My husband and I are intent on acquiring a leasehold flat in Corbridge. My Solicitor has never been on on the lender solicitor list. Am I still permitted to appoint my Corbridge conveyancing solicitor even though they are not on the mortgage company panel of approved conveyancing solicitors?
You have a number of options open to you here
- Proceed with your preferred Corbridge solicitor but your lender will no doubt instruct a solicitor from their approved list. The net result is additional cost together with likely frustration.
- Appoint a new conveyancer to conduct the conveyancing, obviously checking they are on the bank conveyancing panel.
- Convince your lawyer to do everything within their powers to get listed on the lender’s panel of solicitors
I am in a contract race with another prospective purchaser for a property in Corbridge. What can I do to expedite matters?
First, If the seller is applying time constraints to complete it is highly recommended that your lawyer is familiar with the area as they will benefit local contacts and know-how. It is even conceivable that they may have handled otherhomes in the same street. You would be best advised to use a Corbridge conveyancing firm. Second, double check that the lawyer is on the on the approved list for your mortgage company. It is believed that 18% of Corbridge conveyancing deals are suspended or jeopardised after finding out that a buyer’s conveyancer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the transaction being frustrated by an average of three weeks. It is said that this issue impacts approximately one hundred thousand home sales every year. Most Corbridge conveyancing practices can not act for certain mortgage companies so do check as early as possible.
My wife and I are downsizing from our property in Corbridge and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any local conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed a factory type conveyancing outfit rather than a conveyancing solicitor in Corbridge. Having lived in Corbridge for three years we know that this is a non issue. Do we contact our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You need to 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 life insurance to cover that same sickness)
I used Wolstenholmes several years past for my conveyancing in Corbridge. I now require my papers but cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Corbridge of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the guidance of my in-laws I had a survey completed on a house in Corbridge ahead of appointing solicitors. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some lenders will not issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. Santander has different requirements from Halifax. Should you wish to call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Corbridge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Corbridge to see if the conveyancing will be more expensive.
My property lawyer in Corbridge has informed me that he requires ID documents asserting that this is part of his obligations as a solicitor on the bank Conveyancing panel. Can this be correct?
Anti-terror and anti-money-laundering rules require Corbridge conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the mortgage company also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the lender's UK Finance Lenders’ Handbook requirements