My partner and I are hoping to buy a property in Walkington and have instructed a Walkington conveyancing practice. Within the past 48 hours our lawyer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Godiva Mortgages Ltd have this evening contacted us to inform me that there is now an issue as our Walkington conveyancer is not on their approved list of lawyers. Please explain?
Where you are buying a property requiring a mortgage 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 property lawyer should contact your mortgage company 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 Walkington solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
We see that you have a search directory identifying law firms on the Co-operative conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Walkington?
We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Walkington.
I have todaydiscovered that Stirling Law have been shut down. They conducted my conveyancing in Walkington for a purchase of a leasehold apartment 18 months ago. How can I be sure that the property is in my name in the name of the previous owner?
The easiest way to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Walkington conveyancing specialists.
How does conveyancing in Walkington differ for newly converted properties?
Most buyers of new build premises in Walkington contact us having been asked by the seller to exchange contracts and commit to the purchase even before the house is finished. This is because developers in Walkington typically buy the site, 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 conveyancers 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 Walkington or who has acted in the same development.
Are there any apps to help locate a Walkington law firm on the Godiva Mortgages Ltd conveyancing panel? I drive a motor bike and am prepared to travel upto 10kilometers to meet the lawyer.
You can use the facility on this page. Please choose the lender and your location and you will see a number of Walkington conveyancing lawyers based on proximity. We have listed some Walkington conveyancing firms at the bottom of this page and you can ring them to check whether they are on the Godiva Mortgages Ltd member panel
I need to retain a conveyancing solicitor for leasehold conveyancing in Walkington. I've discover a site which looks to be the perfect solution If there is a chance to get all the legals done via web that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?