My wife and I are buying a 1 bedroom apartment in Rushden with a mortgage. We would like to retain our Rushden solicitor, however the bank advise she’s not on their "panel". It seems we have little choice but to appoint one of the lender panel firms or keep our Rushden lawyer and pay for one of their panel firms to represent them. We consider that this is unjust; 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 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. Another option that might be available is for your Rushden conveyancing solicitor to apply to be on the conveyancing panel.
What can a local search reveal regarding the house my wife and I buying in Rushden?
Rushden conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations for example PSG The local search plays an important role in many a Rushden conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your property. The search will reveal information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
I have justdiscovered that Action Conveyancing have been shut down. They conducted my conveyancing in Rushden for a purchase of a freehold house 9 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The quickest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Rushden conveyancing specialists.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what should have been a quick, chain free conveyancing. Rushden is where the house is located. Is there any guidance you can give?
Flying freeholds in Rushden are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Rushden you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Rushden may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I'm converting the mortgage on my current house to a buy to let mortgage with Nationwide Building Society and I will use the rest of the raised equity towards another property. The location we are talking about is Rushden. Will your lawyers be able to act for both sets of mortgage companies and tie in the conveyances?
Do use our comparison tool on this site to be sure that the solicitors are approved by both lenders. On the basis that they are your conveyancer will be able to tie up the two conveyancing matters but you should have a chat with you conveyancer and specify your expectations and requirements.
My husband and I are 3 weeks into a leasehold purchase having been directed to a firm by the high street agent to carry out the conveyancing in Rushden. I am not happy. Could you help me find new conveyancers?
A solicitor would need to be very poor to suggest changing them. Has the loan offer been sent? In the event that it has you need to make them aware of the replacement solicitor and ensure the mortgage documents are issued to the new lawyers. Your new conveyancer should be on the mortgage company panel to avoid escalating fees and delays. That should be your first question of the new solicitors. Our search tool will help you find a bank approved lawyer for your home move in Rushden