My wife and I are purchasing a 3 bedroom flat in Purton with a mortgage. We like our Purton solicitor, but the mortgage company says she’s not on their "panel". It appears that we have no choice but to use one of the lender panel firms or continue with our Purton conveyancing practitioner and pay for one of their panel lawyers to represent them. We consider that this is inequitable; are we not able to insist that the lender use our Purton conveyancing practitioner ?
Unfortunately,no. 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. Another option that might be available is for your Purton conveyancing solicitor to apply to be on the conveyancing panel.
Can I use your services to recommend a Conveyancing solicitor in Purton even where I’m not buying or disposing of a house, for instance where I want to buy a shop in Purton with a loan from TSB?
Our comparison service is primarily utilised to help choose residential conveyancing solicitors in Purton but we have recorded towards the end of this page a few Purton commercial conveyancing firms. You should make contact with the solicitors directly to check if they are also authorised to represent TSB
Are the BSA intent on creating a search tool with a view to to identify practices on the Norwich and Peterborough Building Society conveyancing panel for instance in Purton?
Lexsure has not been advised of any intention on the part of the BSA to promote such a register.
I have been told that property searches are the main reason for delay in Purton conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any delay in conveyancing in Purton.
I am buying a new build flat in Purton. 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 are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Purton
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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? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
At what point do I cover the costs of stamp duty payable for my purchase in Purton?
The property lawyer should complete a stamp duty return for you as part of your Purton purchase transaction for signature. After completion your conveyancing practitioner will submit your Land Transaction application to the Tax Authorities and - as long as they have the money - settle any land tax due for you.