I plan on buying a maisonette in Ettington. My property lawyer is not on the lender conveyancing list. Can I still retain my Ettington conveyancing solicitor notwithstanding that they are excluded from the lender approved list?
You have a number of choices available to you here
- Carry on with your chosen Ettington conveyancing practitioner but your mortgage company will no doubt use a lawyer from their approved list. The net result is additional fees and potential frustration.
- Appoint a fresh conveyancer to act in the purchase, ensuring that they are on the bank conveyancing panel.
- Convince your property lawyer to apply to join the mortgage company panel
What happens if my lawyer’s firm is expelled from the Aldermore Conveyancing panel ahead of completing my conveyancing in Ettington?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
My lawyer has informed me that chancel insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Ettington?
The appropriate level of chancel indemnity insurance depends on who your lender is. It would differ for example between Yorkshire Building Society and Barnsley Building Society. Conveyancing practitioners as opposed to members of the public take out such policies.
Is it the case that all Ettington solicitor practices on the Bank of Ireland conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Bank of Ireland approved list of solicitors they would need to be regulated by the SRA. The majority of lenders do list licenced conveyancers on their panel in which case such practice would be regulated by the Council of Licensed Conveyancers.
I have today made my last payment due on my mortgage with Leeds Building Society. I assume I don't need a Ettington conveyancer on the Leeds Building Society panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
Is it necessary to take out insurance to address the risk of chancel repairs when purchasing a residence in Ettington?
Unless a previous acquisition of the house took place post 12 October 2013 you may take it that lawyers handling conveyancing in Ettington to continue to suggest a chancel search and or chancel repair liability insurance.
Are there restrictive covenants that are commonly picked up during conveyancing in Ettington?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Ettington. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I was recommended by a number of selling agents in Ettington to choose a solicitor on your site. Is there a financial upside for Estate Agents to recommend your site over and above another?
We don’t make any financial incentive for sending work to this site. We thought it would be too underhand a fee as home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.