I plan on purchasing property in Motspur Park. My Conveyancer is not listed on the bank solicitor list. Is it possible for me to retain my Motspur Park conveyancing solicitor notwithstanding that they are not on the lender list of approved lawyers?
You have a number of choices available to you here
- Proceed with your existing Motspur Park conveyancer but your lender will need to use a solicitor from their approved panel. The net result is additional charges and potential frustration.
- Get a fresh lawyer to act in the purchase, obviously checking they are on the lender conveyancing panel.
- Convince your conveyancer to pull out all the stops to join the lender’s conveyancing panel
Some advice if I may. My Motspur Park lawyer is assuring me that she is duty bound toorder Motspur Park conveyancing searches becausethe firm are on the Nat Westapproved lawyer panel. Do I not have a choice here?
You have limited options available to you. Given that you are taking out a loan with a bank your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to follow the CML Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Motspur Park conveyancing searches.
We are planning to buy with Earl Shilton BS. I went into a few high street firms but cant to find a Motspur Park conveyancing firm on the Earl Shilton BS approved list. Could you assist?
Please do make the most of the search tool on this web page. Pick the building society and type Motspur Park or your preferred area and you will be presented with a number of lawyer offices in Motspur Park or near you.
I am helping my step-mother sell her flat in Motspur Park. Does the conveyancing solicitor order an EPC or it is for the seller to coordinate?
Following the demise of Home Packs, energy assessments was retained a mandatory component of selling a property. An energy assessment should be to hand in advance of the property being marketed. This is not a task that law firms normally arrange. Where you are using a Motspur Park conveyancing solicitor they may be able to arrange energy assessments given their contacts with long established Motspur Park providers
I am the only recipient of my late grandmother’s will with all property in now in my sole name, including the house in Motspur Park. The Motspur Park property was put into my name in June. I plan to dispose of the property. I do know about the CML 6 month 'rule', which means that my property ownership could be regarded the same way as if I'd bought the house in June. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. How sensible a view banks take of it, depend on the lender as this requirement principally exists to capture subsales or the flipping of properties.
Aldermore have agreed my mortgage in principle, my offer on a flat in Motspur Park has been accepted, now what?
Your estate agent will need to be informed of your property lawyer's details (ensure that the property lawyers are on the bank’s approved list). Telephone Aldermore or your broker and complete any outstanding forms. Aldermore will appoint a valuer who will get in contact with the selling agent or seller to book a time for the valuation to take place. Once carried out (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Aldermore will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Motspur Park.
How does conveyancing in Motspur Park differ for newly converted properties?
Most buyers of new build property in Motspur Park come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because developers in Motspur Park 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 property lawyers 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 used to new build conveyancing in Motspur Park or who has acted in the same development.
How difficult is it to switch solicitor as I have to find one who is on the Halifax conveyancing panel. I hired a local conveyancing solicitor in Motspur Park round the corner but the firm is not accepted by Halifax
It would be our pleasure to help you select a conveyancing solicitor in Motspur Park on the Halifax panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Motspur Park. In making use of the find a conveyancing solicitor tool on this website, you can contrast fees for conveyancing solicitors in Motspur Park and throughout England and Wales.