My wife and I are hoping to buy a home in Dunvant and are in fact using a Dunvant 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. Bank of Scotland have this morning contacted us to inform me that they have now hit a problem as our Dunvant conveyancer is not on their conveyancing panel. Is this a problem?
When purchasing a property with the benefit of a mortgage it is conventional 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 Accreditation Scheme. Your property lawyer should contact your mortgage company 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 bank's conveyancing panel as you are at liberty to use your preferred Dunvant lawyers, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
IfI was to buy a straightforward propertyin Dunvant mortgage fee and have no survey and no local authority searches how much should I expect to have to pay for conveyancing in Dunvant?
Any savings you would make would be isolated to the disbursement for searches. The property lawyer is required to do the vast majority of work - money laundering, liaising with your sellers conveyancer, stamp duty submission, register the property etc. You might save a bit for them not having to register a mortgage however it will not be meaningful.
Are the Dunvant conveyancing solicitors identified as being on the Bank of Ireland conveyancing panel, together with their details provided by Bank of Ireland?
Dunvant conveyancing firms themselves provide us confirmation that they are on the Bank of Ireland conveyancing panel as opposed to being supplied with a list from Bank of Ireland directly.
Me and my brother have a renovated Victorian property in Dunvant. Conveyancing solicitor represented me and Santander. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the matching property. I'd like to know for sure, how can I find out??
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Dunvant and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing practitioner who completed the work.
I'm remortgaging my primary home to a BTL mortgage with Skipton Building Society and I will use the ballance of the raised equity towards further property. The area we are looking at is Dunvant. Will your lawyers be able to act for both sets of banks and tie in the two deals?
Make use of our search tool on this page to be sure that the solicitors are approved by both mortgage companies. On the basis that they are your conveyancer should be able to tie up the two deals but you should have a chat with you lawyer and communicate your desired outcome and requirements.
Why can't I complete our conveyancing in Dunvant on a public holiday?
This is due to the fact that on completion the purchase price will pass between the banks of the buyer and seller's solicitor and at present this can only take place on a business day. So you can't complete on a weekend either.