Bottesford - It's not just what you know, it's who you know. Our Conveyancing specialists in Bottesford have close working associations with a broad range of local information sources and furthermore, any areas of particular consideration when buying or selling in Bottesford will also be examined in detail.

What are the consequences if your solicitor is not on your Lender's panel?

Many lenders, and particularly nationwide banks, were once willing to instruct any Bottesford solicitors who requested to be added to their panel. However, mortgage lenders have started removing firms which do not carry out much work for them, or have not met certain additional criteria. These options are available to any homebuyer whose solicitor is not on their lender's panel; you could either obtain a mortgage from another lender, or instruct another firm of conveyancer who are on the panel. Generally, it is cheaper to have the same firm act both for you and your lender, but you could also choose to persist with both your first choice of lender and solicitor, and pay for a lawyer selected by the lender to carry out the relevant legal work. Issues to consider if you intend to swap to a firm on the panel:

• The second firm may have a different fee structure, or higher fees
• Work which the first solicitor has completed already may need to be paid for regardless of your decision.
• Your new conveyancing solicitor may have weaker local knowledge.

Are you eligible for Bottesford stamp duty relief?

Around 2,000 wards nationwide are eligible for stamp duty relief. Local government wards or electoral divisions are used to define the boundaries of these. Disadvantaged areas may not precisely match postcode areas, so a postcode search will be insufficient to ensure relief may be available. If it is thought that a property is in a disadvantaged area, but an online search does not confirm this, it may be necessary to make further enquiries with the local council. A postcode search will usually determine whether a home being sold for less than the threshold is eligible.