Me and my fiance are planning to acquire a 1 bedroom apartment in Poole with a mortgage. We have a Poole solicitor, however the lender advise she’s not on their "panel". It appears that we have no option but to select one of the mortgage company panel firms or retain our Poole conveyancer and pay for one of their panel lawyers to act for them. We consider that this is inequitable; is there anything we can do?
No, not really. Your mortgage offer 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 Poole conveyancing lawyer to apply to be on the conveyancing panel.
Our son-in-law is purchasing a newly built flat in Poole with a home loan from Nottingham. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Nottingham conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Nottingham conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Me and my partner are buying a house in Poole. I might seem paranoid but how we can trust a lawyer? On the day of competition we have to deposit our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am the single recipient of my late mum's will with all property in now in my sole name, including the my former home in Poole. The Poole property was put into my name in January. I want to move. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership may be regarded the same way as if I'd bought the house in January. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. Most mortgage companies would take a sensible view as this provision is primarily there to identify the purchase and immediately sell or the quick reselling of property.
My wife and I have arranged a further advance on our home loan from Clydesdale as we wish to conduct alterations to our property in Poole. Are we obliged to select a bricks and mortar Poole solicitor on the Clydesdale conveyancing panel to deal with the paperwork?
Clydesdale don't usually appoint firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Clydesdale conveyancing panel.
I am buying a house and the conveyancer has referenced Chancel Repair for which the house may be obligated to pay given it’s proximity to the area of such a church. She has recommended insurance. Is this strictly warranted for conveyancing in Poole
Unless a prior acquisition of the house completed after 12 October 2013 you can take it that conveyancing practitioners conducting conveyancing in Poole to continue to advocate a chancel search and or insurance against a claim.
I purchased a semi-detached Edwardian property in Poole. Conveyancing lawyer acted for me and Clydesdale. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold under the exact same address. Is it worth asking Clydesdale to clarify?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Poole and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing lawyer who conducted the conveyancing.
We are four weeks into a freehold purchase having been directed to a firm by the high street agent to execute conveyancing in Poole. I am am starting to be frustrated with the level of service. Can you help me find new solicitors?
A lawyer would have to be very bad to suggest replacing them. Has the mortgage been issued? If so you must advise them of the new lawyer and get the mortgage documents are re-issued. The solicitor ideally needs to be on the banks approved list to avoid added fees and delays. That should be your first question of the new conveyancers. Our find a solicitor tool can help you find a bank approved lawyer for your conveyancing in Poole