My wife and I are due to complete on the purchase of a property in East Cowes but as a result of damage from the recent storms I have was able negotiate compensation from the seller of £2k taking the form of a reduction in the price. I had intended this to be addressed as part of amending the contract yet Aldermore will not permit this. Should they have been informed?

Any conveyancer being on the Aldermore approved list is required to disclose to Aldermore of any variations to the purchase price. If you prohibit your solicitor to report the price change to Aldermore then they would have to discontinue acting for you. In addition, Aldermore and you would have to appoint a new property lawyer for your conveyancing in East Cowes.

We note that you have a post code search directory listing firms on the Coventry BS conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in East Cowes?

We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in East Cowes.

I just bought a property at auction in East Cowes. Conveyancing is required. What happens now?

Now that you are legally committed yourself to purchase you should retain a conveyancing practitioner soon as you now have a fast approaching a fixed date to complete the purchase. All auction property will ordinarily have a bespoke legal set of papers. This will likely include the copy title deeds, local authority and drainage searches. In the case of leasehold property the conveyancing papers should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You must hand this to the lawyer instructed by you at the earliest opportunity. Do make sure that your finances are in order to complete the transaction on the set completion date.

Are all East Cowes Conveyancing Quality Solicitors on the UBS conveyancing list of approved firms?

Some major lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their panels.

When it comes to mortgage companies such as TSB, do East Cowes conveyancing practitioners incur an annual charge to be on the list of approved solicitors?

We are unaware of any mortgage company fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.

I'm refinancing my existing house to a buy to let loan with Nottingham Building Society and I will use the rest of the raised equity as a deposit on another property. The neighborhood we are looking at is East Cowes. Will your conveyancers be able to act for both sets of lenders and tie in the two deals?

Do use our search tool on this page to ensure that the conveyancers are on the relevant lender panels. On the basis that they are your solicitor should be able to tie up the two conveyancing matters but you should talk with you conveyancer and communicate your desired outcome and needs.

I am looking to buy a property and need a conveyancing solicitor in East Cowes who is on the mortgage company approved panel. Can you recommend a East Cowes or local East Cowes conveyancing firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the lender who do conveyancing in East Cowes. We dont recommend any particular firm.