I am acquiring a ground floor flat in Geddington. My Conveyancer has never been on on the bank approved panel. Is it possible for me to appoint my Geddington conveyancing solicitor even though they are not on the lender panel of approved conveyancing solicitors?
One will need to instruct a conveyancing practitioner to deal with the legal work required when you need a mortgage to buy your property. The lawyer will conduct all the necessary legal checks on the property, make sure that you will be properly registered as the owner and ensure that all the required mortgage paperwork is in order. You can select a Geddington lawyer of your choosing. However, if the solicitor appointed is not on the mortgage company conveyancing panel additional fees will be levied as separate legal representation will be need by the lender. Conveyancing panel applications may be submitted, so where your solicitor has not in the past applied for membership they can do so.
My Solicitor in Geddington is not on the HSBC Bank Conveyancing Panel. Is it possible for me to continue with my prefered solicitor even though they are not on the HSBC Bank list of approved lawyers?
Your options are as follows:
- Carry on with your preferred Geddington solicitors but HSBC Bank will need to instruct a solicitor on their panel. This will result in additional total conveyancing fees and result in frustration.
- Get an alternative practitioner to to deal with the purchase, obviously checking they are on the HSBC Bank panel
Are there restrictive covenants that are commonly picked up during conveyancing in Geddington?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Geddington. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Geddington differ for new build properties?
Most buyers of new build residence in Geddington approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because developers in Geddington tend to acquire the land, 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 accustomed to new build conveyancing in Geddington or who has acted in the same development.
Is it possible to transfer to a new firm as I have to find a firm on the Barclays conveyancing list. I had appointed a local conveyancing solicitor in Geddington round the corner but she is not approved by Barclays
It would be our pleasure to help you select a conveyancing solicitor in Geddington on the Barclays panel. Please note that the property lawyers that we on the directory do not pay us fee if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Geddington. Using search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Geddington.