My husband and I are purchasing a 3 bedroom apartment in Cudworth with a mortgage. We would like to retain our Cudworth solicitor, however the mortgage company advise he's not on their "panel". It appears that we have little option but to select one of the bank panel conveyancing practices or retain our Cudworth conveyancer and pay for one of their panel firms to act for them. We feel that this is inequitable; is there anything we can do?
Unfortunately,no. The mortgage offered to you 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 Cudworth conveyancing solicitor to apply to be on the conveyancing panel.
Are the BSA intent on creating a online directory to to identify solicitors on the Coventry BS conveyancing panel for instance in Cudworth?
We would not expect to be advised of any plans on the part of the BSA to develop such a tool.
I am looking for a ground for flat up to £245,000 and identified one close by in Cudworth I like with a park and railway links nearby, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Cudworth suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan the remaining unexpired lease term will likely be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
As co-executor for the will of my father I am disposing of a residence in Swansea but live in Cudworth. My lawyer (approximately 260 kilometers awayneeds me to execute a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing practitioner in Cudworth to attest this legal document for me?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are based in Cudworth
My brother mentioned that when selecting a conveyancing lawyer they need approved by your lender. I am a FTB but I have an offer in principle with HSBC and I already have a high street conveyancing lawyer in Cudworth on standby. Does Halifax need an approved conveyancer to be selected? If so, where do I find that list for my conveyancing in Cudworth?
You need to choose a solicitor that is on the Halifax panel. Simply call your preferred Cudworth conveyancing solicitor to check if they are on the Halifax panel. If they are not on the panel you have numerous options open to you here:
- Proceed with your chosen Cudworth property lawyer but Halifax will undoubtedly use a lawyer from their approved list. The net result is additional charges together with potential frustration.
- Get a new solicitor to act in the purchase, making sure they are on the Halifax conveyancing panel.
- Convince your conveyancing practitioner to pull out all the stops to join the Halifax conveyancing panel.