Me and my partner are acquiring an apartment in Birchington. My property lawyer is not on the bank solicitor panel. Is it possible for me to appoint my Birchington conveyancing solicitor notwithstanding that they are not on the lender panel of approved conveyancing solicitors?
You must use a conveyancer to deal with the formalities if you require a mortgage to buy your property. The conveyancing practitioner will carry out all the essential due diligence 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 Birchington lawyer of your choosing. Nevertheless, where the lawyer selected is not on the lender approved list further charges will be incurred as separate legal representation will be need by the bank. Conveyancing panel applications can be submitted, so provided your solicitor has not in the past sought membership they can do so.
Can the conveyancing practitioners to be found on your site carry out auction conveyancing in Birchington?
We know of a number of auction solicitors we can connect you with those specialising in auction conveyancing. Birchington is one of our locations in which our lawyers have offices.
It is is a decade since I purchased my property in Birchington. Conveyancing solicitors have just been instructed on the sale but I can't find the deeds. Will this jeopardise the sale?
You need not be too concerned. First the deeds may be with your mortgage company or they may be archived with the solicitor who handled your purchase. Secondly in most cases the property will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring current official copies of the land registers. Most conveyancing in Birchington involves registered property but in the unlikely event that your property is not registered it is more of a problem but is not insurmountable.
Do I need to be concerned that brokers that I am dealing with are recommending an internet conveyancing firm as opposed to a local Birchington conveyancing company?
As is the case with many professional services, often recommendations from relatives can be worth their weight in gold. Yet there are many players in a conveyancing deal; estate agents, mortgage brokers and banks may recommend lawyers to retain. Sometimes the lawyers might be known to one of the organisations as one of the best in their field, but sometimes there behind the scenes commercial relationship behind the endorsement. You have the right to appoint your preferred conveyancer. Don't forget that some lenders have an approved list of conveyancers you are obliged to use for the lender aspect of your transaction.
We're novice buyers - agreed a price, but the agent has warned us that the owners will only go ahead if we instruct their recommended solicitors as they are insisting on a ‘quick sale’. We would rather use a high street solicitor used to conveyancing in Birchington
It is highly unlikely the owners are behind this. Should the seller want ‘a quick sale', alienating a motivated buyer is likely to cause more damage than good. Contact the vendors directly and make sure they understand (a)you are motivated buyers (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)however you are going to instruct your preferred Birchington conveyancing solicitors - as opposed tothe ones that will earn their estate agent a kickback or achieve conveyancing targets pre-set by HQ.
When it comes to leasehold conveyancing in Birchington what are the most common lease defects?
There is nothing unique about leasehold conveyancing in Birchington. Most leases are unique and legal mistakes in the legal wording can result in certain clauses are erroneous. The following missing provisions could result in a defective lease:
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Maintenance charge proportions which don’t add up to the correct percentage A duty to insure the building
You may have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Santander, Bank of Scotland, and TSB all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the purchaser to pull out.
Leasehold Conveyancing in Birchington - A selection of Questions you should ask before Purchasing
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Does the lease have onerous restrictions? Generally speaking the cost for major works tend not to be included within maintenance charges, albeit that a few managing agents in Birchington require leaseholders to contribute towards a reserve fund and this is used to offset against major works.