It has come to my attention via my lender that my Ludlow solicitor is not on the bank Conveyancing panel. How can I check?
The first thing you need to do is to contact your Ludlow lawyer directly. It is reasonable to expect your lawyer to inform you of the situation. Where they are not on the panel they may recommend you to a Ludlow conveyancing practice that is on the conveyancing panel for your bank.
The vendors of the home we are purchasing are using a conveyancing solicitor in Ludlow who has suggested a exclusivity agreement with a non-refundable deposit 6,000. Are such contracts recommended for Ludlow conveyancing transactions?
This kind of agreement is not the norm in Ludlow, conveyancers are often inclined to veer clients away from them as they detract from focusing on the main conveyancing focus and if you end up having your deposit forfeited then the solicitor is left exposed. Furthermore, there is no certainty that just because the owner has signed a lock out contract they will complete the sale with you. They may be inclined to break the agreement if they receive sufficient incentive to do so because a wronged buyer with the benefit of a lockout agreement will still have to establish consequential losses from the breach and this may not amount to the extra amount that the owner may gain by breaking the agreement, however morally condemnable that may be.
Can your site be used to locate a Conveyancing solicitor in Ludlow even if I’m not purchasing or selling a house, for example if I want to buy an office in Ludlow with a mortgage from Accord Mortgages Ltd?
Our comparison service is mainly used to locate domestic conveyancing solicitors in Ludlow but we have recorded towards the bottom of this page a selection of Ludlow commercial conveyancing firms. You will need to enquire with the company directly to check if they can also act for Accord Mortgages Ltd
My fiance and I are purchasing a newbuild apartment in Ludlow with a loan from Barclays Direct.We have a Ludlow conveyancing lawyer but Barclays Direct informed us his firm is not listed on their approved list of firms. we are left little option but to use a Barclays Direct panel lawyer or retain our high street solicitor and pay for a Barclays Direct panel lawyer to act for them. This seems very unfair; is there anything we can do?
Unfortunately,no. The loan offered to you contains various provisions, a common one being that solicitors must be on the Barclays Direct solicitor panel. Until recently, most lenders had large numbers of solicitors on their panels: a borrower could find 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 lawyer to apply to be on the conveyancing panel for Barclays Direct
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Ludlow is the location of the property. Can you offer any advice?
Flying freeholds in Ludlow are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ludlow you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ludlow may determine 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 property.
Online reading suggests that Ludlow solicitors are more expensive than Ludlow conveyancers in Ludlow to use when purchasing a property. So is it better if I use a conveyancer or a solicitor if I am buying for my home move in Ludlow.
When it comes to conveyancing in Ludlow the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.