My husband and I are intent on acquiring a maisonette in Surbiton. My property lawyer is not listed on the bank solicitor list. Am I still permitted to continue with my Surbiton conveyancing solicitor even though they are not on the mortgage company panel?
You will need to appoint a conveyancing practitioner to complete the formalities when you require a loan to purchase your home. They will carry out all the relevant investigations on the property, make sure that you will be properly registered as the owner and ensure that all the required mortgage documentation is in place. One may instruct a Surbiton property lawyer of your choosing. Nevertheless, where the solicitor selected is not on the lender approved list supplemental charges will be incurred as separate legal representation will be need by the mortgage company. Bank panel applications can be submitted, so provided your conveyancer has not historically sought membership they should do so.
Do all mortgage companies provide you with an approved list of Surbiton conveyancing solicitors? How do you know who is on the Leeds Building Society conveyancing panel?
Surbiton conveyancing firms themselves provide us confirmation that they are on the Leeds Building Society conveyancing panel as opposed to being supplied with a list from Leeds Building Society directly.
I had intended to instruct a property lawyer in Surbiton for our home move. Our broker has since advised us that our bank Nottingham Building Society won't deal with them. Surely this is unduly restrictive?
Lenders on the whole imposes restrictions either the category or the amount of conveyancing firms on their approved list of lawyers. Typical examples of such criteria being that a law practice must not be a sole practitioner. In addition to restricting the profile of firm, some have limited the amount of solicitor practices they permit to represent them. You should note that Nottingham Building Society have no responsibility for the quality of advice provided by any member of Nottingham Building Society Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago even though there are mixed views about the level of solicitor engagement in some of that fraud. Statistics from the Land Registry reveal that plenty of law firms, including some in or near Surbiton only execute a couple conveyances per annum.
I require quick conveyancing in Surbiton as I am faced with a deadline to exchange contracts in less than one month. Thankfully I do not require a mortgage. Can I avoid the conveyancing searches to save money and time?
As you are not getting a home loan you are at liberty not to do searches although no conveyancer would suggest that you don't. Drawing on years of experience of conveyancing in Surbiton the following are examples of issues that can show up and therefore affect the marketability of the property: Enforcement Notices, Overdue Fees, Overdue Grants, Road Schemes,...
I have a semi-detached Georgian house in Surbiton. Conveyancing lawyer represented me and Clydesdale. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the exact same address. Is it worth asking Clydesdale to clarify?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Surbiton and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with your conveyancing practitioner who conducted the conveyancing.
I was pointed in your direction by a few selling agents in Surbiton to get a quote from a property lawyer on your site. Is there a financial upside for Estate Agents to offer your lawyers rather than alternative conveyancing organisations?
We don’t give any referral fee for pointing buyers and sellers our way. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.