We are intending to acquire a 1 bedroom flat in Knotty Ash with a mortgage. We would like to retain our Knotty Ash solicitor, but the lender advise he's not on their "panel". We have to appoint one of the lender panel conveyancing practices or keep our Knotty Ash conveyancing practitioner as well as pay for one of their panel lawyers to represent them. We regard this is unjust; are we not able to require that the lender use our Knotty Ash lawyer ?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’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. A further alternative is for your Knotty Ash conveyancing lawyer to apply to be on the conveyancing panel.
At what point can the exchange of contracts occur in sale conveyancing in Knotty Ash and do I need to attend the conveyancers office?
Where you are local to our conveyancing solicitors in Knotty Ash you are welcome to come in to sign contracts. That being said, the lender approved solicitors we work with offer countrywide coverage for conveyancing and give just as diligent and professional a job for you when dealing with you electronically. The executing of the purchase agreement is not when everything is set in stone. A signed contract is necessary for the firm to address the formalities at the appropriate time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Knotty Ash)to be in the office at the appropriate time.
We're in Knotty Ash, FTBs purchasing with a mortgage (lender is Barclays , and our lawyer is on the Barclays conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
How does conveyancing in Knotty Ash differ for new build properties?
Most buyers of new build or newly converted property in Knotty Ash come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is finished. This is because developers in Knotty Ash typically 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 conveyancing solicitors 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 Knotty Ash or who has acted in the same development.
What does commercial conveyancing in Knotty Ash cover?
Knotty Ash conveyancing for business premises incorporates a broad array of guidance, offered by qualified solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer 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 tenancies.
I see that you have a search directory listing firms on the mortgage company conveyancing panel. Do Knotty Ash conveyancing firms pay you a referral fee if I instruct them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Knotty Ash.