My wife and I are acquiring an apartment in Cheetham. My property lawyer is not listed on the lender approved panel. Can I still retain my Cheetham conveyancing solicitor notwithstanding that they are not on the lender approved list?
One must instruct a lawyer to complete the formalities if you take out a mortgage to buy your home. The conveyancer will conduct all the essential legal checks on the property, ensuring that you’re properly registered as the owner and ensure that all the necessary mortgage paperwork is dealt with. You can select a Cheetham conveyancer of your choosing. However, where the conveyancer selected is not on the mortgage company solicitor panel supplemental fees will be levied as separate legal representation will be need by the mortgage company. Lender panel applications may be submitted, so where your lawyer has not in the past applied for membership they should take the opportunity to apply.
We are about to exchange contracts for a ground floor flat in Cheetham. We have hit a stumbling block. The mortgage offer with Bank of Scotland runs out on 22/4/2025 but the sellers are suggesting a completion date of 24/4/2025. Can one prolong the mortgage offer?
The person best placed to address this issue is your lawyer who will determine if he or she is corresponding with the mortgage company, owner’s lawyers, selling agents or possibly all parties taking into account the history of your transaction as of today.
We note that you have a search directory identifying solicitors on the Virgin Money conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Cheetham?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Cheetham.
Do the Building Society Association intend to launch a search tool with a view to list law firms on the Coventry BS conveyancing panel for example in Cheetham?
We would not expect to be advised of any plans on the part of the BSA to promote such a register.
Me and my partner are buying a property in Cheetham. It might be a silly question but how we can trust a lawyer? At some point we will need to deposit money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
There are plenty of conveyancing solicitors in Cheetham but how do I know who's good?
We would encourage you not to go for the cheapest Cheetham conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
After much negotiation I have agreed a price on an apartment in Cheetham. My financial adviser pressured me to appoint their solicitor. I paid an on account payment of £175. Not long after, the solicitor called me to say that they were not on the Virgin Money conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Virgin Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
How does conveyancing in Cheetham differ for new build properties?
Most buyers of new build or newly converted property in Cheetham contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Cheetham tend to buy the land, 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 property lawyers 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 used to new build conveyancing in Cheetham or who has acted in the same development.