We are buying a purpose built flat in Newbury with a homeloan from Platform Home Loans Ltd.We would like to retain our Newbury conveyancing lawyer but Platform Home Loans Ltd says she’s not on their approved list of firms. It seems we are left with little choice but to instruct a Platform Home Loans Ltd panel solicitor or keep our preferred solicitor and pay for a Platform Home Loans Ltd panel lawyer to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The loan offered to you contains various provisions, one of which will be that solicitors must be on the Platform Home Loans Ltd solicitor panel. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find 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 lawyer to apply to be on the conveyancing panel for Platform Home Loans Ltd
I can see plenty of here about conveyancing in Newbury but what is your top tip for selecting the right conveyancer in Newbury
Do not opt for the lowest Newbury conveyancing costs illustration. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Can I be sure that the Newbury conveyancing solicitor on the Co-operative panel is any good?
When it comes to conveyancing in Newbury obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor handling your transaction.
I have today made my last payment due on my mortgage with Co-operative. I assume I don't need a Newbury conveyancing practitioner on the Co-operative panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Co-operative mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Co-operative mortgage from the register. Co-operative, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Co-operative has sent the Land Registry the discharge electronically, and
- Co-operative has instructed the Land Registry to do so
I acquired my home on 7 February and my personal details is not yet registered. Should I be concerned? My conveyancing solicitor in Newbury advises it should be formalised inside ten days. Are titles in Newbury uniquely lengthy to register?
There is nothing unique about conveyancing in Newbury registration formalities. Rather than based on location, timeframes can vary depending on the party submitting the application, whether there are errors and whether the Land registry must send notices to any other persons or bodies. Currently roughly three quarters of submission are completed in less than three weeks but some can be subject to extensive hold-ups. Registration is effected after the new owner has moved in to the property therefore an expedited registration is not typically primary concern but if there is a degree of urgency associated with the registration then you or your solicitor could contact the land registry and explain the circumstances.
I am looking for a ground for flat up to £305k and identified one round the corner in Newbury I like with open areas and station in the vicinity, the downside is that it only has 51 years on the lease. There is not much else in Newbury in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
How do I search for a Newbury law firm on the The Royal Bank of Scotland conveyancing panel? I have wheels and am willing to travel upto 10kilometers to meet the solicitor.
Feel free to make use of the tool on this website. Please pick a lender and your location and you will see a number of Newbury conveyancing lawyers locally. We have listed some Newbury conveyancing firms towards the end of this page and you can contact them to verify whether they are on the The Royal Bank of Scotland panel
I am planning to acquire a flat and require a conveyancing solicitor in Newbury who is on the mortgage company approved panel. Could you point me in the right direction as regards a Newbury solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the lender who do conveyancing in Newbury. We dont recommend any particular conveyancing practice.