Unfortunately I am unable to travel far from Quorn. What is the rationale as to why all Quorn conveyancing practitioners are not on all lender panels?
As unjust as it may seem for lenders to restrict who can represent them, from the public’s or solicitor’s viewpoint, the flip side is that lenders are becoming ever more anxious and consider it essential to shield themselves from mortgage fraud. As a result of this concern mortgage companies are limiting their conveyancing panel to a size that they are happy to control.
How does conveyancing in Quorn differ for new build properties?
Most buyers of new build property in Quorn come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because new home sellers in Quorn 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 property lawyers 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 used to new build conveyancing in Quorn or who has acted in the same development.
Do I need to be suspicious that brokers that I am dealing with are suggesting a national conveyancing firm as opposed to a local Quorn conveyancing company?
As with lots of professional services, often input from connections can be worth their weight in gold. Yet there are numerous players in a conveyancing deal; estate agents, financial adviser and banks might all suggest lawyers to choose. Sometimes these solicitors might be known to one of the organisations as being good in their field, but occasionally there behind the scenes commercial relationship behind the recommendation. You are free to appoint your preferred conveyancer. Don't forget that many banks operate an approved list of solicitors you are obliged to use for the lender aspect of your house move.
My partner has suggested that I use his lawyers for conveyancing in Quorn. Should I use them?
No doubt the best way to select a conveyancing lawyer is to seek guidance from friends or relatives who have previously instructed the conveyancer that you are are thinking of instructing.
I have recently had an offer accepted on an apartment in Quorn and the estate agent that we are using recommended his lawyer. She quoted £900 excluding VAT and disbursements. Does this sound reasonable?
You should not rely on one quote. You should seek like-for-like quotes for your conveyancing in Quorn. Then choose one that you trust and just as important, is on the approved list of the mortgage company that you have applied for a mortgage from.