My fiance and I are hoping to purchase a home in Chantry and have appointed a Chantry conveyancing practice. Within the past 48 hours our property lawyer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Norwich and Peterborough Building Society have this evening contacted us to inform me that they have now hit a problem as our Chantry solicitor is not on their approved list of lawyers. What do we do from here?
When purchasing a property with the benefit of a mortgage it is usual for the purchasers' solicitors to also represent 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 Accreditation Scheme. Your property lawyer should contact your bank 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 bank's conveyancing panel as you are at liberty to use your preferred Chantry lawyers, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
Would the conveyancing lawyers via your comparison service handle conveyancing in Chantry by way of an attended exchange?
We do have a number of conveyancing specialists carrying out attended exchanges. Do e-mail us to secure a costs illustration and details as to dates.
How do I discover of the solicitor carrying out my conveyancing in Chantry is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Ireland thus spending £192.00 in another set of legal costs.
You should make the most of the search tool on this web page. Pick the lender and type ‘Chantry’ or your location and you will discover a number of lawyer located in Chantry or nearest you.
I decided to have a survey carried out on a property in Chantry before instructing lawyers. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some banks tend refuse to give a mortgage on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Chantry. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it simple use your search facility to select a conveyancing solicitor in Chantry on the panel for my lender?
First choose a bank such as Birmingham Midshires, Leeds Building Society or Nottingham Building Society then choose your location a common one being Chantry. Conveyancing organisations in Chantry and beyond will then be listed.