Me and my partner are purchasing a 2 bedroom apartment in Rush Green with a mortgage. We wish to retain our Rush Green solicitor, but the bank says she’s not on their "panel". It appears that we have little choice but to select one of the lender panel solicitors or keep our Rush Green lawyer and pay for one of their panel lawyers to represent them. This feels very unfair; is there anything we can do?
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. A further alternative is for your Rush Green conveyancing solicitor to apply to be on the conveyancing panel.
Why is leasehold purchase conveyancing in Rush Green is more expensive?
Rush Green leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I bought my house on 14 June and the transaction details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Rush Green advises it will be formalised inside ten days. Are transfers in Rush Green uniquely lengthy to register?
As far as conveyancing in Rush Green registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timescales can differ depending on the party submitting the application, whether it is in order and if the Land registry must send notices to any 3rd parties. At present roughly three quarters of such applications are fully dealt with in less than three weeks but some can be subject to longer hold-ups. Registration takes place after the purchaser has moved in to the premises thus 'speed' is not typically top priority but where it is urgent that the the registration takes place urgently then you or your lawyers must communicate with the Registry to express the reasoning for the application to be prioritised.
I am looking into buying my first house which is in Rush Green and I am already nervous. I couldn't find anything specific about Rush Green. Conveyancing will be needed in due course but do you know about the Rush Green area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Rush Green. In the meantime here are some basic statistics that we found
Am I better off to appoint a Rush Green conveyancing lawyer who is local to the property I am buying? I have an old university friend who can deal with the conveyancing but they are based over three hundred kilometers drive away.
The benefit of a local Rush Green conveyancing firm is that you can drop in to sign documents, hand in your ID and apply pressure on them where appropriate. Having local Rush Green know how is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and they were happy that should surpass using an unknown Rush Green conveyancing solicitor just because they are based in the area.
Being a leasehold owner I am liable for a service charge for my property in Rush Green. As a result of personal circumstances I slipped behind with remittance. The managing agents agreed a clearance plan but there is still two outstanding at the current time.
I want to sell and I am concerned this will jeopardize the sale if I have to settle the amount due in advance. I'd like to sell up and then discharge the debt from the completion monies - is this viable?
Do speak with the lawyer conducting your Rush Green conveyancing but one option may be to agree for the debt to be attributed to the buyers. The purchase price due would be reduced to reflect the amount of debt they assume. They could then discharge the arrears following completion of the sale.