Me and my fiance are purchasing a 3 bedroom apartment in Stonehouse with a mortgage. We wish to retain our Stonehouse lawyer, however the lender says he's not on their "panel". It seems we have no option but to select one of the lender panel conveyancing practices or keep our Stonehouse property lawyer as well as pay for one of their panel lawyers to act for them. We regard this is inequitable; 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. Another option that might be available is for your Stonehouse conveyancing lawyer to apply to be on the conveyancing panel.
At what point will exchange of contracts take place for residential conveyancing in Stonehouse and do I need to be at the conveyancers office?
If you are near to one of the conveyancing solicitors in Stonehouse you are invited in to sign the paperwork. However, the law practices we work with provide countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when communicating with you digitally. The signing of the contract is not the point of no return. A signed contract is necessary for the firm to officially exchange at the suitable time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Stonehouse)to be in the office available at the end of the phone to exchange contracts.
It has been five months since my purchase conveyancing in Stonehouse concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Stonehouse differ for new build properties?
Most buyers of new build property in Stonehouse contact us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is constructed. This is because developers in Stonehouse typically 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 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 used to new build conveyancing in Stonehouse or who has acted in the same development.
My in 2006. He has since got wed, divorced and in recent months got married again. He now intends to the sell the Stonehouse property. I think he will simply be need to provide a copy of his marriage certificates to the solicitor however he is anxious it could hold up the sale of the flat. Should he appoint a lawyer to update the title information for the house?
The is no need to update the register on the basis that you have the proof required to show how the change of name has come about.
Any purchaser’s conveyancing practitioner should examine the land registry details and need evidence to establish the name change for example marriage certificates.