Me and my fiance are planning to buy a 1 bedroom flat in Roehampton with a mortgage. We have a Roehampton lawyer, but the mortgage company says he's not on their "panel". We have to appoint one of the bank panel solicitors or keep our Roehampton solicitor as well as pay for one of their panel ones to act for them. We feel that this is unjust; are we not able to demand that the mortgage company use our Roehampton lawyer ?
No, not really. 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 Roehampton conveyancing solicitor to apply to be on the conveyancing panel.
When does exchange of contracts take place for purchase conveyancing in Roehampton and am I required to attend the conveyancers branch?
Where you are near to one of the conveyancing solicitors in Roehampton you are invited in to sign documents. That being said, the lender approved solicitors we recommend supply countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when dealing with you by post or email. The executing of the contract is not the critical part. A signed contract is necessary for the firm to address the formalities at the suitable time, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Roehampton)to be in the office available at the end of the phone to exchange contracts.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Is the implication that I have to use their panel conveyancer as I would prefer to use a Roehampton based conveyancing firm?
Do check but the the probability is that appoint one of their panel conveyancers if you take up the "fee-free" incentive. Speak to the mortgage company to check if they offer you a cash alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor near Roehampton.
A colleague recommended that if I am purchasing in Roehampton I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Roehampton conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Roehampton around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information concerning Roehampton.
I need to instruct a conveyancing solicitor for some conveyancing in Roehampton. I've stumble upon a site which seems to have the ideal answer If there is a chance to get all the legals done via email that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Our sealed bid on property in Roehampton was agreed to, the vendor does nevertheless have a dependent purchase. The owners have submitted an offer on on an apartment, although it’s not yet tied up, and are looking at other properties in the pipeline. I have chosen a local conveyancing lawyer in Roehampton. What do I do now? When do I get the mortgage application with Nottingham started with Nottingham?
It is normal to have apprehensions where there is a chain given your reluctance to be too out of pocket too early (home loan application is approx one thousand pounds, then valuation, Roehampton conveyancing search charges, etc). The first thing to do is check that your conveyancer is on the Nottingham approved list. Regarding the subsequent phase this very much depends on the uniqueness of your case, desire for this property and on the state of the market. In a buoyant market some purchasers will apply for the mortgage with Nottingham and pay for the valuation and only if it comes back ok would they pay their conveyancer to move forward with the conveyancing in Roehampton.