Me and my fiance are intending to acquire a 1 bedroom apartment in Saltdean with a mortgage. We have a Saltdean conveyancer, but the lender says she’s not on their "panel". It seems we have no choice but to appoint one of the mortgage company panel firms or continue with our Saltdean property lawyer as well as pay for one of their panel ones to act for them. We regard this is unjust; is there anything we can do?
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. A further alternative is for your Saltdean conveyancing lawyer to apply to be on the conveyancing panel.
It is 10 years ago since I purchased my home in Saltdean. Conveyancing lawyers have recently been retained on the sale but I am unable to find my title deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly there is a chance that the deeds will be with your mortgage company or they could stored with the lawyers who acted in the purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors procuring current official copies of the land registers. Nearly all conveyancing in Saltdean relates to registered property but in the rare situation where your property is not registered it adds to the complexity but is resolvable.
I am buying a garden flat in Saltdean. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Saltdean you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Saltdean.
I recently had an offer agreed on an apartment in Saltdean. My mortgage broker suggested a lawyer. I paid an advanced payment of £225. Not long after, the conveyancer called me sheepishly admitting that they were not on the Barclays conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Barclays panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Planning on purchasing a flat in Saltdean. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Saltdean solicitor is on the Co-operative conveyancing panel.
I was told three weeks ago that my mortgage has been agreed to by UBS. Is it usual for UBS to only issue the offer once my solicitor in Saltdean is approved on their conveyancing panel? UBS have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Do I need to take out insurance to address the risk of chancel repairs when acquiring a residence in Saltdean?
Unless a previous purchase of the premises took place after 12 October 2013 you may expect solicitors handling conveyancing in Saltdean to remain recommending a chancel search and or chancel repair liability policy.
My step-father has recommend that I instruct his lawyers for conveyancing in Saltdean. Do I follow his advice?
Much as we are happy to recommend a Saltdean conveyancing lawyer the best way to select a conveyancing lawyer is to have guidance from friends or relatives who have actually previously instructed the firm you're are thinking of instructing.