My partner and I are looking to purchase a house in Danbury and have instructed a Danbury conveyancing firm. Within the past 48 hours our solicitor has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Chelsea Building Society have this afternoon contacted us to advise us that there is now an issue as our Danbury lawyer is not on their approved list of lawyers. What do we do from here?
When purchasing a property with mortgage finance it is normal for the purchasers' lawyers to also act for 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 Accreditation Scheme. Your property lawyer 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 don't have to instruct a firm on the bank's conveyancing panel and you may continue to use your own Danbury solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
We are purchasing a property and require a conveyancing solicitor in Danbury who is on the Coventry BS solicitor panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Coventry BS . We don't recommend any particular firms conducting conveyancing in Danbury.
I am purchasing a house and need a conveyancing solicitor in Danbury who is on the Britannia conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Britannia in certain locations such as Danbury. We dont recommend any particular firm.
Due to the encouragement of my in-laws I had a survey completed on a property in Danbury before appointing lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some banks tend refuse to give a loan on a flying freehold premises.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. Should you wish to call us we can check with 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 Danbury. Conveyancing will be smoother if you use a solicitor in Danbury especially if they are familiar with such properties in Danbury.
My partner has suggested that I instruct his lawyers for conveyancing in Danbury. Should I use them?
There are no two ways about it it’s preferable to choose a conveyancing practitioner is to have recommendations from friends or family who have previously instructed the conveyancer you're considering.
My lawyers in Danbury have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with the mortgage company. Is it case that being on the lender conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the bank Conveyancing Panel Terms. It might be worth you contacting the lender directly.