Me and my partner are intending to acquire a 1 bedroom apartment in Chathill with a mortgage. We wish to retain our Chathill solicitor, but the bank says she’s not on their "panel". It appears that we have little option but to appoint one of the bank panel conveyancing practices or retain our Chathill lawyer and pay for one of their panel firms to represent them. We consider that this is inequitable; is there anything we can do?
Unfortunately,no. Your mortgage offer 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. A further alternative is for your Chathill conveyancing solicitor to apply to be on the conveyancing panel.
Would the conveyancing solicitors identified through your search app carry out right to buy conveyancing in Chathill?
We do have plenty of conveyancing lawyers carrying out right to buy transactions You should e-mail the lawyers listed in order to secure a costs illustration.
I am mortgaging my apartment in Chathill, does my lawyer need to be on the Santander Conveyancing panel?
In theory, you could use a solicitor that is not on the Santander conveyancing panel, but Santander would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I decided to have a survey done on a house in Chathill in advance of retaining solicitors. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies will refuse to give a mortgage on such a property.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. If you e-mail us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Chathill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chathill to see if the conveyancing costs will increase in light of this.
My hope is to acquire a ground floor flat in Chathill. Conveyancing solicitor has been awaiting, from the seller, building insurance documents. Earlier today I was advised that the owner must send the insurance documents for the flat above also. Why would my solicitor need to check the insurance for the flat above? Is it strictly required? We have been stalled for the last month…
It is not impossible in leasehold conveyancing in Chathill to find Conveyancing in Chathill in a minority of cases reveals that the lease requires the leasehold owners to insure their individual flats rather than the freeholder insuring the complete building - which is clearly better. Do clarify with your solicitor but it would seem that your lawyer is seeking to verify that the complete building is insured. Insuring a ground floor flat is no help when it comes to rebuilding after a fire if the 1st floor cannot be rebuilt due to lack of insurance.