My wife and I are planning to buy a home in Littleport and are in fact using a Littleport conveyancing practice. Within the last couple of days our property lawyer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Bank of Ireland have this morning contacted us to advise us that they have now hit a problem as our Littleport lawyer is not on their approved list of lawyers. Please explain?
Where you are buying a property requiring a mortgage it is usual for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel as you are at liberty to use your preferred Littleport lawyers, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
Would the conveyancing lawyers identified via your search tool handle conveyancing in Littleport by way of an attended exchange?
We do have a number of conveyancing experts who can conduct attended exchanges. You should call us to receive a fee calculation and details as to availability.
My father pointed out to me me that in purchasing a property in Littleport there could be various restrictions preventing external alterations to the property. Is this right?
There are a number of properties in Littleport which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Littleport should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
When it comes to lenders such as Co-operative, do Littleport solicitors have to pay a fee to be on the list of approved solicitors?
We are not aware of any bank fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
My husband and I have arranged a further advance on our home loan from Kent Reliance as we intend to carry out alterations to our property in Littleport. Do we need to appoint a bricks and mortar Littleport solicitor on the Kent Reliance conveyancing panel to deal with the legals?
Kent Reliance don't usually instruct firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Kent Reliance list.
Are there restrictive covenants that are commonly picked up during conveyancing in Littleport?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Littleport. 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…’
I'm remortgaging my existing house to a buy to let loan with Britannia and intend to use the remaining equity as a down payment on another property. The location we are interested in is Littleport. Will your solicitors be able to act for the two banks and tie in the transactions?
Make use of our comparison tool on this site to ensure that the conveyancers are approved by both mortgage companies. Having checked that they are your lawyer should be able to connect the two conveyancing matters but you should talk with you lawyer and make clear your desired outcome and needs.
How do I find a Littleport conveyancing solicitor on the bank conveyancing panel? I have a car and am prepared to travel up to 20miles to meet the conveyancer.
Feel free to make use of the find a conveyancing panel search on this page. Please choose the lender and your location, in this case Littleport and you will see a number of lawyer located nearest Littleport. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the bank solicitor panel.