Me and my fiance are planning to acquire a 1 bedroom flat in Lamorbey with a mortgage. We like our Lamorbey solicitor, but the bank advise she’s not on their "panel". It seems we have little choice but to use one of the lender panel conveyancing practices or continue with our Lamorbey conveyancing practitioner as well as pay for one of their panel lawyers to represent them. We regard this is inequitable; are we not able to demand that the lender use our Lamorbey conveyancing practitioner ?
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. A further alternative is for your Lamorbey conveyancing lawyer to apply to be on the conveyancing panel.
I am considering applying for a Clydesdale mortgage for purchase of a newly converted (under development) in Lamorbey with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Clydesdale ?
There is nothing to stop you using your solicitor, but Clydesdale will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
My wife and I have a terraced Edwardian property in Lamorbey. Conveyancing lawyer acted for me and Bank of Scotland. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Lamorbey and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with the conveyancing practitioner who conducted the work.
Due to the input of my in-laws I had a survey completed on a property in Lamorbey in advance of retaining lawyers. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some banks tend refuse to give a loan on this type of property.
It depends who your proposed lender is. Santander has different requirements from Halifax. Should you wish to telephone us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Lamorbey. Conveyancing may be slightly more expensive based on your lender's requirements.
Is there anything unique about your site and alternative online quote calculators for conveyancing in Lamorbey?
At this site obtain an accurate costs illustration via a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Lamorbey. As opposed to estate agents and many comparison sites we do not charge firms a fee if you choose them for your property ownership legalities in Lamorbey
Been on the hunt for a conveyancer for freehold sale conveyancing in Lamorbey. We are selling, uncomplicated no mortgage to pay off, no hurry, currently vacant. Had a quote from a conveyancer for £800 including VAT which is a tad high given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Lamorbey?
Considering it’s a sale only, 475 + VAT would be about the lowest for sale conveyancing in Lamorbey.