Me and my fiance are purchasing a 2 bedroom apartment in Crystal Palace with a mortgage. We have a Crystal Palace solicitor, however the mortgage company says she’s not on their "panel". We have to appoint one of the bank panel conveyancing practices or continue with our Crystal Palace property lawyer and pay for one of their panel ones to act for 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 Crystal Palace conveyancing solicitor to apply to be on the conveyancing panel.
We are soon to complete buying a house in Crystal Palace but as a result of damage from the recent storms I have was able negotiate compensation from the owner in the sum of £3k taking the form of a deduction in the price. This was going to be addressed as part of amending the contract however Nottingham are not allowing this. Why were they notified?
Your solicitor being on a Nottingham conveyancing panel is required to inform Nottingham of any variations to the sale price. If you prohibit your solicitor to report the reduction to Nottingham then they would have to discontinue acting for you. In addition, Nottingham and you would have to appoint a new property lawyer for your conveyancing in Crystal Palace.
My brother-in-law has suggested I instruct a conveyancing solicitor in Crystal Palace. I need to find out whether they are accepted on the Nationwide Building Society approved list of lawyers. Can you assist?
The first thing to do is call your lawyer and ask them if they can act for the lender. Otherwise you can call Nationwide Building Society who may be able to help.
I have justdiscovered that Action Conveyancing have been shut down. They carried out my conveyancing in Crystal Palace for a purchase of a leasehold flat 12 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The easiest way to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Crystal Palace conveyancing specialists.
Should I instruct a Crystal Palace conveyancing practitioner based in the location that I am purchasing? I have an old university friend who can carry out the legal formalities however they are based approximately 350miles drive away.
The benefit of a high street Crystal Palace conveyancing firm is that you can pop in to sign paperwork, hand in your identification documents and apply pressure on them where appropriate. Having local Crystal Palace know how is a plus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and the majority were impressed that should trump using an unfamiliar Crystal Palace conveyancing solicitor just because they are local.
At long last our conveyancing in Crystal Palace is completing next Friday, but the people I am buying off wishes to vacate on the Saturday afternoon. Can I agree to this?
In situations where you are having a mortgage then your solicitor will require that you have vacant possession on Friday - the lending institution will compel it.