My husband and I are planning to purchase a house in Chesterton and are in fact using a Chesterton conveyancing practice. Within the last couple of days our conveyancer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Birmingham Midshires have this evening contacted us to advise us that there is now an issue as our Chesterton solicitor is not on their conveyancing panel. What do we do from here?
Where you are buying a property needing a mortgage it is normal for the purchasers' solicitors to also act for the purchaser's lender. 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 property lawyer should contact your mortgage company 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 bank's conveyancing panel and you may continue to use your own Chesterton solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
My lender has recommended a law firm on their panel based in Chesterton but I would rather choose a conveyancing lawyer in Chesterton or nearer to where I live. Are you able to assist?
The minority of Chesterton conveyancing solicitors are listed all banks conveyancing panel. Please make the most of the above find an approved solicitor tool to locate a Chesterton conveyancing firm on the on the mortgage company panel.
I am helping my niece sell her property in Chesterton. Does the conveyancing solicitor commission the EPC or it is for the seller to see to?
Following the abolition of Home Packs, EPC’s was kept a mandatory part of selling a property. An EPC must be commissioned before the property is marketed. This is not as aspect of the sale process that solicitors ordinarily arrange. Where you are instructing a Chesterton conveyancing lawyer they may be willing to arrange energy performance certificates due to their relationships with long established Chesterton energy assessors
Forgive me if this question is silly but I am new to the house moving as FTB of a ground floor flat in Chesterton. Do I collect the keys to the house on the completion date from my conveyancer? If so, I will find a local conveyancing solicitor in Chesterton?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the owner’s lawyers, and shortly after the monies have arrived, you will be invited to pick up the keys from the Estate Agents and move into your new home. Usually this happens early afternoon.
Are all Chesterton Conveyancing Quality Solicitors on the Yorkshire BS conveyancing panel?
A selection of banks and building societies now utilise CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their panels.
A relative recommended that if I am buying in Chesterton I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Chesterton conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Chesterton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Chesterton Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful data about Chesterton.
I decided to have a survey done on a house in Chesterton prior to appointing conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some lenders may refuse to grant a loan on such a premises.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. Should you wish to call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Chesterton. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to switch lawyers as my Chesterton lawyer is not on the bank's approved list of conveyancing solicitors. Is it practical to instruct different lawyers?
If you haven't yet appointed a solicitor to do anything for you and at this stage simply received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Chesterton that you're considering.