My fiance and I are planning to purchase a home in Goodwick and are in fact using a Goodwick conveyancing practice. Within the past 48 hours our conveyancer has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. National Westminster Bank have this evening contacted us to advise us that there is now an issue as our Goodwick solicitor is not on their conveyancing panel. Is this a problem?
If you are buying a property needing a mortgage it is normal for the purchasers' lawyers to also act for the mortgage company. 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 Quality Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own Goodwick solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.
We see that you have a post code search directory listing firms on the Virgin Money conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Goodwick?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Goodwick.
My Conveyancer in Goodwick has never been on on the Nationwide Building Society Solicitor Panel. Is it possible for me to retain my family solicitor even though they are excluded from the Nationwide Building Society list of approved lawyers?
Your options are as follows:
- Carry on with your existing Goodwick solicitors but Nationwide Building Society will need to use a solicitor on their panel. This will inevitably rack up the total conveyancing fees as well as result in delays.
- Find an alternative solicitor to to deal with the conveyancing, not forgetting to check they are Nationwide Building Society approved.
- Try to convince your Nationwide Building Society based solicitor to seek to join the Nationwide Building Society panel
I have justfound out that Wolstenholmes have closed. They conducted my conveyancing in Goodwick for a purchase of a freehold house 10 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The easiest way to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Goodwick conveyancing specialists.
About to purchase a new build flat in Goodwick. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Goodwick
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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. Please supply a car parking plan.
As co-executor for the will of my grandfather I am selling a residence in Cardiff but reside in Goodwick. My solicitor (based 235 miles awayneeds me to sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing solicitor in Goodwick to witness and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are located in Goodwick