Me and my partner are purchasing a 1 bedroom flat in Milton with a mortgage. We like our Milton lawyer, but the mortgage company advise she’s not on their "panel". It appears that we have no choice but to select one of the mortgage company panel solicitors or keep our Milton solicitor as well as pay for one of their panel firms to represent them. We feel that this is unjust; is there anything we can do?
Unfortunately,no. Your mortgage offer 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 Milton conveyancing lawyer to apply to be on the conveyancing panel.
Me and my partner are about to exchange on the purchase of a house in Milton but as a consequence of damage from a small fire at the property I have managed to agree compensation from the vendor of six thousand pounds taking the form of a adjustment in the price. I had intended this to be addressed as part of amending the contract but Kent Reliance will not permit this. Should they have been involved?
Any conveyancer being on the Kent Reliance conveyancing panel is required to inform Kent Reliance of any changes to the purchase price. If you were to refuse your solicitor to report the price change to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new property lawyer for your conveyancing in Milton.
We hope to to buy with Norwich and Peterborough Building Society. I visited 3 or 4 local solicitors but am unable to find a Milton conveyancing firm on the Norwich and Peterborough Building Society panel. Can you assist?
Feel free to take advantage of the search tool on this site. Please choose the mortgage company and type Milton or your location and you will be presented with numerous conveyancers based in Milton or nearest you.
I have justfound out that Wolstenholmes have been shut down. They conducted my conveyancing in Milton for a purchase of a freehold house 12 months ago. How can I check that my home is registered correctly in the name of the former proprietor?
The easiest method to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Milton conveyancing specialists.
How does conveyancing in Milton differ for newly converted properties?
Most buyers of new build premises in Milton contact us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Milton typically acquire the real estate, 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 conveyancers 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 Milton or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Milton is where the house is located. What do you suggest?
Flying freeholds in Milton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Milton 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 Milton may ascertain 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.