We are buying a 2 bedroom flat in Market Deeping with a mortgage. We have a Market Deeping solicitor, but the mortgage company says she’s not on their "panel". It seems we have little option but to instruct one of the mortgage company panel firms or keep our Market Deeping lawyer and pay for one of their panel lawyers to act for them. This feels very unfair; can we not require that the mortgage company use our Market Deeping solicitor ?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’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 Market Deeping conveyancing solicitor to apply to be on the conveyancing panel.
My fiancee and I are purchasing our first home. Our lawyer has calledto ask if we would like to take out extra conveyancing searches. Frankly we have no idea as to what's necessary for conveyancing in Market Deeping
The type of Market Deeping conveyancing searches depends primarily on the property, the location, the likelihood of any of these risks, your familiarity of the region and risks, your overall attitude to risk. What is important is that you adequately comprehend what information each search could provide. You may then make a decision if you consider that you need that search. Should you be unsure, ask your lawyer to guide you.
Can I use your services to find a Conveyancing solicitor in Market Deeping even where I’m not purchasing or selling a house, for example where I wish to acquire an office in Market Deeping with a loan from Halifax?
Our comparison service is mainly there to find residential conveyancing solicitors in Market Deeping but we have set out towards the bottom of this page a selection of Market Deeping commercial conveyancing firms. You will need to make contact with the company directly to check if they are also authorised to represent Halifax
I am buying a right to buy a flat in Market Deeping. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Market Deeping you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Market Deeping.
Forgive me if this question is silly but I am new to the process as FTB of a ground floor flat in Market Deeping. Do I collect the keys to the house on completion from my solicitor? If this is the case, I will instruct a High Street conveyancing solicitor in Market Deeping?
On the day of completion you will not be required to attend the conveyancers office in Market Deeping. Your solicitors will arrange to send the purchase money to the vendor’s solicitors, and shortly after the monies have arrived, you will be called to collect the keys from the selling Agents and move into your new home. Usually this happens early afternoon.
After much negotiation I have agreed a price on an apartment in Market Deeping. My mortgage broker suggested a solicitor. I paid an on account payment of £225. Not long after, the conveyancing practitioner contacted me to say that they were not on the HSBC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the HSBC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have instructed a Market Deeping property lawyer having made sure that they are on the Virgin Money conveyancing panel. Does my lawyer arrange the survey of the property?
Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Market Deeping postcode. As you are getting a mortgage with Virgin Money, you could contact them to see if they have a list of approved surveyors in Market Deeping.
Having had my offer accepted I require leasehold conveyancing in Market Deeping. Before I get started I want to be sure as to the number of years remaining on the lease.
Assuming the lease is registered - and almost all are in Market Deeping - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a basement flat in Market Deeping, conveyancing was carried out in 2006. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Market Deeping with a long lease are worth £191,000. The ground rent is £55 invoiced annually. The lease ceases on 21st October 2076
You have 53 years left to run we estimate the price of your lease extension to span between £27,600 and £31,800 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.