Me and my husband are acquiring residence in Great Baddow. My lawyer is not listed on the mortgage company conveyancing list. Can I still appoint my Great Baddow conveyancing solicitor even though they are not on the lender panel of approved conveyancing solicitors?
You have a number of options available to you here
- Complete the deal with your preferred Great Baddow property lawyer but your mortgage company will no doubt retain a conveyancing practitioner on their approved panel. The net result is additional cost and likely delay.
- Get a new solicitor to conduct the conveyancing, making sure they are on the mortgage company conveyancing panel.
- Convince your conveyancing practitioner to pull out all the stops to get listed on the lender’s conveyancing panel
Our nephew is in the process of securing a new build apartment in Great Baddow with a mortgage from Bank of Ireland. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Bank of Ireland conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Bank of Ireland conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Having invested time researching consumer advice sites for a conveyancing solicitor in Great Baddow, most advise that I should instruct a CQS assured solicitor. Can you explain what CQS is?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in the legal transfer of properties, trusted by some of the UK's biggest mortgage companies. Four years ago the Conveyancing Quality Scheme was officially recognised by the Legal Ombudsman. CQS is not a scheme offered by the Council of Licensed Conveyancing. Great Baddow is one of the many areas of the UK where there are Accredited lawyers.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. Great Baddow is where the house is located. Is there any advice you can impart?
Flying freeholds in Great Baddow are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Great Baddow 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 Great Baddow may ascertain 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 premises.
Me and my husband have recently had a bid accepted on our 1st home in Great Baddow, and are now looking to get solicitors instructed. I have utilised the different comparison tools and the quotes are from all over the the UK. Is it important to have a Great Baddow solicitor local to our potential new home? I am happy to do everything over the internet, but I assume at some stage we may be required to physically go into the conveyancing practitioner's office to sign papers?
There is no need to physically visit the office of your conveyancer, they can post any relevant documents to you, which you can sign and return. Many buyers and sellers choose to instruct a locally based solicitor, but it is not essential for conveyancing in Great Baddow.