My husband and I are buying a 3 bedroom flat in Chulmleigh with a mortgage. We like our Chulmleigh lawyer, but the bank advise she’s not on their "panel". We have to appoint one of the lender panel conveyancing practices or continue with our Chulmleigh property lawyer as well as pay for one of their panel lawyers to act for them. We consider that this is unjust; are we not able to require that the mortgage company use our Chulmleigh conveyancer ?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’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 Chulmleigh conveyancing solicitor to apply to be on the conveyancing panel.
We are approaching an exchange on a property in Chulmleigh and my parents have sent the exchange deposit to my conveyancer. I am now informed that as the deposit has not come from me my conveyancing practitioner needs to make a notification to my bank. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the bank regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
Your property lawyer is legally required to clarify with mortgage company to ensure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Can I use your services to find a Conveyancing solicitor in Chulmleigh even if I’m not purchasing or selling a house, for instance if I want to buy a shop in Chulmleigh with a mortgage from Leeds Building Society?
The service is predominantly used to select domestic conveyancing solicitors in Chulmleigh but we have recorded towards the end of this page a selection of Chulmleigh commercial conveyancing firms. You should enquire with the firm directly to see if they are also authorised to represent Leeds Building Society
How can the Landlord & Tenant Act 1954 affect my commercial premises in Chulmleigh and how can your lawyers assist?
The particular law that you refer to provides protection to commercial leaseholders, giving them the a statutory right to make a request to court for a continuation of occupancy at the end of the lease term. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Chulmleigh is one of the many areas of the UK in which our lawyers have offices
To what extent are Chulmleigh conveyancing solicitors under an obligation to the Law Society to publish transparent conveyancing costs?
Inbuilt into the Solicitors Code of Conduct are set rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be interpreted as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, constitute the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Chulmleigh or or elsewhere in the country.