Me and my fiance are buying a 2 bedroom flat in Chipping Sodbury with a mortgage. We like our Chipping Sodbury conveyancer, however the lender advise she’s not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or retain our Chipping Sodbury property lawyer as well as pay for one of their panel lawyers to represent them. This seems very unfair; is there anything we can do?
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. Another option that might be available is for your Chipping Sodbury conveyancing solicitor to apply to be on the conveyancing panel.
Do banks and building societies provide you with an approved list of Chipping Sodbury conveyancing solicitors? How do you know who is on the Leeds Building Society conveyancing panel?
Chipping Sodbury conveyancing firms themselves provide us confirmation that they are on the Leeds Building Society conveyancing panel as opposed to being supplied with a list from Leeds Building Society directly.
I have been told that property searches are a common cause of obstruction in Chipping Sodbury conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays during the legal transfer of property. Searches are unlikely to be the root cause of delay in conveyancing in Chipping Sodbury.
How does conveyancing in Chipping Sodbury differ for new build properties?
Most buyers of new build property in Chipping Sodbury contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is built. This is because developers in Chipping Sodbury typically purchase 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 Chipping Sodbury or who has acted in the same development.
As co-executor for the estate of my aunt I am selling a property in Newport but I am based in Chipping Sodbury. My solicitor (approximately 235 miles awayneeds me to sign a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing lawyer in Chipping Sodbury to attest and place their company stamp on the document?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are based in Chipping Sodbury
Our sealed bid on house in Chipping Sodbury has been accepted, the owner does however have a connected purchase. The sellers have put an offer on on an apartment, although it’s not been accepted yet, and are looking at other apartments booked. I have selected a nearby conveyancing lawyer in Chipping Sodbury. What do I do now? At what point should I apply for the mortgage with Santander?
It is usual to have anxieties where there is an associated chain given your reluctance to incur costs prematurely (mortgage application is approx one thousand pounds, then valuation, Chipping Sodbury conveyancing search charges, etc). First, you should ensure that your conveyancer is on the Santander conveyancing panel. Concerning the subsequent phase this very much dictated by the uniqueness of your case, desire for the property and on the state of the market. In a buoyant market some purchasers would apply for a home loan with Santander and pay for the survey and only if it comes back ok would they pay their property lawyer to move forward with searches.