Me and my fiance are buying a 2 bedroom flat in Coningsby with a mortgage. We like our Coningsby conveyancer, however the lender says she’s not on their "panel". We have to appoint one of the lender panel firms or keep our Coningsby lawyer as well as pay for one of their panel firms to represent them. We regard this is unjust; is there anything we can do?
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 Coningsby conveyancing lawyer to apply to be on the conveyancing panel.
Are the BSA planning on creating a online directory to list law firms on the Darlington Building Society conveyancing panel for instance in Coningsby?
We are not aware of any intention on the part of the BSA to promote such a tool.
Me and my partner are buying a apartment in Coningsby. It might be a silly question but how we can trust a solicitor? On the day of competition we have to send our life savings into their account. What protection do 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.
I am helping my mother sell her flat in Coningsby. Will the conveyancing solicitor commission the energy assessment or it is for the owner to see to?
After the abolition of Home Packs, energy assessments was left as a compulsory component of selling a house. An energy assessment should be commissioned prior to the property being advertised. This is not something that solicitors ordinarily organise. If you are using a Coningsby conveyancing practitioner they may be willing to arrange energy performance certificates given their relationships with reputable Coningsby accredited person
We previously chose conveyancing lawyers based in Coningsby on the Nationwide solicitor approved list. They are now charging me a supplemental charge for the legal aspects of the Nationwide mortgage. Is this a supplemental conveyancing fee set by Nationwide?
As unfair as it may seem, as long as it’s in their Terms and Conditions or estimate then yes your conveyancing practitioner is entitled to charge a fee for this. This fee is not dictated by Nationwide but by your Coningsby lawyer. Numerous firms on the Nationwide panel will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
What can a local search tell me regarding the house I am buying in Coningsby?
Coningsby conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations such as Onsearch The local search plays a central role in many a Coningsby conveyancing purchase; that is if you don’t want any nasty once you have moved into your property. The search will supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
It has been five months following my purchase conveyancing in Coningsby took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the guidance of my in-laws I had a survey completed on a property in Coningsby ahead of instructing lawyers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies may refuse to give a mortgage on a flying freehold house.
It depends who your proposed lender is. Santander has different instructions from Halifax. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Coningsby. Conveyancing may be slightly more expensive based on your lender's requirements.