I am not well enough to travel far from Hampton. Please explain the reason why all Hampton conveyancers aren't automatically on all mortgage company panels?
Even though it may seem unfair for lenders to limit who can act for them, from the public’s or conveyancer’s standpoint, the other side of the coin is that banks are becoming ever more anxious and regard it necessary to defend themselves from mortgage fraud. As a consequence of this concern mortgage companies have restricted their panel of approved conveyancing lawyers to a manageable size.
About to place an offer on a leasehold apartment in Hampton. The property agents tell me that it is normal for flats in Hampton to have less than 75 years left on the lease. I am getting a loan with Bank of Ireland. Is this going to be acceptable if the lease has 70 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 18/4/2024 the requirements read as follows :
I have been told by my conveyancer that lack of planning permission insurance is needed on my purchase. What is the level of cover for Hampton conveyancing?
The appropriate level of lack of planning permission indemnity insurance depends on your lender. It would differ for example between Accord Mortgages Ltd and Virgin Money. Conveyancing solicitors as opposed to members of the public take out such insurances.
We had selected conveyancing lawyers with offices in Hampton on the Bank of Ireland solicitor panel. They are now charging me an additional charge for handling the Bank of Ireland mortgage. Is this an additional conveyancing fee set by Bank of Ireland?
Unfortunately, as long as it is in their Terms and Conditions or estimate then yes your conveyancing practitioner may levy a fee for this. This charge is not set by Bank of Ireland but by your Hampton property lawyer. Plenty of firms on the Bank of Ireland panel will charge an ‘acting for lender’ fee and others do not.
We expect to receive a OIP from Principality this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Principality recommend any Hampton solicitors on the Principality conveyancing panel, or is it better to go independently?
You will need to appoint Hampton solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.
Given that I am about to part with £400,000 on a house in Hampton I wish to talk to a lawyer regarding thetransaction in advance of instructing the firm. Is this something that you can arrange?
This is something that we recommend - we would be delighted to talk to you we do not take any clients on without you first talking to the solicitor who will be doing your property ownership legalities in Hampton.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter reference. The solicitors that we put you in touch with believe that the fees you are quoted for your conveyancing in Hampton should be the figure that you end up paying.
My uncle has suggested that I appoint his lawyers for conveyancing in Hampton. Should I use them?
Much as we are happy to recommend a Hampton conveyancing lawyer it’s preferable to choose a conveyancing practitioner is to seek feedback from friends or relatives who have used the solicitor you're considering.