I have just been advised by my IFA that my Marchington lawyer is not on the lender Conveyancing panel. How can I be certain that this is indeed the case?
Your first step should be to call your Marchington lawyer directly. You lawyer should inform you what has happened. If they are not on the panel they may recommend you to a Marchington conveyancing firm that is on the approved list of lawyers for your lender.
My wife and I are refinancing our maisonette in Marchington with Virgin Money. We have a son 18 who lives at home. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have a couple of concerns (1) Is this form unique to the Virgin Money conveyancing panel as he never had to sign this form when we remortgaged 5 years ago (2) Does our son by signing this compromise his rights to inherit the property?
First, rest assured that your Virgin Money conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Virgin Money. This is solely used to protect Virgin Money if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Virgin Money had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
My husband and I are hoping to buy a newbuild flat in Marchington with a residential mortgage from Alliance & Leicester .We would like to retain our Marchington conveyancing solicitor but Alliance & Leicester advised that he's not listed on their "panel". We have to appoint a Alliance & Leicester panel firm or keep our preferred solicitor and pay for a Alliance & Leicester panel lawyer to represent them. We feel as though this is unjust; Can we not simply insist that Alliance & Leicester use our lawyer?
Unfortunately,no. The mortgage issued to you is subject to its various provisions, one of which will be that solicitors will be on the Alliance & Leicester 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. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Alliance & Leicester
I am assisting my niece sell her property in Marchington. Does the solicitor order the energy performance certificate or should I organise this?
After the abolition of Home Information Packs, EPC’s was maintained a mandatory component of selling a house. An energy performance certificate must be commissioned prior to the property being advertised. This is not a task that solicitors normally arrange. If you are instructing a Marchington conveyancing solicitor they may help arrange energy performance certificates due to their relationships with long established Marchington accredited person
My bid for a property was accepted at auction in Marchington. Conveyancing is necessary. What happens now?
Now that you have legally bound yourself to purchase you now have to appoint a conveyancing practitioner quickly as you are faced with a pending a drop dead date to complete the property. All auction property should have a corresponding auction set of papers. This will likely include evidence of title and search results. Where you are dealing with leasehold property the auction papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You should hand this to your appointed conveyancing solicitor as soon as possible. Do make sure that that you have the requisite funding in place to complete on the date specified in the contract.
I am due to exchange contracts on my apartment. I had a double glazing fitted in December 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Aldermore are being problematic. The Marchington solicitor who is on the Aldermore conveyancing panel is saying indemnity insurance will be fine but Aldermore are requiring a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
How simple is it to switch conveyancer as I have to instruct one who is on the Barclays conveyancing panel. I instructed a high street conveyancing solicitor in Marchington five minutes from me but she is not approved by Barclays
We will our best to assist in finding you a conveyancing solicitor in Marchington on the Barclays panel. Please note that the conveyancers that we work with do not pay us commission if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Marchington. In making use of search facility on this site, you can contrast fees for conveyancing solicitors in Marchington and beyond.
I need to appoint a conveyancing solicitor for freehold conveyancing in Marchington. I happened to chance upon a site which seems to have the perfect solution If there is a chance to get all this stuff done via web that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?