I am acquiring an apartment in Great Shelford. My Solicitor is not on the bank approved panel. Can I still continue with my Great Shelford conveyancing solicitor even though they are not on the mortgage company list of approved lawyers?
Various options include
- Carry on with your preferred Great Shelford lawyer but your mortgage company will undoubtedly use a conveyancing practitioner from their approved list. This will result in additional cost together with probable delay.
- Get a fresh lawyer to act in the purchase, making sure they are on the bank conveyancing panel.
- Appeal to your solicitor to seek to join the lender panel
Are the BSA planning on creating a search tool with a view to list solicitors on the Earl Shilton BS conveyancing panel for example in Great Shelford?
Lexsure has not been advised of any intention on the part of the BSA to develop such a tool.
I have decided to exercise my right to buy my property in Great Shelford off the council. I have a mortgage offer with HSBC. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
My offer was accepted on a property in Great Shelford on 13/5/2022, valuation was booked 4 days after, received a clean bill of health. Property lawyer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to HSBC and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the HSBC conveyancing panel. Are HSBC entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for HSBC to deal with your lawyer's application to be on the HSBC conveyancing panel. There's no guarantee that your solicitor will be accepted.
Bank of Ireland have agreed my home loan in principle, my offer on a flat in Great Shelford has been accepted, what happens next?
Your estate agent will want to know who your solicitors are (make sure the lawyers are on the bank’s approved list). Call up Bank of Ireland or your financial adviser and finish off any appropriate documentation. Bank of Ireland will appoint a valuer who will get in touch with the selling agent or owners to schedule an appointment. Once conducted (assuming no problems) it takes about a week for the mortgage offer to be issued. Bank of Ireland will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Great Shelford.
I need to instruct a conveyancing practitioner in Great Shelford for my home move. Can I check a firm’s complaints history with the legal regulator?
You may see published Solicitor Regulator Association (SRA) determinations stemming from investigations started on or after 1 January 2008. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The regulator may recorded telephone calls for training purposes.
I have read on a number of consumer advice websites that when selecting a conveyancing lawyer they must be approved by your lender. This is my first home move but I have an offer in principle from Birmingham Midhshires and I already have a bricks and morter conveyancing solicitor in Great Shelford on standby. Does HSBC require an approved lawyer to be used? Does a list of panel firms even exist for my conveyancing in Great Shelford?
You need to use a solicitor that is on the HSBC panel. Just call your preferred Great Shelford conveyancing lawyer to check if they are on the HSBC panel. If they are not approved you have a couple of choices available to you here:
- Proceed with your existing Great Shelford lawyer but HSBC will no doubt retain a lawyer from their conveyancing panel. This will result in additional charges together with probable interruption.
- Appoint a new conveyancing practitioner to conduct the conveyancing, ensuring that they are on the HSBC conveyancing panel.
- Convince your lawyer to do everything possible to get accepted on the HSBC conveyancing panel.