My husband and I are hoping to buy a newly converted apartment in Tutbury with a loan from lend.We have a Tutbury conveyancing solicitor but lend informed us he's not listed on their approved list of member firms. we are left little option but to use a lend panel lawyer or retain our high street solicitor and fork out for one of their panel ones to represent them.This seems very unfair; is there anything we can do?
No, not really. The home loan offered to you contains various provisions, one of which will be that conveyancers must be on the approved list.Until recently, most banks had large numbers of solicitors on their panels: a borrower could find 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. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a quick, no chain conveyancing. Tutbury is where the house is located. Is there any guidance you can impart?
Flying freeholds in Tutbury are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Tutbury you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tutbury 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 residence.
I have been sourcing a conveyancing lawyer in Tutbury for my remortgage. Can I review a firm’s complaints history with the profession’s regulator?
Anyone may search for published Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA could monitor call for training reasons.