We are intending to acquire a 3 bedroom apartment in Faringdon with a mortgage. We have a Faringdon solicitor, however the mortgage company says he's not on their "panel". We have to appoint one of the bank panel firms or keep our Faringdon lawyer and pay for one of their panel ones to act for them. This feels very unfair; are we not able to require that the lender use our Faringdon conveyancer ?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose 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. A further alternative is for your Faringdon conveyancing solicitor to apply to be on the conveyancing panel.
My husband and I are acquiring a newly built apartment in Faringdon and my solicitor is advising me that she is duty bound to the mortgage company to reveal incentives from the seller. I am on a tight deadline to sign contracts and I don't want to prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I need some fast conveyancing in Faringdon as I am faced with a deadline to exchange contracts inside one month. A home loan is not required. Is it possible to avoid the conveyancing searches to save money and time?
As you are are a cash purchaser you have the choice not to do searches although no conveyancer would suggest that you don't. With plenty of history conveyancing in Faringdon the following are examples of what can appear and therefore affect future saleability: Enforcement Actions, Outstanding Fees, Overdue Grants, Unadopted Roads,...
I used Wolstenholmes a few years past for my conveyancing in Faringdon. I now require my file but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Faringdon of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
As co-executor for the estate of my aunt I am disposing of a residence in Neath but reside in Faringdon. My conveyancer (based 200 kilometers from merequires that I execute a statutory declaration before completion. Can you recommend a conveyancing practitioner in Faringdon to attest and place their company stamp on the document?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are based in Faringdon
As a leasehold owner I am on the hook for a service charge for my appartment in Faringdon. Due to redundancy and personal issues I slipped into arrears with remittance. The management company agreed a payment plan but there is still around £1750 currently outstanding.
I am under pressure to sell and I am concerned this can threaten to derail the sale if I have to discharge the arrears now. I'd like to sell up and then discharge the debt from the proceeds - is this achievable?
The conveyancing practitioner conducting your Faringdon sale should be in a position to negotiate with the management company, and agree with them whether or not they would accept payment from sale proceeds. This is an example of why it might be good to appoint a conveyancing practitioner in Faringdon as they may well have an established relationship with the parties.