Me and my partner are purchasing an apartment in Longbenton. My lawyer is not listed on the mortgage company solicitor list. Am I still permitted to retain my Longbenton conveyancing solicitor notwithstanding that they are excluded from the lender panel of approved conveyancing solicitors?
Various options include
- Proceed with your chosen Longbenton conveyancing practitioner but your mortgage company will no doubt use a solicitor from their approved panel. The net result is additional fees and likely frustration.
- Choose a fresh property lawyer to act in the purchase, obviously checking they are on the mortgage company conveyancing panel.
- Convince your conveyancer to do everything possible to get listed on the lender’s panel of solicitors
My Conveyancer in Longbenton has never been on on the Halifax Solicitor Panel. Can I still continue with my family solicitor even though they are excluded from the Halifax approved list?
The limited options open to you here include:
- Carry on with your existing Longbenton solicitors but Halifax will need to use a conveyancer on their panel. This will inevitably rack up the overall conveyancing fees and cause delays.
- Find an alternative practitioner to to deal with the conveyancing, not forgetting to check they are Persuade your lawyer to do everything within their powers to join the Halifax conveyancing panel
2 months have gone by following my purchase conveyancing in Longbenton took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Longbenton differ for new build properties?
Most buyers of new build or newly converted property in Longbenton contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is completed. This is because house builders in Longbenton usually purchase the site, 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 Longbenton or who has acted in the same development.
I was recommended by a few selling agents in Longbenton to select a solicitor on your site. What’s the financial upside for Estate Agents to market your services over and above another?
We don’t give any financial incentive for pointing buyers and sellers our way. We found it would be just too difficult to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
My husband and I are a fortnight into a freehold purchase having been directed to conveyancers by the selling agent to execute conveyancing in Longbenton. I am not happy. Can you you assist me in finding new lawyers?
They would have to be very bad to suggest diss instructing them. Has the mortgage been sent? If so you need to advise them of the new contact details and get the loan are re-issued. The conveyancer needs to be on the mortgage company approved list to avoid added expenses and frustration. That should be your starting point. The find a solicitor tool will assist you in finding a lender approved conveyancer for your home move in Longbenton