My partner and I are looking to acquire a property in Cullompton and are in fact using a Cullompton conveyancing practice. Within the last couple of days our solicitor has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Clydesdale have this morning contacted us to advise us that they have now hit a problem as our Cullompton lawyer is not on their approved list of lawyers. Is this a problem?
If you are buying a property requiring a mortgage it is normal for the purchasers' lawyers to also represent 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 solicitor should contact your lender 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 are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own Cullompton solicitors, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
I have given 2 months notice to my existing landlord and must vacate my rented flat in Cullompton by the end of next month. Conveyancing for my house purchase is underway. How realistic is it to complete in 5 weeks as I wish to avoid having to move into temporary accommodation?
Generally one should not provide notice on a rental unless you have exchanged. Assuming that you have not already done so, notify to your solicitor and request that they seek the assistance the other side, try to get a realistic time scale from them that everyone will work to achieve
Completed the sale of my flat in Cullompton last December but our buyer keeps telephoning me complaining that their solicitor needs to hear from mylawyer. What should have happened now that I have sold?
After completion of your sale your solicitor should forward the transfer documentation and all of the paperwork to the purchaser's conveyancer. Depending on the transaction, your lawyer should also evidence that the mortgage has been discharged to the buyers conveyancers. There is unlikely to be post completion formalities unique to conveyancing in Cullompton.
we are a couple who wish to acquire a newly converted apartment in Cullompton with a residential mortgage from Santander.We like our Cullompton conveyancing practitioner but Santander says her practice is not on their "panel". We have to appoint a Santander panel lawyer or retain our preferred solicitor and fork out for one of their panel ones to act for them. This seems very unfair; Can we not simply insist that Santander use our lawyer?
Unfortunately,no. The loan issued to you contains various provisions, one of which will be that conveyancers must be on the Santander approved list. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find 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 lawyer to apply to be on the conveyancing panel for Santander
About to purchase a new build apartment in Cullompton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Cullompton
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
Is it true that a Cullompton conveyancing practice has court proceedings brought against them by clients for failing to conduct the appropriate conveyancing investigations?
Our attention has not be brought to such a Cullompton conveyancing matter but it has been reported that, clients purchasing a house elsewhere in England successfully sued their conveyancing practitioner due to development plans to erect a wind farm failing to be identified in conveyancing searches.
If you are thinking of buying a home in Cullompton It is important that your lawyer carry out all Cullompton conveyancing searches necessary making sure that you have accurate and up to date information ahead of buying a property.