My partner and I are hoping to purchase a flat in Crick and have appointed a Crick conveyancing practice. Within the last couple of days our conveyancer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. The Royal Bank of Scotland have this evening contacted us to inform me that they have now hit a problem as our Crick conveyancer is not on their conveyancing panel. What do we do from here?
When purchasing a property with mortgage finance it is usual for the purchasers' solicitors 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 are not legally obliged to appoint a law firm on the bank's conveyancing panel as you are at liberty to use your preferred Crick lawyers, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
I am only a couple days away from an exchange on a flat in Crick and my mum and dad have sent the exchange deposit to my conveyancing practitioner. I am now advised that as the deposit has not arrived from me my solicitor needs to disclose this to my lender. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I informed the lender regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?
The lawyer 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. The solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
I have a terraced Georgian house in Crick. Conveyancing solicitor acted for me and Skipton Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Crick and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with your conveyancing lawyer who completed the work.
I am looking to sell my house. My past solicitors closed down. It would be helpful to have a recommendation of a conveyancing firm. Im based in Crick if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Crick. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
We are four weeks into a residential purchase having been recommend to solicitors by the selling agent to handle our conveyancing in Crick. I am am extremely disappointed with the level of service. Can you you assist me in finding new lawyers?
They would need to be very bad to suggest changing them. Has your loan offer been issued? If so you need to inform them of the replacement conveyancer and get the offer are issued to the new lawyers. The conveyancer needs to be on the banks approved list to avoid escalating costs and complications. That should be your first question of the new conveyancers. Our find a solicitor tool will assist you in finding a bank approved solicitor for your home move in Crick