My wife and I are buying a 3 bedroom flat in Westbury Park with a mortgage. We have a Westbury Park conveyancer, however the lender says he's not on their "panel". It seems we have little option but to appoint one of the lender panel solicitors or keep our Westbury Park lawyer and pay for one of their panel firms to represent them. This seems very unfair; is there anything we can do?
No, not really. 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 Westbury Park conveyancing lawyer to apply to be on the conveyancing panel.
We are buying a property and require a conveyancing solicitor in Westbury Park who is on the Lloyds conveyancing panel. Could you point me in the right direction as regards a 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 Lloyds . We don't recommend any particular firms conducting conveyancing in Westbury Park.
How does conveyancing in Westbury Park differ for new build properties?
Most buyers of new build property in Westbury Park approach us having been asked by the builder to exchange contracts and commit to the purchase even before the property is finished. This is because house builders in Westbury Park usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Westbury Park or who has acted in the same development.
I have been on the look out for a flat up to £245,000 and identified one close by in Westbury Park I like with amenity areas and transport links nearby, the downside is that it only has 49 years unexpired on the lease. I can't really find anything else in Westbury Park for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
Is it simple use your search facility to choose a conveyancing solicitor in Westbury Park on the approved list for my bank?
First pick a lender such as Santander, Chelsea Building Society or Nottingham Building Society then specify your location e.g. Westbury Park. Conveyancing organisations in Westbury Park and across England and Wales should be shown.
There are a lot of properties in Westbury Park on unadopted roads. I am buying one such house. What are the advantages and disadvantages of buying a house on a private road?
Westbury Park conveyancing practices will be well versed in conveyancing houseson unadopted roads. Your lawyer will investigate Land Registry data to identify any rights or responsibilities. It is possible that there is a management company (wholly owned by residents) that proprietors pay into for the upkeep of the road. Where one exists, the road should be maintained and look better than publicly maintained.