My husband and I are hoping to purchase a property in Thorne and are in fact using a Thorne conveyancing firm. Within the past 48 hours our solicitor has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Chelsea Building Society have this afternoon contacted us to inform me that they have now hit a problem as our Thorne conveyancer is not on their conveyancing panel. What do we do from here?
When purchasing a property with the benefit of a mortgage it is normal for the purchasers' lawyers to also represent the mortgage company. 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 lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Thorne solicitors, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
Me and my partner are due to exchange buying a property in Thorne but as a consequence of damage from a small fire at the property I have was able negotiate recompense from the seller of six thousand pounds taking the form of a reduction in the price. I had intended this to be dealt with as part of amending the contract yet Kent Reliance are not allowing this. Why were they approached?
Any conveyancing practitioner being on the Kent Reliance conveyancing panel is obliged to advise Kent Reliance of any changes to the sale price. If you prohibit your conveyancing practitioner to report the reduction to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new conveyancer for your conveyancing in Thorne.
We are purchasing a property and the conveyancer has referenced Chancel Repair to which the property could be obligated to pay given it’s proximity to the area of such a church. She has mentioned insurance. Is this strictly necessary for conveyancing in Thorne
Unless a prior acquisition of the premises took place post 12 October 2013 you can assume that lawyers handling conveyancing in Thorne to continue to propose a a chancel search and or chancel repair liability insurance.
Just had an offer accepted on a new build apartment in Thorne. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Thorne
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
How do I use the search facility to get a costs illustration from a conveyancing solicitor in Thorne on the approved list for my lender?
1st choose a lender such as Halifax, The Mortgage Works or Nottingham Building Society then type in your location for example Thorne. Conveyancing organisations in Thorne and nationally will then be shown.
My wife and I have recently appointed a conveyancing solicitor in Thorne. I need to find out if they are listed on the bank's conveyancing panel. Could you advise?
One option is to contact your conveyancer to check if they are on the lender's approved list. Alternatively please call us and we can make some checks for you. Should the firm not be on the lender panel we can certainly arrange a specialist conveyancing solicitor in Thorne on the approved list for your mortgage company.