My partner and I are hoping to acquire a flat in Selby and are in fact using a Selby conveyancing firm. Within the past 48 hours our solicitor has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Birmingham Midshires have this evening contacted us to advise us that they have now hit a problem as our Selby conveyancer is not on their conveyancing panel. Is this a problem?
When purchasing a property with mortgage finance it is standard for the purchasers' solicitors to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the bank's conveyancing panel and you may continue to use your own Selby solicitors, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
We are about to exchange contracts for a semi detached house in Selby. We encountered a snag. The mortgage offer with Platform Home Loans Ltd runs out on 10/11/2025 but the sellers are insisting on a completion date of 12/11/2025. Is it possible to prolong the loan expiry date?
The best person to deal with your concern is your solicitors who will hopefully calculate if they better off negotiating with the lender, seller’s solicitors, property agents or conceivably all three based on what has gone on in your conveyancing to date.
We note that you have a post code search directory listing firms on the Aldermore conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Selby?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Selby.
I am looking for a ground for flat up to £235,500 and identified one round the corner in Selby I like with amenity areas and station nearby, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Selby in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you require a home loan that many years may be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
In surfing the web for the term on line conveyancing in Selby it reveals numerous property lawyersin the vicinity. How do I determine which is the suitable conveyancing solicitor for my move?
The best way of choosing a suitable conveyancer is via personal recommendation, so enquire of friends and relatives who have bought a property in Selby or the reputable estate agent or mortgage broker. Costs for conveyancing in Selby vary, so it's advisable to request a minimum of three fee estimates from different companies. Be sure to secure confirmation that the charges are guaranteed not to escalate.
I am Googling for Selby competitive conveyancing fees. Can I be confident that all the Selby practices that are listed on your website are on the bank conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us that they are on the bank panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Selby firm being on the bank conveyancing panel is incorrect.