We are planning to acquire a 3 bedroom flat in Chaddesley Corbett with a mortgage. We have a Chaddesley Corbett solicitor, however the bank says he's not on their "panel". We have to appoint one of the lender panel conveyancing practices or keep our Chaddesley Corbett lawyer as well as pay for one of their panel lawyers to represent them. We consider that this is unjust; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose 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 Chaddesley Corbett conveyancing solicitor to apply to be on the conveyancing panel.
My property lawyer in Chaddesley Corbett is not listed on the Barclays Direct Solicitor Panel. Can I still continue with my prefered solicitor even though they are excluded from the Barclays Direct list of approved lawyers?
The limited options open to you here include:
- Complete the purchase with your existing Chaddesley Corbett lawyers but Barclays Direct will need to retain a solicitor on their panel. This will inevitably rack up the overall conveyancing fees as well as cause delays.
- Get a new solicitor to act in the purchase, remembering to check they are Barclays Direct approved.
- Try to convince your Barclays Direct based solicitor to attempt to join the Barclays Direct panel
There is lots of here concerning conveyancing in Chaddesley Corbett but what is your top tip for appointing the right conveyancer in Chaddesley Corbett
It would be unwise to be seduced by the lowest Chaddesley Corbett conveyancing costs illustration. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
About to purchase maisonette in Chaddesley Corbett. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Chaddesley Corbett solicitor is on the Virgin Money conveyancing panel.
After shopping around on the internet I have found a Chaddesley Corbett lawyer having made sure that they are on the UBS conveyancing panel. Does my lawyer arrange the survey of the property?
UBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually UBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Chaddesley Corbett postcode. As you are getting a mortgage with UBS, you could contact them to see if they have a list of approved surveyors in Chaddesley Corbett.
How does conveyancing in Chaddesley Corbett differ for newly converted properties?
Most buyers of new build premises in Chaddesley Corbett approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because house builders in Chaddesley Corbett tend to acquire 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 conveyancers 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 used to new build conveyancing in Chaddesley Corbett or who has acted in the same development.
I'm remortgaging my current house to a BTL mortgage with Alliance & Leicester and intend to use the remaining equity as a deposit on a second property. The area we are looking at is Chaddesley Corbett. Will your lawyers be able to act for both sets of banks and tie in the two deals?
Do use our search tool on this site to check that the conveyancers are approved by both lenders. Assuming that they are your lawyer should be able to tie up the two conveyancing matters but you should talk with you conveyancer and communicate your desired outcome and requirements.