My husband and I are hoping to buy a 1 bedroom apartment in Sittingbourne with a homeloan from Accord Mortgages Ltd.We use our Sittingbourne conveyancing practitioner but Accord Mortgages Ltd advised that his firm is not on their approved list of member firms. It seems we have no choice but to instruct a Accord Mortgages Ltd panel lawyer or retain our local solicitor and fork out for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The loan offered to you contains various provisions, a common one being that solicitors must be on the Accord Mortgages Ltd solicitor panel. in the past, most lenders had large numbers of law firms on their panels: a borrower could find 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 solicitors to apply to be on the conveyancing panel for Accord Mortgages Ltd
I happen to be the only recipient of my late father’s will and I have everything in my name now, including the house in Sittingbourne. The Sittingbourne property was put into my name in June. I want to move. I do know about the Mortgage Lenders six month 'rule', meaning my proprietorship could be treated the same way as though I had purchased the house in June. Do I have to wait 6 months to sell?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. many lenders would take a sensible view as this provision is primarily there to pick up on the purchase and immediately sell or the flipping of properties.
After months of negotiation I have agreed a price on an apartment in Sittingbourne. My mortgage broker pressured me to appoint their lawyer. I paid an on account payment of £150. A few days later, the property lawyer contacted me to say that they were not on the Principality 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 Principality 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.
I have finally had an offer on a maisonette in Sittingbourne agreed to, the vendors do however have a tied purchase. The vendors have offered on on an apartment, however it’s not yet agreed to, and are looking at other apartments booked. I have chosen a high street conveyancing solicitor in Sittingbourne. What do I do now? When should I get the mortgage application with TSB going?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of one thousand pounds, then survey, Sittingbourne conveyancing search costs, etc). The first course of action is to check that your conveyancer is on the TSB conveyancing panel. As to the subsequent stages this very much dictated by the uniqueness of your case, attraction to this property and on the state of the market. During a rising market some buyers would apply for a home loan with TSB and pay for the valuation and only if it was satisfactory would they request their conveyancing practitioner to proceed with the conveyancing in Sittingbourne.
I need some fast conveyancing in Sittingbourne as I am under pressure to sign on the dotted line inside one month. Fortunately I do not require a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not getting a mortgage you have the choice not to do searches although no conveyancer would suggest that you don't. With lots of history conveyancing in Sittingbourne the following are examples of issues that can appear and therefore affect future saleability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Road Schemes,...
How does conveyancing in Sittingbourne differ for newly converted properties?
Most buyers of new build premises in Sittingbourne contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is ready to move into. This is because house builders in Sittingbourne tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Sittingbourne or who has acted in the same development.
What does commercial conveyancing in Sittingbourne cover?
Commercial conveyancing in Sittingbourne covers a broad range of services, given by qualified solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
We're first time buyers - agreed a price, yet the selling agent advised that the seller will only proceed if we instruct their preferred solicitors as they need an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer who is accustomed to conveyancing in Sittingbourne
We suspect that the owner is not behind this request. Should the seller want ‘a quick sale', turning down a genuine buyer is going to damage their objectives. Try to communicate with the owners directly and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)however you are going to appoint your preferred Sittingbourne conveyancing firm - not the ones that will give their estate agent a commission or achieve conveyancing targets pre-set by head office.