My fiance and I are planning to acquire a house in Bingley and have appointed a Bingley conveyancing firm. Within the last couple of days our conveyancer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Britannia have this evening contacted us to inform me that they have now hit a problem as our Bingley lawyer is not on their conveyancing panel. Please explain?
When purchasing a property with mortgage finance it is normal for the purchasers' lawyers to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your mortgage company and see 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 are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Bingley solicitors, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
We are a couple about to sign contracts for a semi detached house in Bingley. We encountered a snag. Our loan offer with Clydesdale expires on 24/6/2019 but the owners are putting forward a completion date of 26/6/2019. Can one prolong the loan offer?
The best person to address this issue is your solicitors who is in a position to calculate if he or she is corresponding with the mortgage company, vendor’s representatives, estate agents or conceivably all parties taking into account the circumstances your house move as of today.
I require quick conveyancing in Bingley as I am under pressure to exchange contracts inside 4 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?
As you are are a cash purchaser you are at liberty not to do searches although no lawyer would advise that you don't. With lots of history conveyancing in Bingley the following are instances of issues that can show up and adversely affect market value: Enforcement Notices, Overdue Charges, Overdue Grants, Road Schemes,...
I am selling my house. My former solicitors have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Bingley if that makes things easier.
Please use our search tool to help you choose a solicitor for your conveyancing in Bingley. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Are there any specific benefits to choosing a high street conveyancer in Bingley
Many buyers and sellers in Bingley select a local solicitor so that they can pop into the lawyer’s offices in the event that they have concerns, and to deliver mortgage deeds without using the Royal Mail.
We would say that there is a slight edge in selecting a solicitor nearby to a property you are planning to purchase, due to the familiarity of the area and potential local issues - yet this is moot. Many conveyancers undertaking their work via email and could be almost anywhere.