We are purchasing a 2 bedroom apartment in Wigton with a mortgage. We have a Wigton lawyer, however the bank advise she’s not on their "panel". We have to appoint one of the lender panel solicitors or keep our Wigton property lawyer and pay for one of their panel ones to act for them. We feel that this is inequitable; can we not require that the bank use our Wigton lawyer ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Wigton conveyancing solicitor to apply to be on the conveyancing panel.
At what point will exchange of contracts occur in domestic conveyancing in Wigton and do I need to attend the solicitors office?
Where you are in close proximity to one of the conveyancing solicitors in Wigton you are welcome to come in to sign contracts. However, the lender approved solicitors we work with provide a nationwide conveyancing service and provide just as detailed and professional a job for you when communicating with you digitally. The signing of the contract is not the point of no return. A signed contract is necessary for the conveyancer to exchange contracts at the appropriate time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Wigton)to be in the office at the appropriate time.
I have recentlydiscovered that Arc property Solicitors have closed. They conducted my conveyancing in Wigton for a purchase of a freehold house 18 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The easiest method to check if the premises is in your name, you can carry out 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 Wigton conveyancing specialists.
Due to the encouragement of my in-laws I had a survey completed on a property in Wigton in advance of appointing lawyers. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some lenders will not grant a loan on such a premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. If you e-mail us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Wigton. Conveyancing will be smoother if you use a solicitor in Wigton especially if they are accustomed to such properties in Wigton.
How easy is it to use the search facility to locate a conveyancing practitioner in Wigton on the panel for my bank?
1st pick a mortgage company such as Yorkshire Building Society, Norwich and Peterborough Building Society or Barclays Direct then choose your preferred area a common one being Wigton. Conveyancing practices in Wigton and further afield will then be listed.
My brother-in-law has suggested I instruct a conveyancing solicitor in Wigton. I need to find out if they are listed on the bank's conveyancing panel. Could you help?
One option is to call the conveyancer to enquire if they are on the bank's panel. If that does not help call us and we can make some checks for you. Should the firm not be on the conveyancing panel we can certainly arrange a reputable conveyancing solicitor in Wigton on the panel for your lender.