We are purchasing a 3 bedroom flat in Glossop with a mortgage. We like our Glossop solicitor, but the mortgage company advise he's not on their "panel". It appears that we have no option but to use one of the bank panel conveyancing practices or continue with our Glossop conveyancing practitioner as well as pay for one of their panel lawyers to represent them. This feels very unfair; is there anything we can do?
Unfortunately,no. The mortgage offered to you 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. Another option that might be available is for your Glossop conveyancing solicitor to apply to be on the conveyancing panel.
My god-son is purchasing a newly built flat in Glossop with a mortgage from Coventry BS. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Coventry BS conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Coventry BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Do the Building Society Association intend to launch a search tool with a view to to identify firms on the Earl Shilton BS conveyancing panel for example in Glossop?
We have not been informed any plans on the part of the BSA to develop such a register.
I have a 4 bedroom Victorian property in Glossop. Conveyancing solicitor acted for me and The Mortgage Works. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the matching property. Is it worth asking The Mortgage Works to clarify?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Glossop and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with the conveyancing lawyer who completed the work.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Glossop. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Glossop
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There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Am I better off to choose a Glossop conveyancing practitioner who is local to the property I am hoping to buy? An old friend can carry out the conveyancing but his firm is located over three hundred kilometers away.
The primary upside of using a local Glossop conveyancing firm is that you can drop in to execute documents, present your identification documents and pester them if necessary. They will also have local knowledge which is a bonus. However it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and in the main were happy that should surpass using an unfamiliar Glossop conveyancing lawyer solely due to them being round the corner.