We are purchasing a newly converted apartment in Caister On Sea with a residential mortgage from lend.We like our Caister On Sea conveyancing lawyer but lend says he's not listed on their "panel". It seems we are left with little choice but to instruct a lend panel solicitor or keep our high street solicitor and pay for a lend panel lawyer to represent them.We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The loan issued to you contains various provisions, one of which will be that lawyers will be on the approved list.in the past, most banks had large numbers of solicitors 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 lawyer to apply to be on the conveyancing panel for
How does conveyancing in Caister On Sea differ for new build properties?
Most buyers of new build residence in Caister On Sea approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Caister On Sea tend to acquire the site, 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 Caister On Sea or who has acted in the same development.
I am 3 weeks into a freehold purchase having been recommend to a firm by the high street agent to carry out the conveyancing in Caister On Sea. I am not happy. Could you help me find new conveyancers?
They would have to be really poor in order to consider diss instructing them. Has your mortgage offer been generated? If so you need to inform them of the replacement solicitor and have the loan are re-issued. Your new solicitor ideally needs to be on the mortgage company panel to avoid supplemental charges and delays. So that should be your starting point. Our search tool should help you find a lender approved conveyancer for your conveyancing in Caister On Sea