My husband and I are buying a newly converted apartment in Clapham with a homeloan from HSBC Bank.We would like to retain our Clapham conveyancing lawyer but HSBC Bank informed us his firm is not on their approved list of firms. we are left little option but to use a HSBC Bank panel lawyer or keep our local solicitor and fork out for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that HSBC Bank use our lawyer?
No, not really. The mortgage offered to you contains various provisions, a common one being that lawyers must be on the HSBC Bank solicitor panel. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find 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. A further alternative is for your solicitors to apply to be on the conveyancing panel for HSBC Bank
I need some fast conveyancing in Clapham as I am faced with pressure to sign on the dotted line in less than one month. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?
As you are are a mortgage free buyer you are at liberty not to have searches conducted although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in Clapham the following are instances of what can crop up and therefore impact future saleability: Enforcement Actions, Overdue Charges, Outstanding Grants, Railway Schemes,...
4 months have gone by since my purchase conveyancing in Clapham concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the guidance of my in-laws I had a survey completed on a property in Clapham in advance of appointing conveyancers. I have been informed that there is a flying freehold element to the house. My surveyor advised that some banks will not grant a loan on such a home.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you contact us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Clapham. Conveyancing will be smoother if you use a solicitor in Clapham especially if they are acquainted with such properties in Clapham.
Are Clapham conveyancing solicitors under an obligation to the Law Society to publish transparent conveyancing figures?
Contained within the Solicitors Code of Conduct are prescriptive rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges 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 regarded as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, represent 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 Clapham or or elsewhere in the country.