My fiance and I are looking to purchase a flat in Dunvant and have instructed a Dunvant conveyancing practice. Within the last couple of days our solicitor has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Nottingham Building Society have this afternoon contacted us to inform me that there is now an issue as our Dunvant conveyancer is not on their conveyancing panel. Please explain?
If you are buying a property needing a mortgage it is standard for the purchasers' solicitors 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 Quality Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the bank's conveyancing panel and you may continue to use your own Dunvant solicitors, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
Do the conveyancing lawyers highlighted via your ’find a lawyer’ app perform right to buy conveyancing in Dunvant?
We do have a number of conveyancing solicitors carrying out right to buy transactions Do e-mail the lawyers listed with a view to obtain a costs illustration.
What will a local search reveal regarding the property we're purchasing in Dunvant?
Dunvant conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company for example Searchflow The local search plays an important part in most Dunvant conveyancing purchase; that is if you don’t want any nasty once you have moved into your new home. The search will provide data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
I opted to have a survey done on a property in Dunvant in advance of appointing conveyancers. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies tend refuse to issue a loan on such a home.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Dunvant. Conveyancing will be smoother if you use a solicitor in Dunvant especially if they are familiar with such properties in Dunvant.
Given that I will soon part with £400,000 on a garden flat in Dunvant I wish to talk to a solicitor regarding theconveyancing in advance of giving the go ahead to the firm. Is this something that you can arrange?
This is something that we recommend - it is our preference to talk to you we do not take any clients on without you first talking to the solicitor who will be conducting your property ownership legalities in Dunvant.There is no ‘factory style conveyancing’ - every client is an important person, not a file reference. The practices that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Dunvant should be the figure that you are charged.
We're FTB’s - had an offer accepted, but the selling agent told us that the vendor will only proceed if we use the agent's preferred lawyers as they need an ‘expedited deal’. We would rather use a high street conveyancer accustomed to conveyancing in Dunvant
It is highly unlikely the owners are driving this. Should the owner desire ‘a quick sale', taking such a hostile approach to a genuine buyer is is going to put the whole deal at risk. Bypass the agents and go straight to the owners and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you intend to use your preferred Dunvant conveyancing lawyers - rather thanthose that will give their estate agent a kickback or hit his conveyancing thresholds demanded by corporate headquarters.