My wife and I are buying a 2 bedroom flat in Finchampstead with a mortgage. We like our Finchampstead solicitor, however the lender advise she’s not on their "panel". It seems we have no option but to select one of the lender panel solicitors or retain our Finchampstead conveyancer as well as pay for one of their panel firms to act for them. This seems very unfair; are we not able to demand that the bank use our Finchampstead property lawyer ?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’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 Finchampstead conveyancing solicitor to apply to be on the conveyancing panel.
The Finchampstead conveyancing solicitors that I appointed last week on my house acquisition in Finchampstead have suddenly shut down. I only went with them because I had to have a solicitor on the Yorkshire BS conveyancing panel and my family Finchampstead lawyer was not. I gave my credit card details for them to take £195 for searches. What are my options?
If you have an estate agent involved then let them know immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Yorkshire BS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
A friend advised me that where I am purchasing in Finchampstead I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Finchampstead conveyancing searches. It is a large document of about 40 pages, listing and detailing significant information about Finchampstead around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Finchampstead Education with maps and statistics, Local Amenities and other useful information concerning Finchampstead.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Finchampstead is where the house is located. Is there any advice you can impart?
Flying freeholds in Finchampstead are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Finchampstead you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Finchampstead may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How difficult is it to swap solicitor as I need to appoint a firm on the Skipton Building Society conveyancing list. I was using a family conveyancing solicitor in Finchampstead five minutes from me but he is not approved by Skipton Building Society
We will our best to assist in finding you a conveyancing solicitor in Finchampstead on the Skipton Building Society panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Finchampstead. In making use of search facility on this site, you can compare costs for conveyancing solicitors in Finchampstead and throughout England and Wales.
I need to find a conveyancing solicitor for purchase conveyancing in Finchampstead. I've chance upon a web site which appears to be the perfect offering If there is a chance to get all this stuff completed via web that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?