My husband and I wish to acquire a newly converted apartment in Earls Court with a residential mortgage from Britannia.We like our Earls Court conveyancing lawyer but Britannia says she’s not on their "panel". We have to appoint a Britannia panel lawyer or keep our local solicitor and fork out for a Britannia panel lawyer to act for them. This seems very unfair; Can we not simply insist that Britannia use our lawyer?
Unfortunately,no. The loan issued to you is subject to its terms and conditions, one of which will be that conveyancers must be on the Britannia conveyancing panel. in the past, most banks had large numbers of solicitors 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 solicitors to apply to be on the conveyancing panel for Britannia
I require quick conveyancing in Earls Court as I have pressure to exchange contracts inside one month. A home loan is not required. Is it possible to avoid the conveyancing searches to save money and time?
As you are not obtaining a home loan you are at liberty not to do searches although no lawyer would suggest that you don't. Drawing on years of experience of conveyancing in Earls Court the following are instances of what can crop up and adversely impact future saleability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Railway Schemes,...
How does conveyancing in Earls Court differ for newly converted properties?
Most buyers of new build property in Earls Court approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is built. This is because builders in Earls Court typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Earls Court or who has acted in the same development.
Is it possible to change firm as I need to retain a firm on the Leeds Building Society conveyancing panel. I instructed a family conveyancing solicitor in Earls Court round the corner but he is not accepted by Leeds Building Society
It would be our pleasure to assist you find a conveyancing solicitor in Earls Court on the Leeds Building Society panel. Please note that the conveyancers that we work with do not pay us fee if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Earls Court. Using search facility on this site, you can compare fees for conveyancing solicitors in Earls Court and beyond.
We're novice buyers - had an offer accepted, yet the agent informed us that the vendor will only move forward if we instruct the agent's chosen solicitors as they are insisting on a ‘quick sale’. My instinct tells me that we should use a local solicitor with experience of conveyancing in Earls Court
It is unlikely the owners are behind this. Should the vendor require ‘a quick sale', alienating a genuine purchaser is counter productive. Avoid the agents and go straight to the owners and make the point that (a)you are serious buyers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you are going to instruct your preferred Earls Court conveyancing solicitors - as opposed tothe ones that will earn their estate agent a referral fee or achieve conveyancing thresholds set by corporate headquarters.
I need to consider estimates for conveyancing in Earls Court from various lawyer and decide on one. Do I ask them to sit tight until I I have an offer accepted on a apartment.
You should wait to ask your solicitor to start work and apply for searches once the sales confirmation has been issued by the selling agent especially as Earls Court conveyancing searches are costly.