Much to our surprise we have been told by our estate agent that my Harborne the law firm I have appointed is not on the bank Conveyancing panel. What can I do to be certain whether this is indeed the case?
The first thing you need to do is to call your Harborne conveyancer. It is reasonable to expect your lawyer to advise you of the situation. Where they are not on the panel they may recommend you to a Harborne conveyancing practice that is on the conveyancing panel for your mortgage company.
Our lawyer has discovered a defect with the lease for the apartment we are buying in Harborne. The seller’s lawyers have suggested title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor has advised that he must check that the lender is willing to move forward with this solution. Are we the client or is the mortgage company ?
Notwithstanding that you have a mortgage offer from the lender does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. The appropriate lender requirements have to be complied with.
Are the Harborne conveyancing solicitors identified as being on the Clydesdale conveyancing panel, together with their details provided by Clydesdale?
Harborne conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
I have been advised by a few selling agents in Harborne to get a quote from a conveyancer using your seach tool. What’s the financial inducement for Estate Agents to market your services ahead of alternative conveyancing organisations?
We don’t give any referral fee for directing people to this site. We thought it would be too underhand to pay a commission as home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
When it comes to my conveyancing in Harborne should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Harborne conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancer's time in submitting the funds this way.