My husband and I are hoping to purchase a home in Ware and are in fact using a Ware conveyancing practice. Within the past 48 hours our lawyer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Britannia have this afternoon contacted us to advise us that they have now hit a problem as our Ware lawyer is not on their conveyancing panel. Please explain?
Where you are buying a property requiring a mortgage it is standard for the purchasers' lawyers to also act for the purchaser's lender. 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 Quality Scheme. Your solicitor should contact your lender 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 don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Ware lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.
Do I need to attend the offices of the solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Ware so that I can attend their offices when needed.
Nowadays conveyancing panel lawyers for lenders undertake all of the communications via the post, internet or over phone calls. This means that they can undertake the legal work for your home move regardless of where you live in England or Wales. Nevertheless you should see if you have the option of attending the offices of your conveyancing lawyer if needed.
I acquired my home on 12 May and the transaction details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Ware expressed confidence that it should be registered inside ten days. Are titles in Ware particularly slow to register?
There is nothing unique about conveyancing in Ware registration formalities. Rather than based on location, timeframes can adjust according to who lodges the application, whether there are errors and if the Land registry must send notices to any other parties. Currently in the region of 80% of such applications are completed within two weeks but occasionally there can be protracted hold-ups. Historically registration occurs after the purchaser has moved in to the premises therefore 'speed' is not always top priority yet where there is a degree of urgency associated with the registration then you or your lawyers could contact the land registry and explain the circumstances.
I am looking for a leasehold apartment up to £245,000 and found one near me in Ware I like with a park and transport links in the vicinity, however it only has 52 years on the lease. I can't really find anything else in Ware in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage that many years may be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may 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 and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
I am downsizing from my property. My previous conveyancers closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Ware if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Ware. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
Me and my wife have just had an offer accepted on a flat and had meeting on Wednesday with Leeds Building Society for the mortgage. They warned us that when it comes to choosing a conveyancer that if they are not on their approved list of conveyancing practitioners then we will have to pay out an additional charge of £200. This is because they will then have to instruct a property lawyer to act for them as well as the one we appoint on our behalf and we are liable for their fees. I have asked Leeds Building Society to supply me with a list so I can request quotes only from their approved solicitors but was told they dont have such a list to hand over. Is there a simple way of finding out who is on a lender panel?
You can enquire of Leeds Building Society what their criteria for panel membership is for a solicitor.Thereafter ask the lawyer of your choice whether they meet the criteria and have they acted on mortgages for Leeds Building Society in the past. If the answer to those is yes, then just double check with Leeds Building Society. Alternatively please utilise our search facility and we should be able to find you a conveyancing practitioner in Ware on the panel for Leeds Building Society.