Me and my fiance are buying a 2 bedroom apartment in Dulverton with a mortgage. We like our Dulverton solicitor, but the lender advise she’s not on their "panel". It seems we have no option but to select one of the mortgage company panel solicitors or keep our Dulverton property lawyer as well as pay for one of their panel firms to act for them. We regard this is inequitable; can we not insist that the lender use our Dulverton lawyer ?
No, not really. 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. A further alternative is for your Dulverton conveyancing solicitor to apply to be on the conveyancing panel.
How does conveyancing in Dulverton differ for new build properties?
Most buyers of new build premises in Dulverton approach us having been asked by the builder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Dulverton typically buy the real estate, 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 accustomed to new build conveyancing in Dulverton or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Dulverton prior to instructing lawyers. I have been told that there is a flying freehold element to the property. The surveyor has said that some lenders may not issue a loan on a flying freehold home.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to telephone us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Dulverton. Conveyancing will be smoother if you use a solicitor in Dulverton especially if they are familiar with such properties in Dulverton.
What tools are available to search for a Dulverton solicitor on the Coventry Building Society conveyancing panel? I have a car and am happy to travel upto 20miles to meet the lawyer.
Feel free to make use of the search on this page. Please select a bank and your location and you will see a number of Dulverton conveyancing lawyers located nearest you. We have listed some Dulverton conveyancing firms towards the end of this page and you can call them to check whether they are on the Coventry Building Society member panel
I am purchasing a house and require a conveyancing solicitor in Dulverton who is on the lender approved panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who conduct conveyancing in Dulverton. We dont recommend any particular firm.