My fiance and I are planning to purchase a flat in Fowey and are in fact using a Fowey conveyancing firm. Within the past 48 hours our conveyancer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Accord Mortgages Ltd have this afternoon contacted us to inform me that they have now hit a problem as our Fowey lawyer is not on their approved list of lawyers. Please explain?
When purchasing a property with mortgage finance it is usual 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 bank 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 don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Fowey lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
We were just about to sign contracts for a freehold house in Fowey. We encountered a snag. The loan offer with Coventry Building Society runs out on 16/2/2026 but the vendors are suggesting a completion date of 18/2/2026. Can one prolong the mortgage offer?
The person best placed to deal with your issue is your lawyer who is in a position to calculate if they corresponding with the mortgage company, vendor’s lawyers, estate agents or conceivably all three based on the circumstances your conveyancing to date.
It is a dozen years since I acquired my house in Fowey. Conveyancing solicitors have recently been retained on the sale but I can't locate the title deeds. Will this cause complications?
You need not be too concerned. First the deeds may be with the lender or they may still be with the conveyancers who acted in your purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors acquiring current official copies of the land registers. Nearly all conveyancing in Fowey relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
I have been referred to a conveyancing solicitor in Fowey. I I would like to check if they are on the Lloyds TSB Bank approved list of lawyers. Can you advise?
The first thing to do is e-mail the solicitor and enquire if they can act for the bank. Alternatively you should get in touch with Lloyds TSB Bank who may be able to help.
How can we know in advance if a Fowey conveyancing solicitor on the Kent Reliance panel is any good?
When it comes to conveyancing in Fowey obtaining recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor handling your transaction.
My partner and I are spending time looking at flats in Fowey and I am now considering a potential offer. Should I already have a solicitor in place at this stage? I intend to finance via a home loan with Clydesdale.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are seeking a mortgage with Clydesdale, make sure you remember to check that your lawyer is on the Clydesdale conveyancing panel.
I was told three weeks ago that my mortgage has been agreed to by Nationwide. Is it usual for Nationwide to only issue the offer once my solicitor in Fowey is approved on their conveyancing panel? Nationwide have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am a sole trader wishing to lease a unit on the high street. Can you recommend solicitors offering fixed costs for non-domestic conveyancing in Fowey for below 1500k?
We can recommend firms who have specialist knowledge of commercial conveyancing in Fowey, including the sale and purchase of businesses as well as simply property. Whether you are hoping to acquire or dispose of a shop, pub, restaurant, office, retail premises or a complete business we will find you the right solicitor. As for the costs this will depend on the structure and heads of terms of the proposed transaction. Let us have your details or call us so that we may supply you with comprehensive commercial conveyancing quote.