My partner and I are hoping to purchase a property in Grange Park and are in fact using a Grange Park conveyancing firm. 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. Yorkshire Building Society have this morning contacted us to inform me that there is now an issue as our Grange Park lawyer is not on their conveyancing panel. Is this a problem?
When purchasing a property with mortgage finance it is usual for the purchasers' lawyers 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 solicitor 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 are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own Grange Park solicitors, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
I have given 8 weeks notice to my current landlord and must leave my let out flat in Grange Park by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in 5 weeks as I wish to avoid having to move into temporary accommodation?
It is unwise to provide notice on a rental until your lawyer suggests that you should. If you have not previously done so, notify to your lawyer and request that they chase the sellers solicitors, try to get a realistic time scale from them that everyone will aim to achieve
Are the Grange Park conveyancing solicitors identified as being on the Nottingham conveyancing panel, together with their details provided by Nottingham?
Grange Park conveyancing firms themselves provide us confirmation that they are on the Nottingham conveyancing panel as opposed to being supplied with a list from Nottingham directly.
I had intended to instruct a conveyancing solicitor in Grange Park for our house purchase. Our broker has since notified us that our mortgage lenders Leeds Building Society won't deal with them. Surely this is unduly restrictive?
Mortgage Companies in the main imposes restrictions either the type or the number of conveyancing solicitors on their panel. A common example of such criteria being that a law practice must not be a sole practitioner. As well as restricting the profile of firm, a few lenders have decided to limit the amount of solicitor practices they use to represent them. Be aware that Leeds Building Society have no responsibility for the quality of advice provided by any member of Leeds Building Society Conveyancer Panel. Mortgage fraud was a primary driver in the reduction of solicitor panels a few years ago even though there remains mixed opinions concerning the extent of solicitor involvement in some of that fraud. Data from the Land Registry indicate that thousands of law firms, including some in or near Grange Park only perform one or two conveyances per annum.
Will commercial conveyancing searches disclose planned roadworks that could affect a commercial estate in Grange Park?
Many commercial conveyancing solicitors in Grange Park will conduct a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Grange Park. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Grange Park.
For every commercial conveyancing transaction in Grange Park it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can result in delays to Grange Park commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Grange Park.
I have todaydiscovered that Action Conveyancing have been shut down. They carried out my conveyancing in Grange Park for a purchase of a leasehold flat 18 months ago. How can I check that the property is not still registered in the name of the previous owner?
The easiest way to see if the premises is in your name, you can make 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 Grange Park conveyancing specialists.