Me and my fiance are purchasing a 3 bedroom apartment in Custom House with a mortgage. We like our Custom House lawyer, but the lender advise she’s not on their "panel". We have to appoint one of the bank panel conveyancing practices or continue with our Custom House lawyer as well as pay for one of their panel lawyers to represent them. We feel that this is unjust; can we not insist that the mortgage company use our Custom House solicitor ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’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 Custom House conveyancing solicitor to apply to be on the conveyancing panel.
What does my ID and proof of funds have anything to do with my conveyancing in Custom House? Is this really warranted?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the ID of the person or body they are dealing with prior to agreeing to accepting their conveyancing instruction. The Client Care letter that you need to sign should reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you refuse to hand over ID verification documents, your lawyer can not take you on as a client.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Custom House is the location of the property. Can you shed any light on this issue?
Flying freeholds in Custom House are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Custom House you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Custom House may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Hoping to buy a property located in Custom House and I am already nervous. I couldn't find anything specific about Custom House. Conveyancing will be needed in due course but do you know about the Custom House area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Custom House. In the meantime here are some basic statistics that we found
I need to appoint a conveyancing solicitor for purchase conveyancing in Custom House. I've stumble across a web site which seems to have the perfect offering If it is possible to get all the legals done via web that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
We have been advised by many friends that it should take six to eight weeks for Custom House conveyancing to complete.This was four weeks ago. The property information was only received to my conveyancing practitioner a few days ago so now does it countdown?
You should not rely on moving on a set date until exchange of contracts occurs. Whatever assurances the people you are buying from or selling to make, or your mortgage broker gives don't count on them. More frustration is caused to buyers and sellers by unfulfilled promises than any other factor when it comes to conveyancing in Custom House.