Me and my husband are buying a leasehold flat in Wembley. My Conveyancer has never been on on the bank solicitor list. Is it possible for me to use my Wembley conveyancing solicitor notwithstanding that they are excluded from the mortgage company approved list?
You have a number of options open to you here
- Carry on with your preferred Wembley property lawyer but your bank will no doubt appoint a conveyancing practitioner on their conveyancing panel. This will result in additional charges and likely interruption.
- Get a new conveyancer to conduct the conveyancing, obviously checking they are on the lender conveyancing panel.
- Convince your property lawyer to apply to join the lender panel
My wife and I are getting closer to an exchange on a property in Wembley and my parents have sent the ten percent deposit to my conveyancing practitioner. I am now informed that as the deposit has not come from me my solicitor needs to make a notification to my mortgage company. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I advised the lender about my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
Your solicitor is obliged to clarify with mortgage company to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
Our lender has recommended solicitors on their panel based in Wembley but I would rather instruct a conveyancing lawyer in Wembley local to me. Can you help?
Far from all Wembley conveyancing practices are approved and listed on all lender’s conveyancing panel. Please make the most of the above find an approved solicitor tool to find a Wembley conveyancing firm on the on the bank panel.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a simple, no chain conveyancing. Wembley is where the house is located. What do you suggest?
Flying freeholds in Wembley are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Wembley you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wembley may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I need to instruct a conveyancing solicitor for sale conveyancing in Wembley. I have land on a web site which appears to be the perfect solution If it is possible to get all this stuff done via web that would be preferable. Do I need to be wary? What should out be looking out for?
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?
We are contemplating appointing a web based conveyancer rather than a Wembley conveyancing firm. Am I making a mistake?
There are advantages of being able to visit a local Wembley conveyancing solicitor such as
- signing documents same day
- often being able to see someone face-to-face can make a huge difference, particularly for more complex conveyancing
- the ability to raise concerns if matters are not going as expected
When analysing fees, look out for hidden extras. The majority decent Wembley high street solicitors give an all-inclusive figure. Many online companies appear to offer cheap prices, yet have hidden 'extras' in the fine print.