I plan on buying residence in Cheslyn Hay. My lawyer is not on the mortgage company approved list. Can I still continue with my Cheslyn Hay conveyancing solicitor even though they are not on the lender list of approved lawyers?
Various options include
- Proceed with your chosen Cheslyn Hay solicitor but your bank will undoubtedly instruct a lawyer on their approved list. The net result is additional charges and likely delay.
- Appoint a fresh property lawyer to act in the purchase, making sure they are on the lender conveyancing panel.
- Convince your conveyancing practitioner to seek to join the lender panel
Do all mortgage companies provide you with an approved list of Cheslyn Hay conveyancing solicitors? How do you know who is on the Principality conveyancing panel?
Cheslyn Hay conveyancing firms themselves provide us confirmation that they are on the Principality conveyancing panel as opposed to being supplied with a list from Principality directly.
The Cheslyn Hay conveyancing solicitors that I recently instructed on my house acquisition in Cheslyn Hay have without warning shut down. I chose them because I needed a solicitor on the Co-operative conveyancing panel and my previous Cheslyn Hay lawyer was not. I issued them a cheque for two hundred pounds in advance. What do I do now?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Co-operative conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
We are close to exchanging contracts on the sale of our house in Cheslyn Hay and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A local conveyancer would know this is not the case. It does beg the question why the purchasers are using a factory type conveyancing firm as opposed to a conveyancing solicitor in Cheslyn Hay. We have lived in Cheslyn Hay for six years we know that this is a non issue. Do we get in touch with our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I decided to have a survey carried out on a property in Cheslyn Hay before appointing solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor advised that some lenders will refuse to grant a mortgage on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Cheslyn Hay. Conveyancing will be smoother if you use a solicitor in Cheslyn Hay especially if they regularly deal with such properties in Cheslyn Hay.
What can I expect to pay for conveyancing in Cheslyn Hay?
The total sum levied for Cheslyn Hay conveyancing fees are likely to be calculated at:
- a standard sum; or
- on a time spent basis (i.e. the time spent on the particular case).
These days very few Cheslyn Hay conveyancing firms charge on time basis