Me and my partner are buying a ground floor flat in Lymington. My lawyer is not on the mortgage company approved panel. Can I still continue with my Lymington conveyancing solicitor even though they are excluded from the mortgage company panel of approved conveyancing solicitors?
You have a couple of choices available to you here
- Proceed with your existing Lymington property lawyer but your mortgage company will no doubt retain a property lawyer from their conveyancing panel. The net result is additional cost together with likely frustration.
- Get a new solicitor to act in the purchase, obviously checking they are on the lender conveyancing panel.
- Convince your conveyancer to apply to join the bank panel
At what point will exchange of contracts take place for sale conveyancing in Lymington and am I required to be at the lawyers office?
Where you are local to our conveyancing solicitors in Lymington you are welcome to come in to sign the paperwork. That being said, the lender approved solicitors we work with offer a countrywide conveyancing service and provide just as detailed and professional a job for you when communicating with you by post or email. The executing of the property agreement is not when everything is set in stone. Signing on the dotted line simply enables the solicitor to address the formalities at the appropriate time, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Lymington)to be in the office at the appropriate time.
We were going to get a DIP from Lloyds this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Lloyds recommend any Lymington solicitors on the Lloyds conveyancing panel, or is it better to go independently?
You will need to appoint Lymington solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
I have decided to exercise my right to buy my property in Lymington off the council. I have a mortgage agreed with Yorkshire BS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Yorkshire BS, you will need to appoint a solicitor on the Yorkshire BS conveyancing panel.
Lloyds have agreed my mortgage in principle, my bid on a flat in Lymington has been accepted, now what?
The property agent will want to be informed of your conveyancer's details (ensure that the conveyancers are on the bank’s approved list). Call up Lloyds or the broker and finish off any appropriate forms. Lloyds will appoint a valuer who will get in touch with the selling agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Lloyds will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Lymington.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Lymington is where the house is located. Can you offer any advice?
Flying freeholds in Lymington are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lymington you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lymington 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.
I am a fortnight into a residential purchase having been referred to conveyancers by the local agent to execute conveyancing in Lymington. I am am very frustrated with the level of service. Could you help me find new conveyancers?
A lawyer would have to be very bad in order to consider changing them. Has your loan offer been sent? In the event that it has you will need to inform them of the new contact details and get the offer are re-sent. The solicitor ideally should be on the mortgage company panel to avoid supplemental expenses and complications. So that should be your first question of the new conveyancers. Our search tool will help you find a bank approved lawyer for your home move in Lymington
I am purchasing a property and require a conveyancing solicitor in Lymington who is on the mortgage company approved panel. Could you point me in the right direction as regards a Lymington solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the bank who do conveyancing in Lymington. We dont recommend any particular conveyancing practice.