My husband and I are hoping to buy a home in Axbridge and have instructed a Axbridge conveyancing firm. Within the last couple of days our lawyer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Lloyds TSB Bank have this afternoon contacted us to inform me that they have now hit a problem as our Axbridge conveyancer is not on their approved list of lawyers. Please explain?
If you are buying a property needing a mortgage it is usual for the purchasers' lawyers to also act for 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 Quality Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Axbridge lawyers, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
Can the conveyancing solicitors that you recommend conduct auction conveyancing in Axbridge?
There are a few auction practitioners we can put you in touch with those specialising in auction conveyancing. Axbridge is one of hundreds of areas of where our lawyers are based.
What is the optimum way to find out if the solicitor handling my conveyancing in Axbridge is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Yorkshire Building Society thus paying £192.00 in another set of legal charges.
You should take advantage of the find a conveyancing panel solicitor tool on this site. Pick the lender and type ‘Axbridge’ or your preferred area and you will discover a number of lawyer based in Axbridge or near you.
Due to the encouragement of my in-laws I had a survey completed on a house in Axbridge ahead of appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies may refuse to grant a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. If you call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Axbridge. Conveyancing will be smoother if you use a solicitor in Axbridge especially if they regularly deal with such properties in Axbridge.
Is it possible to switch firm as I need to instruct one who is on the Britannia conveyancing panel. I hired a high street conveyancing solicitor in Axbridge round the corner but the firm is not accepted by Britannia
It would be our pleasure to help you select a conveyancing solicitor in Axbridge on the Britannia panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Axbridge. Using search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Axbridge.
My father has suggested that I use his lawyers for conveyancing in Axbridge. Do I follow his guidance?
Much as we are happy to recommend a Axbridge conveyancing lawyer it’s preferable to choose a conveyancing solicitor is to seek referrals from friends or family who have previously instructed the conveyancer you're are thinking of instructing.