We decided to purchase a 3 bedroom apartment in Glenfield with a loan from Coventry Building Society.We use our Glenfield conveyancing practitioner but Coventry Building Society advised that she’s not on their approved list of member firms. We have to appoint a Coventry Building Society panel firm or keep our high street solicitor and fork out for a Coventry Building Society panel lawyer to represent them. This seems very unfair; Can we not simply insist that Coventry Building Society use our lawyer?
Unfortunately,no. The loan issued to you is subject to its various provisions, a common one being that solicitors must be on the Coventry Building Society conveyancing panel. in the past, most mortgage companies 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. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Coventry Building Society
My wife and I purchasing a detached bungalow in Glenfield. The intention is to carry out an extension to the side at the property.Will legal conveyancing on the property involve checks to determine if these alterations are prohibited?
Your solicitor should review the deeds as conveyancing in Glenfield can occasionally identify restrictions in the title documents which prohibit certain alterations or need the consent of a 3rd party. Certain additions require local authority planning permissions and approval in compliance with building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
Is it the case that all Glenfield solicitor practices on the Skipton conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Skipton approved list of solicitors they would need to be overseen by the SRA. Many lenders do allow licenced conveyancers on their panel and in such a situation the practice would be governed by the Council of Licensed Conveyancers.
My husband and I have organised the release of further monies on our home loan from Co-operative as we intend to conduct improvements to our house in Glenfield. Are we obliged to select a bricks and mortar Glenfield solicitor on the Co-operative conveyancing panel to handle the paperwork?
Co-operative do not ordinarily instruct firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Co-operative list.
I need some fast conveyancing in Glenfield as I am under an ultimatum to exchange contracts within one month. Fortunately I do not require a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are are a cash purchaser you are at liberty not to do searches although no conveyancer would advise that you don't. With lots of history conveyancing in Glenfield the following are instances of issues that can show up and adversely affect future saleability: Refused Planning Applications, Overdue Fees, Overdue Grants, Railway Schemes,...
I opted to have a survey carried out on a house in Glenfield before instructing conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some banks may refuse to grant a mortgage on such a property.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Glenfield. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Glenfield to see if the conveyancing costs will increase in light of this.
How simple is it to switch conveyancer as I need to retain a firm on the Nationwide Building Society conveyancing list. I was using a high street conveyancing solicitor in Glenfield round the corner but she is not accepted by Nationwide Building Society
We will our best to assist in finding you a conveyancing solicitor in Glenfield on the Nationwide Building Society panel. Please note that the solicitors that we list do not pay us commission if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Glenfield. In making use of the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Glenfield.
Should I use a Glenfield conveyancing lawyer in close proximity to the house I am buying? I have an old university friend who can conduct the legal work however his firm is located approximately 350kilometers drive away.
The benefit of a high street Glenfield conveyancing practice is that you can visit the firm to sign paperwork, present your identification documents and pester them if necessary. They will also have local intelligence which is a plus. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were impressed that must outweigh using an unknown Glenfield conveyancing solicitor just because they are round the corner.