I plan on buying an apartment in Stafford. My Conveyancer is not on the lender conveyancing panel. Am I still permitted to appoint my Stafford conveyancing solicitor notwithstanding that they are excluded from the lender panel?
One must appoint a lawyer to deal with the formalities if you require a mortgage to purchase your property. They will conduct all the relevant legal checks on the property, ensuring that you’re registered as proprietor and ensure that all the required mortgage documentation is in place. You may instruct a Stafford lawyer of your choice. However, if the property lawyer selected is not on the bank conveyancing panel supplemental fees will be levied as separate legal representation will be required by them. Lender panel applications can be submitted, so where your solicitor has not in the past applied for membership they should take the opportunity to apply.
Why do I have to pay up front when it comes to conveyancing in Stafford?
Where you are retaining lawyers for conveyancing in Stafford your lawyer will ask you place them with monies to cover the the cost of the conveyancing searches. Generally this is asked for to cover the fees of the conveyancing searches. If any down payment is as part of the sale price then this should be asked for shortly prior to exchange of contracts. The closing balance that is needed will be payable a few days prior to the day of completion.
Can you clarify what the consequences are if my lawyer’s firm is removed from the TSB Solicitor panel ahead of completing my conveyancing in Stafford?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Due to the input of my in-laws I had a survey completed on a house in Stafford in advance of instructing solicitors. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some lenders may refuse to grant a mortgage on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Stafford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stafford to see if the conveyancing costs will increase in light of this.
I am looking into buying my first house which is in Stafford and I am already nervous. I couldn't find anything specific about Stafford. Conveyancing will be needed in due course but do you know about the Stafford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Stafford. In the meantime here are some basic statistics that we found
As co-executor for the will of my uncle I am disposing of a property in Swansea but I am based in Stafford. My solicitor (approximately 300 miles from meneeds me to execute a stat dec ahead of completion. Can you recommend a conveyancing practitioner in Stafford who can attest this legal document for me?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are Stafford based