My partner and I are hoping to buy a house in Aldersbrook and have appointed a Aldersbrook conveyancing firm. Within the past 48 hours our conveyancer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Godiva Mortgages Ltd have this evening contacted us to advise us that there is now an issue as our Aldersbrook conveyancer is not on their conveyancing panel. Is this a problem?
Where you are buying a property needing a mortgage it is normal for the purchasers' solicitors to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the bank's conveyancing panel as you are at liberty to use your preferred Aldersbrook lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.
Can conveyancing in Aldersbrook to be finalised inside 28 days?
Where you are under a tight deadline for your conveyancing it is highly recommended that your solicitor is familiar with the location as they will have local connections and insight. It is possible that they may have handled previoushomes in the same road. Therefore consider using a Aldersbrook conveyancing solicitor. Second, ensure that the lawyer is on the lender panel. It is claimed that 18% of Aldersbrook conveyancing transactions are delayed or jeopardised after discovering a buyer’s solicitor was not on their banks panel. In many cases this discovery resulted in the legal transfer of property being delayed by almost 21 days. It is claimed that this issue affects in the region of one hundred thousand home moves annually. Most Aldersbrook conveyancing practices can not represent certain banks so do check at the outset.
We are selling our house in Aldersbrook. Will my solicitor have to be on the RBS conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the RBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.
I own a renovated Georgian property in Aldersbrook. Conveyancing practitioner acted for me and Clydesdale. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold under the matching address. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Aldersbrook and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing solicitor who conducted the purchase.
I am downsizing from my property. My previous conveyancers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Aldersbrook if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Aldersbrook. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
Am I best advised to choose a Aldersbrook conveyancing lawyer based in the vicinity that I am buying? An old friend can perform the conveyancing but her office is 300miles drive away.
The primary upside of using a high street Aldersbrook conveyancing firm is that you can pop in to sign paperwork, deliver your ID and apply pressure on them where appropriate. They will also have local knowledge which is a plus. However it's more important to get someone that will pull out all the stops for you. If you know people who used your friend and on the whole were content that should surpass using an unknown Aldersbrook conveyancing lawyer just because they are Aldersbrook based.