I am mortgaging my home in Ashford Kent, does my lawyer need to be on the Virgin Money Solicitor panel?
There is nothing to stop you using your solicitor, but Virgin Money will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Are there restrictive covenants that are commonly picked up during conveyancing in Ashford Kent?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Ashford Kent. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Ashford Kent differ for new build properties?
Most buyers of new build property in Ashford Kent contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Ashford Kent usually purchase the site, 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 accustomed to new build conveyancing in Ashford Kent or who has acted in the same development.
How do I search for a Ashford Kent solicitor on the Norwich and Peterborough Building Society conveyancing panel? I have wheels and am willing to travel upto 10kilometers to meet the solicitor.
You can use the facility on this page. Please choose the bank and your location and you will see a number of Ashford Kent conveyancing lawyers locally. We have detailed some Ashford Kent conveyancing firms towards the end of this page and you can ring them to see if they are on the Norwich and Peterborough Building Society panel
We're new on the property ladder - had an offer accepted, yet the estate agent advised that the seller will only proceed if we appoint their recommended lawyers as they need a ‘quick sale’. We would rather use a local solicitor used to conveyancing in Ashford Kent
It is highly unlikely the sellers are behind this. Should the owner desire ‘a quick sale', turning down a genuine buyer is likely to cause more damage than good. Try to communicate with the owners directly and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you will continue to use your own,trusted Ashford Kent conveyancing lawyers - rather thanthe ones that will earn the negotiator at the agency a introducer fee or meet his conveyancing targets set by corporate headquarters.
My step-son is about to join the property ladder, he had his mortgage in principle. After the offer was accepted on flat we contacted the lender to progress the mortgage application. I was shocked to learn that banks do not accept all lawyer, they have to be on a list, is this legal?
Mortgage Companies ordinarily restrict either the type or the number of conveyancing firms on their panel. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Ashford Kent solicitor on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.