My fiance and I are planning to purchase a flat in Tewkesbury and are in fact using a Tewkesbury conveyancing firm. Within the past 48 hours our solicitor has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Bank of Scotland have this afternoon contacted us to advise us that there is now an issue as our Tewkesbury conveyancer is not on their approved list of lawyers. Is this a problem?
When purchasing a property with mortgage finance it is normal for the purchasers' lawyers to also represent 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 bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel as you are at liberty to use your preferred Tewkesbury lawyers, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
We are purchasing our first home. Our lawyer has calledto ask if we wish to order extra conveyancing searches. Unfortunately we are clueless as to what's relevant for conveyancing in Tewkesbury
The extent of Tewkesbury conveyancing searches depends entirely on the property, the location, the probability of any of these risks, your familiarity of the locality and risks, your general approach to risk. What is important is that you adequately appreciate what information the searches could provide. Then you can decide if you consider that you need that information. Should you be uncertain, ask the lawyer to advise.
When does exchange of contracts occur in domestic conveyancing in Tewkesbury and am I required to attend the lawyers office?
If you are local to our conveyancing solicitors in Tewkesbury you are invited in to sign contracts. However, the law practices we work with offer a national conveyancing service and give as equally comprehensive and professional a job for you when dealing with you by post or email. The executing of the sale agreement is not when everything is set in stone. Signing on the dotted line simply enables the conveyancer to address the formalities when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Tewkesbury)to be in the office available at the end of the phone to exchange contracts.
My wife and I have a renovated Edwardian property in Tewkesbury. Conveyancing practitioner acted for me and Britannia. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the matching address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Tewkesbury and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing practitioner who conducted the purchase.
Is there anything unique about your site and alternative web based conveyancing solicitors when it comes to conveyancing in Tewkesbury?
At this site secure a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Tewkesbury. As opposed to estate agents and brokerage sites we are not in the business of charging firms a commission if you select them for your conveyancing in Tewkesbury
Is it best to use a Tewkesbury conveyancing practitioner based in the location that I am buying? I have an old university friend who can conduct the legal formalities but her office is 300kilometers drive away.
The primary upside of using a high street Tewkesbury conveyancing firm is that you can attend the office to execute paperwork, hand in your identification documents and pester them if necessary. Having local Tewkesbury know how is a plus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and the majority were impressed that should surpass using an unfamiliar Tewkesbury conveyancing solicitor just because they are based in the area.