I am hoping to receive a mortgage with Nat West. My intention is to instruct a Licensed Conveyancer in Gotham. Does the Nat West Solicitor panel exclude conveyancers regulated by the CLC?
The Nat West conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Do banks and building societies provide you with an approved list of Gotham conveyancing solicitors? How do you know who is on the RBS conveyancing panel?
Gotham conveyancing firms themselves provide us confirmation that they are on the RBS conveyancing panel as opposed to being supplied with a list from RBS directly.
Can you point me to a directory of Virgin Money panel conveyancers in Gotham on the Building Society Association’s Website?
No. There is no such directory service on the CML or Building Society Association websites. A small selection of banks make their panel listings open the public on the web. Where you are looking for a Gotham property lawyer on the Virgin Money please use our tool.
is it true that all Gotham solicitors on the Coventry BS conveyancing panel are regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Coventry BS approved list of solicitors they would need to be regulated by the SRA. Some mortgage companies do permit licenced conveyancers on their panel in which case such organisation would be overseen by the Council of Licensed Conveyancers.
My offer on a property in Gotham has been accepted, the sellers do however have an associated purchase. The sellers have offered on a property, however it’s not yet agreed to, and have viewings of other flats in the pipeline. I have selected a nearby conveyancing solicitor in Gotham. What should be my next step? When do I get the mortgage application with HSBC going?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx £1k, then survey, Gotham conveyancing search charges, etc). First, you should ensure that your lawyer is on the HSBC approved list. Concerning the next steps this very much dictated by the circumstances of your transaction, motivation for this property and on the state of the market. During a buoyant market many purchasers will apply for a home loan with HSBC and pay for the valuation and only if it comes back ok would they request their conveyancing practitioner to move forward with searches.
Am I best advised to use a Gotham conveyancing solicitor based in the location that I am buying? I have an old university friend who can perform the legal formalities but her office is 300miles away.
The primary upside of using a local Gotham conveyancing firm is that you can visit the firm to execute paperwork, deliver your identification documents and apply pressure on them where appropriate. They will also have local knowledge which is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and on the whole were impressed that should surpass using an unfamiliar Gotham conveyancing lawyer solely due to them being based in the area.
Why can I not complete our conveyancing in Gotham on Good Friday?
Because on completion the funds will be transferred electronically between the banks of the purchaser and owner’s lawyer and at present this can only take place on a working day. It is not possible to complete on a weekend either.