Me and my fiance are intending to buy a 1 bedroom apartment in Maltby with a mortgage. We like our Maltby conveyancer, but the mortgage company says he's not on their "panel". It seems we have little choice but to use one of the bank panel firms or continue with our Maltby conveyancer and pay for one of their panel ones to act for them. This seems very unfair; are we not able to demand that the lender use our Maltby lawyer ?
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 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. A further alternative is for your Maltby conveyancing lawyer to apply to be on the conveyancing panel.
Can you explain why leasehold purchase conveyancing in Maltby is more expensive?
The conveyancing costs for a leasehold premises in Maltby is often more expensive as compared to a freehold property. This is due to the supplemental work required in dealing with the landlord and managing agents to collate the information concerning whether the rent and service charges have been discharged and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the block.
Is there a search tool that I can use to find out if the solicitor handling my conveyancing in Maltby is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Coventry Building Society thus paying £175.00 in additional conveyancing costs.
You should make use of the find a conveyancing panel solicitor tool on this site. Please choose the lender and type ‘Maltby’ or your preferred area and you will be presented with a number of lawyer based in Maltby or nearest you.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Maltby is the location of the property. What do you suggest?
Flying freeholds in Maltby are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Maltby you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Maltby may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My husband and I are FTB’s - agreed a price, yet the selling agent told us that the vendor will only proceed if we instruct the agent's chosen lawyers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer with experience of conveyancing in Maltby
We suspect that the seller is unaware of this ultimatum. If they want ‘a quick sale', turning down a motivated purchaser is not the way to achieve this. Try to communicate with the vendors directly and make sure they understand (a)you are keen to buy (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 intend to instruct your preferred Maltby conveyancing lawyers - not the ones that will earn the negotiator at the agency a commission or hit his conveyancing targets demanded by senior management.
I acquired a house in Maltby last 19/5/2023 and to date it is still not recorded with the Land Registry. It was part of a development site and my conveyancing practitioner told me that it may take over a year to register. I have contacted HM Land Registry directly and they have informed me the original application was cancelled due to failure to reply to requisitions. Do I need to be concerned?
get in touch with your solicitor - Where you are unsatisfied with the responses, find out about their internal complaints procedure and amplify your problem to a Partner. Registrations for Maltby conveyancing are not known to be especially complex.