Me and my fiance are buying a 1 bedroom apartment in Wollaton with a mortgage. We like our Wollaton lawyer, however the mortgage company says she’s not on their "panel". We have to appoint one of the lender panel conveyancing practices or retain our Wollaton solicitor as well as pay for one of their panel ones to act for them. We consider that this is inequitable; 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. Another option that might be available is for your Wollaton conveyancing lawyer to apply to be on the conveyancing panel.
I am buying a terraced house in Wollaton. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Wollaton you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Wollaton.
I am purchasing a house and the lawyer has referenced Chancel Repair to which the property may be liable as it falls into the area of such a church. She has suggested insurance. Is this really required for conveyancing in Wollaton
Unless a previous acquisition of the property took place post 12 October 2013 you can expect lawyers handling conveyancing in Wollaton to continue to advocate a chancel search and or chancel repair liability policy.
Me and my brother purchased a terraced Georgian house in Wollaton. Conveyancing solicitor represented me and Coventry Building Society. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the exact same address. Is it worth asking Coventry Building Society to clarify?
You should assess 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 Wollaton and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing practitioner who conducted the purchase.
My husband and I are first time buyers - agreed a price, but the selling agent informed us that the seller will only proceed if we use the agent's preferred lawyers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a family conveyancer with experience of conveyancing in Wollaton
It is unlikely the vendors are driving this. Should the seller desire ‘a quick sale', alienating a genuine purchaser is counter productive. Speak to the owners direct and explain that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)but you intend to instruct your own,trusted Wollaton conveyancing lawyers - not the ones that will earn their negotiator at the agency a introducer fee or meet his conveyancing figures set by senior management.
New build sellers have recommended to me a conveyancer and I've sought a quote from them. They are nearly £300 less expensive than my own Wollaton conveyancer. What's the catch?
Housebuilders normally have lists of property lawyers who expedite matters and who know the seller’s contract and conveyancing practitioner. Plenty of developers offer an incentive to use their approved lawyer for this reason, any increased fees can be avoided and a builder won't recommend a conveyancing warehouse and run the risk of having the transaction delayed when they need an exchange within a tight time frame. The argument for not opting for the recommended lawyer is that they may be hesitant to fight for your interests at the risk of alienating the housebuilder. Where you have concerns that this may be the case you should remain with your local Wollaton solicitor.