My wife and I are buying a 2 bedroom apartment in Countesthorpe with a mortgage. We like our Countesthorpe conveyancer, however the lender advise he's not on their "panel". It appears that we have little choice but to select one of the bank panel firms or keep our Countesthorpe solicitor as well as pay for one of their panel firms to act for them. This feels very unfair; is there anything we can do?
Unfortunately,no. The mortgage offered to you 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 Countesthorpe conveyancing solicitor to apply to be on the conveyancing panel.
My brother and I have just bought a property in Countesthorpe. We have since encountered a number of problems with the house which we believe were overlooked in the conveyancing searches. What action can we take? Can you clarify the type of searches that needed to have been conducted as part of conveyancing in Countesthorpe?
It is not clear from the question as to the nature of the problems and if they are relate to conveyancing in Countesthorpe. Conveyancing searches and due diligence initiated during the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, a property owner answers a form known as a Seller’s Property Information Form. answers provided is incorrect, you could possibly take legal action against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Countesthorpe.
In what way does my ID and proof of funds have anything to do with my conveyancing in Countesthorpe? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in Countesthorpe. Nowadays you will not be able to complete any conveyancing transaction without first supplying proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a bank statement. Please note that if you are providing your driving licence as evidence of identification it needs to be both the paper part as well as the photo card part, one is not sufficient without the other.
Proof of your origin of money is required in accordance with the Money Laundering Regulations. Please do not be offended when you are asked to produce this as your lawyer must have this information on file. Your Countesthorpe conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they may also ask additional questions regarding the source of monies.
I purchased my apartment on 13 April and my personal details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Countesthorpe expressed confidence that it should be dealt with in less than a month. Are properties in Countesthorpe uniquely lengthy to register?
There is nothing unique about conveyancing in Countesthorpe registration formalities. Rather than based on location, timescales can vary depending on who lodges the application, whether there are errors and whether the Land registry must send notices to any third parties. Currently approximately three quarters of submission are completed within two weeks but occasionally there can be extensive hold-ups. Historically registration takes place once the new owner has moved in to the premises therefore an expedited registration is not usually an essential issue but if there is a degree of urgency associated with the registration then you or your lawyers can contact the land registry and explain the circumstances.
I'm remortgaging my current house to a buy to let mortgage with Virgin Money and intend to use the remaining equity towards a second property. The area we are talking about is Countesthorpe. Will your conveyancers be able to act for the two banks and link together the two deals?
Do use our search tool on this site to check that the conveyancers are approved by both mortgage companies. Having checked that they are your conveyancer should be able to simultaneously deal with the two conveyancing matters but you should talk with you conveyancer and specify your desired outcome and needs.
My brother has suggested that I use his lawyers for conveyancing in Countesthorpe. Should I find my own conveyancer?
No doubt the best way to select a conveyancing practitioner is to get referrals from friends or family who have actually experience in using the solicitor that you are are thinking of instructing.