We are buying a 1 bedroom apartment in Kegworth with a mortgage. We like our Kegworth conveyancer, however the mortgage company advise she’s not on their "panel". It seems we have little option but to appoint one of the mortgage company panel solicitors or continue with our Kegworth property lawyer and pay for one of their panel firms to represent them. This feels very unfair; are we not able to insist that the bank use our Kegworth conveyancing practitioner ?
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 Kegworth conveyancing solicitor to apply to be on the conveyancing panel.
Having sold my house in Kegworth last January but our buyer keeps texting me to moan that his solicitor is waiting to hear from mylawyer. What should have happened now that I have sold?
After completion of your sale your conveyancer is duty bound to forward the transfer documentation and all additional paperwork to the buyer’s lawyers. If applicable, your solicitor should also confirm that the mortgage has been paid off to the buyers conveyancers. There are no post completion tasks just for conveyancing in Kegworth.
Are there restrictive covenants that are commonly identified as part of conveyancing in Kegworth?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Kegworth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the guidance of my in-laws I had a survey completed on a house in Kegworth prior to retaining conveyancers. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some banks tend not grant a mortgage on such a home.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. If you contact us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Kegworth. Conveyancing may be slightly more expensive based on your lender's requirements.
How simple is it to swap firm as I need to find one who is on the National Westminster Bank conveyancing panel. I instructed a local conveyancing solicitor in Kegworth five minutes from me but the firm is not approved by National Westminster Bank
It would be our pleasure to help you select a conveyancing solicitor in Kegworth on the National Westminster Bank panel. Please note that the law firms that we work with do not pay us commission if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Kegworth. In making use of the find a conveyancing solicitor tool on this site, you can compare charges for conveyancing solicitors in Kegworth and beyond.
Is it best to use a Kegworth conveyancing lawyer who is local to the property I am purchasing? I have an old university friend who can execute the legal formalities but they are based 400miles away.
The benefit of a high street Kegworth conveyancing practice is that you can attend the office to sign documents, present your ID and pester them where appropriate. Having local Kegworth know how is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and the majority were content that must surpass using an unknown Kegworth conveyancing lawyer just because they are local.