Me and my fiance are planning to purchase a 2 bedroom flat in Fetcham with a mortgage. We have a Fetcham lawyer, however the lender advise he's not on their "panel". It appears that we have little choice but to instruct one of the mortgage company panel solicitors or keep our Fetcham conveyancing practitioner and pay for one of their panel lawyers to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. Your mortgage offer 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 Fetcham conveyancing solicitor to apply to be on the conveyancing panel.
Is there a reason why leasehold purchase conveyancing in Fetcham is more expensive?
The conveyancing charges on a leasehold premises in Fetcham is inevitably greater when contrasted to a freehold residence. This is because there is an amount of additional investigations necessary in corresponding with the freeholder and managing agents to collate the information about whether the rent and maintenance charges have been discharged and whether there are any major works due in the foreseeable future on repairs or maintenance of the block.
How does conveyancing in Fetcham differ for newly converted properties?
Most buyers of new build premises in Fetcham contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is completed. This is because builders in Fetcham tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Fetcham or who has acted in the same development.
How easy is it to switch solicitor as I need to find a firm on the Barnsley Building Society conveyancing panel. I had appointed a high street conveyancing solicitor in Fetcham round the corner but he is not accepted by Barnsley Building Society
We will our best to assist in finding you a conveyancing solicitor in Fetcham on the Barnsley Building Society panel. Please note that the property lawyers that we work with do not pay us commission if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Fetcham. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Fetcham.
Can you offer any advice when it comes to choosing a Fetcham conveyancing practice to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Fetcham conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you speak with two or three firms including non Fetcham conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
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How experienced is the practice with lease extension legislation? What volume of lease extensions has the firm completed in Fetcham in the last 12 months?
Fetcham Leasehold Conveyancing - A selection of Queries before Purchasing
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How many of the leaseholders are in arrears for their maintenance charge payments? Who are the managing agents? How much is the ground rent and service charge?
My wife and I are first time buyers just having agreed a price on a property in Fetcham, and are about to get solicitors lined up. I have used the numerous rating based websites and the results are from all across the the UK. Is it essential to have a Fetcham solicitor local to your potential house? I am content to do everything over the internet, but I am thinking at some stage we will need to physically go into the conveyancer's office to sign documents?
There is no need to attend the office of your lawyer, they can send any relevant documents to you, which you can sign and return. Many home movers nevertheless opt to use a locally based solicitor, but it's by no means a prerequisite for conveyancing in Fetcham.