mortgage legal work.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Chinatown is the location of the property. Can you shed any light on this issue?
Flying freeholds in Chinatown are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chinatown you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chinatown 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 premises.
I am looking to sell my house. My former conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Chinatown if that makes things easier.
Please use our search tool to help you choose a solicitor for your conveyancing in Chinatown. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
My uncle has encouraged me to use his conveyancers in Chinatown. Should I use them?
Much as we are happy to recommend a Chinatown conveyancing lawyer the best way to select a conveyancing solicitor is to have guidance from friends or family who have actually experience in using the conveyancer that you are are thinking of instructing.