My fiance and I are planning to buy a flat in Aughton and are in fact using a Aughton conveyancing firm. Within the past 48 hours our solicitor has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Lloyds TSB Bank have this afternoon contacted us to advise us that there is now an issue as our Aughton solicitor is not on their approved list of lawyers. Please explain?
When purchasing a property with the benefit of a mortgage it is usual for the purchasers' lawyers to also represent the mortgage company. 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 solicitor 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 are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Aughton solicitors, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
Would the conveyancing solicitors listed on your site conduct conveyancing in Aughton by way of an attended exchange?
We do have a number of conveyancing experts carrying out attended exchanges. You should contact us to get a conveyancing quote and details as to dates.
Completed the sale of my flat in Aughton last June yet the purchaser is texting daily to say their conveyancer is waiting to hear from mysolicitor. What should have happened now that I have sold?
Post completion of your house sale your solicitor is committed to deliver the transfer documentation and all of the paperwork to the purchaser's conveyancer. Where appropriate, your conveyancer should also send confirmation that the legal charge in favour of the lender has been paid off to the purchasers conveyancers. There is unlikely to be post completion procedures peculiar conveyancing in Aughton.
I require fast conveyancing in Aughton as I am faced with an ultimatum to exchange contracts in less than one month. A home loan is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are not obtaining a mortgage you have the choice not to do searches although no lawyer would recommend that you don't. With plenty of history conveyancing in Aughton the following are examples of issues that can arise and therefore affect future mortgageability: Enforcement Notices, Overdue Charges, Overdue Grants, Road Schemes,...
I have justdiscovered that Wolstenholmes have been shut down. They conducted my conveyancing in Aughton for a purchase of a leasehold flat 18 months ago. How can I check that my home is registered correctly in the name of the former proprietor?
The quickest way to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Aughton conveyancing specialists.