My husband and I are intending to acquire a 3 bedroom flat in Maidstone with a mortgage. We wish to retain our Maidstone solicitor, however the bank advise he's not on their "panel". We have to appoint one of the lender panel firms or keep our Maidstone lawyer as well as pay for one of their panel firms to represent them. We regard this is unjust; is there anything we can do?
No, not really. 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 Maidstone conveyancing solicitor to apply to be on the conveyancing panel.
My fiancee and I are buying our first property. The solicitor has texted usto check if we want to take out extra conveyancing searches. As novices we are clueless as to what's appropriate for conveyancing in Maidstone
The quantity and type of Maidstone conveyancing searches depends entirely on the property, the location, the probability of any of these risks, your familiarity of the region and risks, your general attitude to risk. What is important is that you properly appreciate what information each search could supply. Then you can decide if you personally think you need that search. If unsure, ask your lawyer to recommend.
My friend suggested that where I am purchasing in Maidstone I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Maidstone conveyancing searches. It is a large report of more than thirty pages, listing and setting out important information about Maidstone around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Maidstone Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information about Maidstone.
The deeds to my house are lost. The lawyers who did the conveyancing in Maidstone 5 years ago no longer exist. Will I be able to sell the house?
These day there are copies made of almost everything, and your conveyancer will be aware exactly where to locate all the appropriate documentation so you can purchase or dispose of your house without any difficulty. If duplicates are not available, your solicitor may be able to arrange cover in the form of insurance or indemnities protecting you against future claims on your premises.
We had our home loan approved on Tuesday with our lender. We instructed a local conveyancer in Maidstone two days ago. This morning, our broker called to say that the bank said that we cannot use our solicitor as they aren't on their 'approved list'. As FTB's, we did not have a clue that the lender had some control over our choice Is this allowed?
You can actually choose any conveyencer you wish to appoint including the said conveyancer in Maidstone however if they are not on the your bank's approved list you will have to fork out an extra fee so the mortgage company can instruct their own conveyancer too. On occasion it is possible your preferred conveyancing firm to get included on to the lender list of approved firms. You can use web-based search facilities such as lenderpanel.com to find a conveyancing solcitor in Maidstone on the lender panel. You can go into your high street lender branch in Maidstone. They can recommend conveyancing solicitors in Maidstone on the mortgage company panel.