It has come to my attention via my estate agent that my Addington lawyer is not on the lender Conveyancing panel. What can I do to be certain if this is indeed the case?
Your first step should be to call your Addington conveyancer. It is reasonable to expect your lawyer to notify you what has happened. If they are not on the panel they may be able to suggest a Addington conveyancing practice that is on the conveyancing panel for your lender.
Completed the sale of my flat in Addington last March but the buyer keeps whats apping me to say their solicitor needs to hear from mylawyer. What are the post completion sale legalities following completion?
Post completion of your sale your lawyer is obliged to forward the transfer documentation and all of the paperwork to the buyer’s lawyers. If applicable, your conveyancer should also evidence that the mortgage has been redeemed to the purchasers lawyers. There is unlikely to be post completion formalities peculiar conveyancing in Addington.
My lawyer in Addington is not on the Solicitor Panel. Can I still continue with my prefered solicitor even though they are not on the panel?
Your options are as follows:
- Carry on with your preferred Addington solicitors but will need to use a solicitor on their panel. This will inevitably rack up the total legal charges and cause frustration.
- Find a new solicitor to to deal with the purchase, remembering to check they are approved.
- Try to convince your based solicitor to attempt to join the panel
How does conveyancing in Addington differ for new build properties?
Most buyers of new build property in Addington contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Addington usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Addington or who has acted in the same development.
My partner and I are purchasing a first floor flat in Addington. When we first instructed , they told us that they were on all major UK lender panels. Our financial adviser called yesterday to say that they are not on the approved list. Should that be true, what should we do? Do we simply pick a new that is on their panel or do we cover the costs for dual representation, with appointing their own preferred .
Where you are purchasing a property needing a mortgage it is normal for the buyer’s solicitors to also represent the mortgage company. In order to act for a bank or building society a has to be on that lender's list of approved lawyers. An application has to be made by the to the lender to become a member of the lender's panel and there are increasingly strict criteria which the has to meet. Some mortgage companies now insist their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your should contact to find out 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 don't have to instruct a firm on 's conveyancing panel as you are at liberty to use your preferred Addington lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another into the mix.