We are buying a 1 bedroom apartment in Mile End with a mortgage. We have a Mile End conveyancer, but the bank says she’s not on their "panel". It appears that we have little choice but to appoint one of the mortgage company panel solicitors or continue with our Mile End conveyancing practitioner as well as pay for one of their panel lawyers to act for them. This seems very unfair; are we not able to insist that the lender use our Mile End property lawyer ?
Unfortunately,no. 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 Mile End conveyancing lawyer to apply to be on the conveyancing panel.
We are buying a house and need a conveyancing solicitor in Mile End who is on the Yorkshire BS 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 Yorkshire BS . We don't recommend any particular firms conducting conveyancing in Mile End.
What can a local search tell me about the property we're purchasing in Mile End?
Mile End conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations such as Xpress Legal The local search is essential in every Mile End conveyancing purchase; that is if you don’t want any nasty once you have moved into your property. The search will reveal data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
three months have gone by since my purchase conveyancing in Mile End took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Mile End differ for newly converted properties?
Most buyers of new build property in Mile End come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is constructed. This is because builders in Mile End tend to 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 property lawyers 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 used to new build conveyancing in Mile End or who has acted in the same development.
My husband and I are novice buyers - agreed a price, yet the selling agent told us that the owners will only move forward if we appoint their recommended conveyancers as they want an ‘expedited deal’. We would rather use a high street conveyancer accustomed to conveyancing in Mile End
We suspect that the owner is not behind this ultimatum. If they desire ‘a quick sale', taking such a hostile approach to a genuine buyer is likely to cause more damage than good. Try to communicate with the vendors directly and make the point that (a)you are serious buyers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you intend to instruct your own,trusted Mile End conveyancing firm - rather thanthose that will give the estate agent a commission or meet his conveyancing targets set by senior management.