We are buying a 2 bedroom flat in Geddington with a mortgage. We would like to retain our Geddington conveyancer, but the mortgage company advise he's not on their "panel". We have to appoint one of the bank panel firms or keep our Geddington conveyancing practitioner and pay for one of their panel ones to act for them. We feel that this is unjust; is there anything we can do?
Unfortunately,no. The mortgage offered to you 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 Geddington conveyancing solicitor to apply to be on the conveyancing panel.
We are looking to buy a house and require a conveyancing solicitor in Geddington who is on the Nationwide conveyancing panel. Can you recommend a local 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 Nationwide . We don't recommend any particular firms conducting conveyancing in Geddington.
We are purchasing a house and the solicitor has identified Chancel Repair to which the property may be liable given it’s proximity to the area of such a church. He has recommended insurance. Is this strictly required for conveyancing in Geddington
Unless a prior purchase of the house completed post 12 October 2013 you may assume that lawyers handling conveyancing in Geddington to remain encouraging a chancel search and or insurance against a claim.
How does conveyancing in Geddington differ for new build properties?
Most buyers of new build property in Geddington approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Geddington typically purchase 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 conveyancers 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 Geddington or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a simple, chain free conveyancing. Geddington is where the house is located. Can you offer any assistance?
Flying freeholds in Geddington are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Geddington you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Geddington may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.