Me and my partner are buying a 3 bedroom flat in New Forest with a mortgage. We have a New Forest lawyer, however the bank advise he's not on their "panel". We have to appoint one of the bank panel firms or keep our New Forest conveyancer and pay for one of their panel lawyers to represent them. This feels very unfair; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’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 New Forest conveyancing lawyer to apply to be on the conveyancing panel.
We are acquiring our first house. Our lawyer has texted usto check if we wish to purchase extra conveyancing searches. We are really unsure what's appropriate for conveyancing in New Forest
The type of New Forest conveyancing searches depends primarily on the property, the location, the likelihood of any of these risks, your knowledge of the region and risks, your general attitude to risk. What is important is that you adequately understand what information the searches could supply. You may then make a decision if you personally think you need that search. Where you are uncertain, ask your conveyancer to explain.
I am considering applying for a Principality mortgage for purchase of a new build (under development) in New Forest with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Principality ?
In theory, you could use a solicitor that is not on the Principality conveyancing panel, but Principality would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
The deeds to our property can not be found. The solicitors who dealt with the conveyancing in New Forest 10 years ago have long since closed. What do I do?
These day there are copies made of almost everything, and your solicitor will know precisely where to find all the relevant documentation so you may purchase or sell your house without a hitch. If copies are not available, your conveyancer can arrange cover in the form of insurance or indemnities protecting you against future claims on your premises.
I am buying a new build apartment in New Forest. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in New Forest
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
My brother has recommend that I instruct his conveyancing solicitors in New Forest. Do I follow his guidance?
No doubt the ideal way to find a conveyancing lawyer is to seek guidance from friends or family who have actually experience in using the solicitor you're considering.