My husband and I are looking to acquire a flat in Kimbolton and have instructed a Kimbolton conveyancing firm. Within the last couple of days our conveyancer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Aldermore have this morning contacted us to inform me that there is now an issue as our Kimbolton conveyancer is not on their approved list of lawyers. Please explain?
When purchasing a property with mortgage finance it is conventional for the purchasers' solicitors to also represent 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 Kimbolton solicitors, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
We were just about to exchange contracts for a semi detached house in Kimbolton. We encountered a snag. The loan offer with Bank of Ireland expires on 3/7/2026 but the sellers are putting forward a completion date of 7/7/2026. Is it possible to prolong the loan offer?
The best person to deal with your question is your solicitors who should assess whether they better off negotiating with the mortgage company, owner’s representatives, estate agents or conceivably all three based on the history of your transaction as of today.
I have an AIP. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would prefer to instruct a Kimbolton based conveyancing firm?
Do check but the chances are that allocate you one of their panel conveyancers should you take up the "fee-free" incentive. Contact the bank and explore if they offer you a monetary alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor near Kimbolton.
I opted to have a survey completed on a house in Kimbolton ahead of appointing lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies may refuse to grant a mortgage on this type of premises.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. If you call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Kimbolton. Conveyancing will be smoother if you use a solicitor in Kimbolton especially if they are acquainted with such properties in Kimbolton.
What does commercial conveyancing in Kimbolton cover?
Kimbolton conveyancing for business premises covers a broad range of services, supplied by regulated solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
As co-executor for the will of my father I am disposing of a residence in Neath but reside in Kimbolton. My lawyer (approximately 260 kilometers from merequires that I execute a statutory declaration before completion. Could you suggest a conveyancing practitioner in Kimbolton to attest and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are located in Kimbolton