Me and my partner are hoping to purchase a 2 bedroom flat in Southwell with a mortgage. We like our Southwell solicitor, however the lender advise he's not on their "panel". It seems we have no option but to select one of the bank panel solicitors or continue with our Southwell solicitor as well as pay for one of their panel ones to act for them. We regard 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 lender’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 Southwell conveyancing lawyer to apply to be on the conveyancing panel.
Completed the sale of my flat in Southwell last July but my buyer keeps whats apping every few hours to say their conveyancer is waiting to hear from mine. What should my lawyer have done following completion?
Following your disposal your lawyer should forward the transfer documentation and all supplemental paperwork to the purchaser's conveyancer. Where relevant, your conveyancer should also evidence that the mortgage has been discharged to the purchasers conveyancers. There is unlikely to be post completion steps just for conveyancing in Southwell.
I purchased my home on 11 February and the transaction details is not yet registered. Need I be worried? My conveyancing solicitor in Southwell advises it would be recorded inside ten days. Are properties in Southwell particularly slow to register?
As far as conveyancing in Southwell is concerned, registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can differ according to who lodges the application, whether there are errors and whether the Land registry must send notices to any 3rd persons or bodies. As of today in the region of 80% of submission are fully dealt with within 12 days but occasionally there can be protracted hold-ups. Historically registration takes place after the new owner is living at the property therefore 'speed' is not always an essential issue but if there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Southwell differ for newly converted properties?
Most buyers of new build or newly converted property in Southwell approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is constructed. This is because developers in Southwell tend to buy 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 Southwell or who has acted in the same development.
I need to instruct a conveyancing solicitor for freehold conveyancing in Southwell. I've stumble across a site which looks to be the perfect offering If it is possible to get all formalities done via phone that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?