My IFA says he needs my Acrefair law firm’s panel member for the HSBC conveyancing panel. Can you suggest how I obtain this. I have tried my local Acrefair office but they have not responded to me.
You are best placed to get this information from your Acrefair property lawyer . Most Acrefair law practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
Are the BSA intent on creating a search tool with a view to list law firms on the Loughborough BS conveyancing panel for instance in Acrefair?
We are not aware of any plans on the part of the BSA to promote such a register.
What will a local search reveal about the property my wife and I purchasing in Acrefair?
Acrefair conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations for instance PSG The local search is essential in every Acrefair conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your new home. The search should provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
Due to the encouragement of my in-laws I had a survey completed on a house in Acrefair prior to retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some banks tend not grant a mortgage on this type of premises.
It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to telephone us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Acrefair. Conveyancing may be slightly more expensive based on your lender's requirements.
My 20yr old son is about to join the property ladder, the home loan was agreed last week in principle. One the seller agreed the offer on the flat we rang the lender to progress the mortgage application. I was disappointed to learn that mortgage lenders do not accept all lawyer, they have to be on a list, is this legal?
Banks ordinarily restrict either the type or the number of conveyancing solicitors on their approved list of lawyers. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Acrefair property lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Probably not.