I am purchasing a ground floor flat in Tamworth. My Solicitor is not on the mortgage company solicitor list. Am I still permitted to use my Tamworth conveyancing solicitor even though they are not on the mortgage company approved list?
You will need to use a conveyancer to deal with the formalities if you require a mortgage to purchase your home. They will carry out all the relevant legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the required mortgage documentation is dealt with. You can select a Tamworth solicitor of your choice. However, where the conveyancing practitioner selected is not a member of the mortgage company solicitor panel further charges will be incurred as separate legal representation will be need by the lender. Conveyancing panel applications may be submitted, so if your lawyer has not in the past applied for membership they can do so.
Do the Building Society Association intend to launch a search tool with a view to list practices on the Melton Mowbray Building Society conveyancing panel for instance in Tamworth?
Lexsure has not been advised of any plans on the part of the BSA to promote such a tool.
When it comes to mortgage companies such as Lloyds, do Tamworth property lawyers face an annual charge to be on the list of approved solicitors?
We are unaware of any bank fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
Can you point me to a directory of Principality panel solicitors in Tamworth on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such facility on the CML or Building Society Association sites. Very few lending institutions make their panel listings available on the web. Where you are looking for a Tamworth conveyancer on the Principality please make the most of our facility.
I have paid off my mortgage with Bank of Ireland. I assume I don't need a Tamworth property lawyer on the Bank of Ireland panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Bank of Ireland mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Bank of Ireland mortgage from the register. Bank of Ireland, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Bank of Ireland has sent the Land Registry the discharge electronically, and
- Bank of Ireland has instructed the Land Registry to do so
Do commercial conveyancing searches reveal proposed roadworks that may affect a commercial premises in Tamworth?
Its becoming the norm that commercial conveyancing solicitors in Tamworth will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Tamworth. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Tamworth.
For each commercial conveyancing transaction in Tamworth it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Tamworth commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Tamworth.
Is it best to go with a Tamworth conveyancing solicitor based in the vicinity that I am purchasing? I have an old university friend who can handle the legal formalities but her office is 400miles away.
The benefit of a high street Tamworth conveyancing practice is that you can visit the firm to sign documents, deliver your identification documents and pester them if necessary. They will also have local knowledge which is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and they were happy that should trump using an unfamiliar Tamworth conveyancing solicitor solely due to them being local.