My husband and I are purchasing a 2 bedroom apartment in Kegworth with a mortgage. We have a Kegworth solicitor, but the lender advise she’s not on their "panel". We have to appoint one of the bank panel firms or keep our Kegworth property lawyer as well as pay for one of their panel firms to act for them. We regard this is unjust; is there anything we can do?
No, not really. 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 Kegworth conveyancing solicitor to apply to be on the conveyancing panel.
My brother-in-law has suggested I instruct a conveyancing solicitor in Kegworth. I I am struggling to find out if they are on the Bank of Ireland conveyancing panel. Can you help?
The first thing to do is call your lawyer and enquire if they can act for the bank. Alternatively you can get in touch with Bank of Ireland who may be able to confirm.
How does conveyancing in Kegworth differ for newly converted properties?
Most buyers of new build or newly converted property in Kegworth approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is finished. This is because builders in Kegworth tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Kegworth or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a simple, chain free conveyancing. Kegworth is where the house is located. Can you shed any light on this issue?
Flying freeholds in Kegworth are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Kegworth you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kegworth may ascertain 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.
Am I better off to go with a Kegworth conveyancing practitioner who is local to the property I am hoping to buy? I have an old university friend who can deal with the legal formalities however his firm is located 200kilometers away.
The benefit of a local Kegworth conveyancing firm is that you can drop in to sign paperwork, present your ID and pester them where appropriate. Having local Kegworth know how is a benefit. That being said it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and the majority were happy that should trump using an unfamiliar Kegworth conveyancing solicitor just because they are based in the area.
Been looking for a conveyancing practitioner for leasehold sale conveyancing in Kegworth. I'm selling, uncomplicated no mortgage to pay off, no hurry, currently vacant. Received a quote from a solicitor for £900 plus VAT which is a tad high considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Kegworth?
As it’s a sale only, £500 + VAT should be about the cheapest for a Kegworth solicitor firm.