We are intending to acquire a 2 bedroom apartment in Prestwich with a mortgage. We like our Prestwich lawyer, however the lender says he's not on their "panel". It seems we have no choice but to appoint one of the bank panel solicitors or continue with our Prestwich property lawyer as well as pay for one of their panel lawyers to act for them. This feels very unfair; is there anything we can do?
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 Prestwich conveyancing solicitor to apply to be on the conveyancing panel.
I need some expedited conveyancing in Prestwich as I am faced with a deadline to exchange contracts within 4 weeks. Luckily I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are not taking a home loan you have the choice not to do searches although no law firm would suggest that you don't. Drawing on years of experience of conveyancing in Prestwich the following are examples of what can crop up and adversely affect future mortgageability: Enforcement Notices, Overdue Charges, Outstanding Grants, Unadopted Roads,...
I have recentlybecome aware that Stirling Law have closed. They conducted my conveyancing in Prestwich for a purchase of a freehold house 9 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The easiest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Prestwich conveyancing specialists.
Due to the input of my in-laws I had a survey completed on a house in Prestwich ahead of instructing conveyancers. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some lenders may refuse to give a loan on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different requirements from Birmingham Midshires. Should you wish to call us we can investigate further via 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 Prestwich. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the estate of my uncle I am selling a property in Swansea but reside in Prestwich. My solicitor (approximately 260 miles awayrequires that I execute a statutory declaration ahead of completion. Could you suggest a conveyancing lawyer in Prestwich who can witness and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are Prestwich based