Unfortunately I am unable to travel far from Newhaven. Is there a reason why all Newhaven solicitors are not on all mortgage company panels?
Lenders normally restrict either the type or the number of conveyancing firms on their panel. Typical examples of such criteria being that a firm is required to have two or more partners. As well as restricting the structure of firm, some have decided to restrict the number of practices they permit to represent them. It is worth noting that lenders have no responsibility for the quality of conveyancing provided by any Newhaven solicitor on their panel. Increases in mortgage fraud was a key driver in the culling of solicitor panels in the last decade notwithstanding that there are contrary views about the extent of solicitor involvement in some of that fraud. Statistics via the Land Registry reveal that thousands of conveyancing firms only conduct one or two conveyances annually. Those advocating conveyancing panel cuts ask why conveyancing firms should have the right to be on a conveyancing panel when it is evident that conveyancing is not their speciality?
We are purchasing a property and need a conveyancing solicitor in Newhaven who is on the Nationwide approved panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nationwide . We don't recommend any particular firms conducting conveyancing in Newhaven.
I am purchasing a terraced house in Newhaven. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Newhaven 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 Newhaven.
What is the difference between a licensed conveyancer and conveyancing solicitor in Newhaven
Two types of professional can perform conveyancing in Newhaven namely licenced conveyancers or solicitors. Both professionals administer the legal services that you need to complete the sale or acquisition of property. They are both duty bound to handle Newhaven conveyancing on similar quality and guidelines so you may be sure that your conveyancing will be professionally administered and that the requirements and procedures will be appropriately adhered to.
Forgive me if this question is silly but I am wet behind the ears as a 1st time purchaser of a ground floor flat in Newhaven. Do I pick up the keys to the premises on the completion date from my conveyancer? If so, I will use a High Street conveyancing solicitor in Newhaven?
On the day of completion you will not be required to attend the conveyancers office in Newhaven. Your solicitors will arrange to send the completion advance to the owner’s conveyancers, and once they have received this, you should be called to collect the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
I currently have a mortgage with Coventry BS for my property in Newhaven. Conveyancing was finalised months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Coventry BS?
You must advise Coventry BS before renting your property as this is likely to be a breach of Coventry BS’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Coventry BS directly. It should not be necessary to do this via a Coventry BS conveyancing panel lawyer.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Newhaven is where the house is located. Can you offer any advice?
Flying freeholds in Newhaven are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Newhaven you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Newhaven 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.
Do I need to be wary by 3rd parties that I am dealing with are suggesting a factory type conveyancing firm as opposed to a local Newhaven conveyancing practice?
As with many professional services, often referrals from relatives can be extremely useful or valuable. But there are numerous people with a vested interest in a conveyancing deal; estate agents, financial adviser and mortgage companies might all suggest lawyers to choose. On occasion the lawyers might be known to one of the organisations as experts in their field, but occasionally there may be a financial incentive behind the endorsement. You have the discretion to appoint your preferred conveyancer. You need to be aware that some mortgage providers have an approved list of law firms you must use for the lender related work in your conveyancing.