My partner and I are planning to buy a property in Totland and have instructed a Totland conveyancing practice. Within the last couple of days our lawyer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Bank of Scotland have this evening contacted us to advise us that they have now hit a problem as our Totland solicitor is not on their conveyancing panel. Is this a problem?
Where you are buying a property with the assistance 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 Accreditation Scheme. Your property lawyer 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 solicitors to act. You don't have to instruct a firm on the bank's conveyancing panel as you are at liberty to use your preferred Totland lawyers, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
We are looking to buy a house and need a conveyancing solicitor in Totland who is on the Lloyds approved panel. 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 be listed as being on the approved conveyancing panel for Lloyds . We don't recommend any particular firms conducting conveyancing in Totland.
My wife and I are downsizing from our property in Totland and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any local lawyer would know that there is no such problem. It does beg the question why the purchasers instructed an internet conveyancing firm rather than a conveyancing solicitor in Totland. Having lived in Totland for six years we know that this is a non issue. Do we get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I own a semi-detached Georgian house in Totland. Conveyancing practitioner represented me and National Westminster Bank. 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 property. I'd like to know for sure, how can I find out??
You need to read 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 Totland and other locations in 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 lenders. You can also question the situation with the conveyancing lawyer who conducted the conveyancing.
I'm refinancing my existing property to a BTL mortgage with Virgin Money and I will use the ballance of the raised equity as a deposit on a second house. The neighborhood we are looking at is Totland. Will your conveyancers be able to act for both sets of lenders and tie in the transactions?
Do use our search tool on this site to ensure that the lawyers are approved by both banks. Assuming that they are the conveyancer should be able to tie up the two conveyancing matters but you should talk with you conveyancer and make apparent your expectations and requirements.
Been searching for a conveyancing practitioner for freehold sale conveyancing in Totland. I'm selling, uncomplicated no mortgage to pay off, no hurry, no onward purchase. Had a quote from a conveyancing practitioner for nine hundred pounds including VAT which is a tad expensive given that its so straightforward. Can I pay less for conveyancing in Totland?
Given that it’s a sale only, £450 + VAT would be about the best for sale conveyancing in Totland.