My husband and I are purchasing a 2 bedroom apartment in Bodfari with a mortgage. We like our Bodfari lawyer, but the mortgage company advise he's not on their "panel". We have to appoint one of the lender panel conveyancing practices or retain our Bodfari property lawyer as well as pay for one of their panel lawyers to act for them. We regard this is unjust; are we not able to demand that the bank use our Bodfari solicitor ?
No, not really. 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 Bodfari conveyancing lawyer to apply to be on the conveyancing panel.
I need some expedited conveyancing in Bodfari as I have pressure to sign on the dotted line in less than one month. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
As you are not obtaining a home loan you are at free not to have searches carried out although no law firm would recommend that you don't. With lots of history conveyancing in Bodfari the following are examples of what can arise and adversely impact market value: Refused Planning Applications, Outstanding Fees, Overdue Grants, Road Schemes,...
Just bought a detached house in Bodfari , What is the estimated time for the Land Registry to record my proprietorship? My Bodfari conveyancing solicitor has been painfully slow, so I want to be certain that my name is recorded.
As far as conveyancing in Bodfari is concerned, registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can adjust according to the party submitting the application, whether there are errors and if the Land registry must send notices to any third parties. At present in the region of three quarters of submission are fully addressed within two weeks but some can be subject to extensive delays. Registration is effected once the new owner has moved in to the premises thus an expedited registration is not usually an essential issue but if there is a degree of urgency associated with the registration then you or your conveyancer can communicate with the Registry to express the reasoning for the application to be prioritised.
Due to the encouragement of my in-laws I had a survey completed on a house in Bodfari prior to retaining conveyancers. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some banks may not give a loan on a flying freehold property.
It varies from the lender to lender. Lloyds has different instructions from Halifax. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bodfari. Conveyancing will be smoother if you use a solicitor in Bodfari especially if they are familiar with such properties in Bodfari.
How straightforward is it to use the search tool to select a conveyancing practitioner in Bodfari on the panel for my bank?
First pick a lender such as Halifax, Chelsea Building Society or Godiva Mortgages Ltd then specify your location a common one being Bodfari. Conveyancing practices in Bodfari and beyond will then be shown.
I have instructed a Bodfari conveyancing solicitor for our home move (novice purchasers) and have noticed in the engagement letter that they are not covered by the Financial Conduct Authority. Am I right to be concerned or is that the norm with solicitor?
We can't see why they should be. Most conveyancer don't lend money. They will be regulated by the SRA, who have strict conditions covering amounts deposited on client account.