My husband and I are planning to acquire a 1 bedroom apartment in Castle Eden with a mortgage. We wish to retain our Castle Eden conveyancer, but the lender advise she’s not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or continue with our Castle Eden conveyancing practitioner and pay for one of their panel firms to act for them. This seems very unfair; are we not able to require that the mortgage company use our Castle Eden conveyancing practitioner ?
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. A further alternative is for your Castle Eden conveyancing lawyer to apply to be on the conveyancing panel.
Do the conveyancing solicitors identified via your search tool conduct attended exchange conveyancing in Castle Eden?
There are a few conveyancing specialists who can conduct 24hr exchanges. You should e-mail us to get a conveyancing quote and details as to dates.
Can you explain why leasehold purchase conveyancing in Castle Eden is more expensive?
Castle Eden leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I require expedited conveyancing in Castle Eden as I am faced with a deadline to sign on the dotted line within one month. Thankfully I do not require a mortgage. Can I avoid the conveyancing searches to save money and time?
As you are are a mortgage free purchaser you are at free not to have searches conducted although no lawyer would advise that you don't. Drawing on years of experience of conveyancing in Castle Eden the following are examples of issues that can appear and adversely affect the marketability of the property: Enforcement Notices, Overdue Fees, Outstanding Grants, Railway Schemes,...
Is it best to use a Castle Eden conveyancing practitioner who is local to the property I am hoping to buy? I have an old university friend who can handle the conveyancing but her office is over three hundred kilometers drive away.
The primary upside of using a high street Castle Eden conveyancing practice is that you can attend the office to sign paperwork, deliver your ID and pester them where appropriate. Having local Castle Eden know how is a bonus. However it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and the majority were content that should trump using an unfamiliar Castle Eden conveyancing solicitor solely due to them being round the corner.