My fiance and I are looking to buy a flat in Wollaton and have instructed a Wollaton conveyancing practice. Within the past 48 hours our property lawyer has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Skipton Building Society have this morning contacted us to inform me that there is now an issue as our Wollaton 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 act for 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 solicitor 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 bank's conveyancing panel as you are at liberty to use your preferred Wollaton lawyers, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
Will lawyers ask for money on account for conveyancing in Wollaton?
Where you are retaining lawyers for conveyancing in Wollaton your lawyer will request that you put them with monies to cover the the cost of the conveyancing searches. Ordinarily this is requested to cover the fees of the conveyancing searches. If any deposit is as part of the sale price then this will be required immediately in advance of contracts are exchanged. Any further balance that is due should be transferred shortly before completion.
Is there a search tool that I can utilise to discover of the solicitor handling my conveyancing in Wollaton is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for The Mortgage Works thus paying £175.00 in another set of conveyancing costs.
Please do make the most of the search tool on this page. Please choose the mortgage company and type ‘Wollaton’ or your location and you will see numerous solicitors offices in Wollaton or nearest you.
Have just purchased a repossessed house at auction in Wollaton. Conveyancing is needed. What are my next steps?
Given that you are now legally bound yourself to purchase you now have to retain a conveyancing lawyer soon as you are facing a pending a fixed date to complete the deal. An auction property will have an associated legal pack. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the auction pack should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to a leasehold property. You must pass this on to your appointed conveyancing solicitor ASAP. You also need to ensure that you have funds in place to complete the transaction on the set completion date.
We are getting the release of further funds on our home loan from Coventry BS as we intend to conduct alterations to our home in Wollaton. Are we obliged to select a local Wollaton solicitor on the Coventry BS conveyancing panel to handle the legals?
Coventry BS do not ordinarily appoint firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS conveyancing panel.
I am currently in the process of buying my council flat in Wollaton. I have a mortgage offer with Bank of Ireland. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
My husband and I are FTB’s - had an offer accepted, yet the property agent told us that the seller will only move forward if we instruct their chosen lawyers as they want a ‘quick sale’. My instinct tells me that we should use a local conveyancer who is familiar with conveyancing in Wollaton
We suspect that the seller is not behind this ultimatum. If they want ‘a quick sale', turning down a motivated purchaser is is going to put the whole deal at risk. Bypass the agents and go straight to the owners and make sure they understand (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you are going to instruct your own,trusted Wollaton conveyancing firm - not the ones that will give their negotiator at the agency a introducer fee or achieve conveyancing thresholds set by corporate headquarters.
What do I do if I am unhappy with the solicitor who carried out our conveyancing in Wollaton?
We live in an imperfect world, and unfortunately occasionally things do go wrong. However there is recourse if you were unhappy with your conveyancing in Wollaton. This varies from trying to resolve matters directly with them, through to reporting a solicitor to their regulator. If you remain dissatisfied you may consider getting in touch with the Legal Ombudsman.