We are purchasing a 2 bedroom apartment in Ampthill with a mortgage. We like our Ampthill lawyer, but the bank says she’s not on their "panel". It seems we have no choice but to instruct one of the mortgage company panel firms or keep our Ampthill property lawyer as well as pay for one of their panel lawyers to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. 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. A further alternative is for your Ampthill conveyancing lawyer to apply to be on the conveyancing panel.
We had selected conveyancing lawyers with offices in Ampthill on the Principality solicitor approved list. They have just invoiced me a supplemental amount for dealing with the Principality mortgage. Is this a supplemental conveyancing fee specified by Principality?
Provided it is contained in their Terms and Conditions or Quote then yes your lawyer may charge a fee for this. The charge is not set by Principality but by your Ampthill conveyancer. Some firms on the Principality panel will quote ’dealing with mortgage’ fee and others do not.
I can not work out if my mortgage offer requires a lease extension. I have called my Ampthill bank branch on various occasions and was told they are content with the situation and they will lend. My Ampthill conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they refuse to lend in accordance with their specific requirements. I simply don't know who is right.
As long as the property lawyer is on the lender panel, they must adhere to the CML Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I am due to exchange contracts on my house. I had a double glazing fitted in March 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Principality are being pedantic. The Ampthill solicitor who is on the Principality conveyancing panel is saying indemnity insurance will be fine but Principality are requiring a building regulation certificate. Why do Principality have a conveyancing panel if they don't accept advice from them?
It is probably the case that Principality have referred the matter to their valuer. The reason why Principality may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I am selling our home in Ampthill and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. A local lawyer would know that there is no such problem. For the life of me I don't know why the buyers used an internet conveyancing firm rather than a conveyancing solicitor in Ampthill. Having lived in Ampthill for 5 years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek clarification need.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I decided to have a survey carried out on a property in Ampthill ahead of appointing solicitors. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies tend not issue a mortgage on such a property.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Ampthill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ampthill to see if the conveyancing will be more expensive.
Given that I will soon spend hundreds of thousands of pounds on a terraced house in Ampthill I would like to talk to a conveyancer about myconveyancing ahead of instructing the firm. Is this something that you can arrange?
Absolutely - we would be delighted to talk to you we do not take any clients on without you liaising with the lawyer due to be carrying out your conveyancing in Ampthill.There is no ‘factory style conveyancing’ - each client is an important person, not a matter reference. The solicitors that we put you in touch with believe that the figure you are provided with for your conveyancing in Ampthill should be the figure that you end up paying.
My husband and I are FTB’s - had an offer accepted, yet the estate agent has warned us that the vendor will only issue a contract if we instruct their chosen conveyancers as they need a ‘quick sale’. My instinct tells me that we should use a family conveyancer accustomed to conveyancing in Ampthill
We suspect that the seller is not behind this request. Should the vendor desire ‘a quick sale', alienating a motivated purchaser is not the way to achieve this. Speak to the owners direct and explain that (a)you are genuine purchasers (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you intend to appoint your preferred Ampthill conveyancing firm - not the ones that will earn the negotiator at the agency a referral fee or achieve conveyancing targets demanded by HQ.