My fiance and I are looking to buy a property in Theale and are in fact using a Theale conveyancing firm. Within the past 48 hours our conveyancer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Skipton Building Society have this morning contacted us to inform me that they have now hit a problem as our Theale lawyer is not on their approved list of lawyers. What do we do from here?
Where you are buying a property needing a mortgage it is standard 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 property lawyer should contact your lender 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 and you may continue to use your own Theale solicitors, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
We are about to sign contracts for a freehold house in Theale. We encountered a stumbling block. The mortgage offer with Skipton Building Society runs out on 22/4/2025 but the vendors are putting forward a completion date of 24/4/2025. Can one prolong the loan offer?
The person best placed to deal with your issue is your conveyancer who should assess if he or she is better off negotiating with the lender, vendor’s solicitors, estate agents or indeed all three based on what has gone on in your conveyancing to date.
When can the exchange of contracts take place for domestic conveyancing in Theale and am I required to be at the conveyancers office?
If you are near to one of the conveyancing solicitors in Theale you are invited in to sign contracts. However, the law practices we recommend offer countrywide coverage for conveyancing and provide just as diligent and professional a job for you when communicating with you electronically. The executing of the contract is not when everything is set in stone. Signing on the dotted line is necessary for the conveyancer to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Theale)to be in the office at the appropriate time.
I am looking to buy a property and need a conveyancing solicitor in Theale who is on the Chelsea Building Society approved. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Chelsea Building Society in certain locations such as Theale. We dont recommend any particular firm.
How does conveyancing in Theale differ for new build properties?
Most buyers of new build residence in Theale come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is completed. This is because developers in Theale tend to purchase 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 conveyancing solicitors 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 Theale or who has acted in the same development.
Been reading online that Theale solicitors are more costly than Theale conveyancers in Theale to use when purchasing a property. Am I better off using a conveyancer or a solicitor where I am buying for my home move in Theale.
When it comes to conveyancing in Theale the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.