I plan on acquiring an apartment in Tenbury Wells. My property lawyer has never been on on the bank conveyancing list. Am I still permitted to continue with my Tenbury Wells conveyancing solicitor notwithstanding that they are not on the lender panel?
Various options include
- Carry on with your preferred Tenbury Wells property lawyer but your lender will no doubt use a solicitor from their conveyancing panel. This will result in additional charges and potential delay.
- Appoint a fresh conveyancer to act in the purchase, ensuring that they are on the bank conveyancing panel.
- Appeal to your solicitor to attempt to join the bank panel
Is there a search tool that I can utilise to find out if the solicitor handling my conveyancing in Tenbury Wells is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Nationwide Building Society thus spending £187.00 plus VAT in another set of legal charges.
Feel free to take advantage of the find a conveyancing panel solicitor tool on this site. Pick the lender and type ‘Tenbury Wells’ or your location and you will be presented with a number of lawyer located in Tenbury Wells or nearest you.
I am buying a property and the solicitor has referenced Chancel Repair for which the property could be liable given it’s proximity to the area of such a church. She has suggested insurance. Is this really appropriate for conveyancing in Tenbury Wells
Unless a prior purchase of the property took place after 12 October 2013 you can expect lawyers handling conveyancing in Tenbury Wells to continue to advocate a chancel search and or chancel repair liability insurance.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a straight forward, no chain conveyancing. Tenbury Wells is the location of the property. Is there any advice you can give?
Flying freeholds in Tenbury Wells are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Tenbury Wells you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tenbury Wells may decide 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 premises.
I was pointed in your direction by a number of estate agents in Tenbury Wells to choose a property lawyer using your seach tool. What’s the financial inducement for Estate Agents to promote your services over alternative conveyancing organisations?
We don’t offer any commission for directing people our way. We thought it would be too underhand a fee because a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
What is the average conveyancing fee for conveyancing in Tenbury Wells?
The average cost in 2014 for conveyancing in Tenbury Wells was £1,395 excluding Stamp Duty and Land Registry fees.