Can the conveyancing solicitors listed on your site handle conveyancing in Datchet by way of an attended exchange?
We do have a number of conveyancing experts carrying out 24hr exchanges. Do contact us to receive a fee calculation and details as to dates.
What does my ID and proof of funds have anything to do with my conveyancing in Datchet? What am I being asked for?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the ID of the potential client they are dealing with prior to agreeing to accepting their conveyancing business. The Client Care letter that you need to sign should stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Should you refuse to supply ID verification documents, your conveyancer would not be able to act for you.
My husband and I are hoping to buy a purpose built apartment in Datchet with a homeloan from Skipton Building Society.We like our Datchet conveyancing practitioner but Skipton Building Society informed us she’s not listed on their approved list of member firms. It seems we have little choice but to instruct a Skipton Building Society panel lawyer or keep our local solicitor and fork out for a Skipton Building Society panel lawyer to act for them. This seems very unfair; is there anything we can do?
No, not really. The home loan issued to you contains various provisions, a common one being that conveyancers will be on the Skipton Building Society conveyancing panel. Until recently, most mortgage companies had large numbers of law firms 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 solicitors to apply to be on the conveyancing panel for Skipton Building Society
I am looking for a flat up to £235,500 and identified one round the corner in Datchet I like with a park and transport links nearby, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Datchet suitable, so just wondered if I would be making a mistake buying a short lease?
If you need a home loan the shortness of the lease will be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
Should I be suspicious that 3rd parties that I am dealing with are encouraging me to use a nationwide conveyancing firm as opposed to a High Street Datchet conveyancing practice?
As is the case with many professional services, often suggestions from relatives can be worth their weight in gold. But there are many parties with a vested interest in a conveyancing matter; estate agents, financial adviser and banks may recommend solicitors to select. Sometimes these solicitors might be known to one of the organisations as experts in their field, but occasionally there might be a financial incentive behind the recommendation. You have the discretion to select your own lawyer. However, bear in mind that many lenders operate an approved list of solicitors you are obliged to use for the lender aspect of your conveyancing.
My wife and I are acquiring a first floor flat in Datchet. At the point of instructing our solicitor, they said that they were on all mainstream bank panels. The mortgage broker contacted us yesterday to say that they are not on the Nottingham approved list. Were it to be true, what should we do? Do we simply pick a new lawyer that is on their panel or do we cover the costs for separate representation, with Nottingham selecting their own approved solicitor.
When buying a property with the benefit of a mortgage it is normal for the buyer’s solicitors to also act for the mortgage company. In order to act for a bank or building society a property lawyer has to be on that lender's list of approved lawyers. An application has to be made by the conveyancer to the lender to become a member of the lender's panel and there are increasingly strict criteria which the conveyancing practitioner has to satisfy. Some lenders now insist their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your conveyancing practitioner should contact Nottingham to discover 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 Nottingham's conveyancing panel as you are at liberty to use your preferred Datchet lawyers, in which case it will likely add costs, and it may delay matters as you have another set of people involved.