We are buying a property and require a conveyancing solicitor in Market Rasen who is on the Skipton approved panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Skipton . We don't recommend any particular firms conducting conveyancing in Market Rasen.
Can you clarify what the consequences are if my solicitor is suspended from the UBS Conveyancing panel ahead of completing my conveyancing in Market Rasen?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
A colleague pointed out to me me that in purchasing a property in Market Rasen there could be a number of restrictions preventing external alterations to a property. Is this right?
There are anumerous of properties in Market Rasen which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Market Rasen should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am currently in the process of buying my council flat in Market Rasen. I have a mortgage offer with Virgin Money. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
I recently had an offer accepted on a house in Market Rasen. My financial adviser recommended their conveyancers. I paid an upfront payment of £225. Not long after, the conveyancer called me embarrassingly acknowledging that they were not on the Clydesdale 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 Clydesdale 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.
How does conveyancing in Market Rasen differ for newly converted properties?
Most buyers of new build premises in Market Rasen come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because house builders in Market Rasen typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Market Rasen or who has acted in the same development.
I decided to have a survey carried out on a house in Market Rasen ahead of appointing lawyers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies may not grant a mortgage on such a property.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. Should you wish to telephone us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Market Rasen. Conveyancing will be smoother if you use a solicitor in Market Rasen especially if they are familiar with such properties in Market Rasen.
I have just had an offer accepted on a leasehold flat in Market Rasen and the estate agent that we are using suggested his conveyancer. She quoted nine hundred pounds plus VAT and 3rd party costs. Does this sound like a good deal?
Don't just go on one quote. One should seek like-for-like quotes for your conveyancing in Market Rasen. Then pick one that you trust and crucially, is on the approved list of the bank that you are sourcing your mortgage from.