My fiance and I are hoping to buy a newly converted flat in Blackwell with a loan from lend.We have a Blackwell conveyancing solicitor but lend advised that his firm is not on their approved list of firms. we are left little option but to use a lend panel solicitor or keep our local solicitor and fork out for one of their panel ones to represent them.This seems very unfair; is there anything we can do?
No, not really. The loan issued to you contains various provisions, a common one being that solicitors needs to be on the conveyancing panel.Until recently, most banks had large numbers of law firms on their panels: a borrower could find 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 solicitors to apply to be on the conveyancing panel for
I need some expedited conveyancing in Blackwell as I have an ultimatum to exchange contracts inside 4 weeks. Thankfully I do not require a mortgage. Can I avoid the conveyancing searches to save money and time?
If.Given you are are a cash buyer you are at liberty not to have searches carried out although no lawyer would advise that you don't. With lots of history conveyancing in Blackwell the following are instances of what can show up and therefore affect the marketability of the property: Enforcement Actions, Outstanding Fees, Overdue Grants, Railway Schemes,...
Should I instruct a Blackwell conveyancing solicitor based in the location that I am buying? I have an old university friend who can deal with the legal formalities but they are based 400miles drive away.
The primary upside of using a local Blackwell conveyancing practice is that you can visit the firm to execute documents, hand in your identification documents and pester them where appropriate. Having local Blackwell know how is a plus. However nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and on the whole were impressed that should trump using an unfamiliar Blackwell conveyancing lawyer solely due to them being round the corner.