I plan on buying a flat in Harefield. My Conveyancer is not listed on the bank conveyancing list. Is it possible for me to appoint my Harefield conveyancing solicitor notwithstanding that they are not on the mortgage company panel of approved conveyancing solicitors?
One will need to instruct a conveyancing practitioner to complete the formalities when you require a mortgage to buy your property. They will conduct all the necessary investigations on the property, make sure that you’re registered as proprietor and ensure that all the necessary mortgage documentation is in order. You could select a Harefield conveyancing practitioner of your choosing. However, if the solicitor selected is not on the lender conveyancing panel further costs will be levied as separate legal representation will be need by the lender. Conveyancing panel applications may be submitted, so where your solicitor has not in the past applied for membership they should take the opportunity to apply.
My husband and I are only a couple days away from an exchange on a house in Harefield and my parents have sent the exchange deposit to my solicitor. I am now informed that as the deposit has been received from someone other than me my conveyancing practitioner needs to make a notification to my bank. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I informed the bank about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
The conveyancing practitioner is obliged to clarify with mortgage company to ensure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We note that you have a search directory identifying solicitors on the RBS conveyancing panel. Do firms pay you a commission if I retain them for our own conveyancing in Harefield?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Harefield.
This question may be naive but I am unexperienced as a first time buyer of a garden flat in Harefield. Do I receive the keys to the property on completion from my lawyer? If this is the case, I will use a High Street conveyancing solicitor in Harefield?
On the day of completion you will not be required to go to the conveyancers office in Harefield. Conveyancing lawyers for you will electronically transfer the purchase money to the owner’s lawyers, and shortly after the monies have arrived, you should be able to receive the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.
About to purchase maisonette in Harefield. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Harefield solicitor is on the Yorkshire BS conveyancing panel.
I was told four weeks ago that my mortgage has been agreed to by Clydesdale. Is it usual for Clydesdale to only issue the offer once my solicitor in Harefield is approved on their conveyancing panel? Clydesdale have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Clydesdale to deal with your lawyer's application to be on the Clydesdale conveyancing panel. There's no guarantee that your solicitor will be accepted.
Should I instruct a Harefield conveyancing solicitor who is local to the property I am buying? We have a good friend who can handle the legal formalities but her office is 400kilometers drive away.
The benefit of a high street Harefield conveyancing firm is that you can attend the office to sign paperwork, present your ID and apply pressure on them where appropriate. They will also have local insight which is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and they were happy that must outweigh using an unfamiliar Harefield conveyancing lawyer solely due to them being round the corner.