My husband and I are looking to buy a property in Ollerton and have instructed a Ollerton conveyancing practice. Within the last couple of days our conveyancer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Accord Mortgages Ltd have this morning contacted us to advise us that there is now an issue as our Ollerton solicitor is not on their approved list of lawyers. What do we do from here?
If you are buying a property needing a mortgage it is conventional for the purchasers' solicitors to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own Ollerton solicitors, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would much rather appoint a Ollerton based conveyancing firm?
Do check but the chances are that allocate you one of their panel lawyers where you accept the "fee-free" offer. Speak to the bank to explore if they allow a monetary alternative. In the past a few lenders offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in Ollerton.
Despite weeks of looking the Title Certificate and documents to our house are lost. The lawyers who conducted the conveyancing in Ollerton 4 years ago no longer exist. What do I do?
These day there are duplicates made of almost everything, and your conveyancer will know precisely where to find all the relevant paperwork so you may buy or sell your house without a hitch. Where duplicates can’t be located, your lawyer may be able to arrange cover in the form of insurance or indemnities protecting you against possible claims on the property.
I am looking to sell my property. My former lawyers closed down. I am in need of a recommendation of a conveyancing firm. Im based in Ollerton if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Ollerton. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
We're first time buyers - had an offer accepted, but the agent has warned us that the vendor will only proceed if we use their recommended solicitors as they are insisting on an ‘expedited deal’. We would rather use a high street solicitor used to conveyancing in Ollerton
We suspect that the owner is not behind this request. If they want ‘a quick sale', alienating a serious purchaser is counter productive. Contact the vendors directly and make the point that (a)you are genuine purchasers (b)you are excited to move forward, with finances in place © you are unencumbered (d) you wish to move quickly (e)however you are going to instruct your own,trusted Ollerton conveyancing firm - not the ones that will earn their estate agent a kickback or hit his conveyancing targets pre-set by head office.
What advice can you give us when it comes to appointing a Ollerton conveyancing firm to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Ollerton conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you speak with several firms including non Ollerton conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be useful:
-
What volume of lease extensions has the firm carried out in Ollerton in the last year? If the firm is not ALEP accredited then why not?
Ollerton Conveyancing for Leasehold Flats - A selection of Questions you should consider before Purchasing
-
What is the annual service fee and ground rent? What is the length of the lease? How many of the leaseholders are in arrears for their service charge payments?