Much to our surprise we have been notified by our IFA that my Haslington the law firm I have appointed is not on the lender Conveyancing panel. What can I do to be sure that this is correct?
The first thing you need to do is to contact your Haslington lawyer directly. You lawyer should inform you what has happened. If they are not on the panel they may recommend you to a Haslington conveyancing practice that is on the conveyancing panel for your lender.
Does a directory service exist listing Nationwide panel solicitors in Haslington on the Building Society Association’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings open the public over the internet. If you are seeking to appoint a Haslington solicitor on the Nationwide please use our tool.
We expect to receive a DIP from RBS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do RBS recommend any Haslington solicitors on the RBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Haslington solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
The mortgage over my property is with Bank of Ireland for my property in Haslington. Conveyancing was finalised months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Bank of Ireland?
Your original mortgage agreement with Bank of Ireland will provide that you need their approval prior to letting out your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. It may be that Bank of Ireland will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Bank of Ireland directly. It should not be necessary to do this via a Bank of Ireland conveyancing panel lawyer.
Are there any apps to assist me to locate a Haslington law firm on the Norwich and Peterborough Building Society conveyancing panel? I have wheels and am happy to travel upto 20kilometers to meet the solicitor.
You can use the tool on this page. Please pick a lender and your location and you will see a number of Haslington conveyancing lawyers based on proximity. We have listed some Haslington conveyancing firms towards the end of this page and you can telephone them to verify if they are on the Norwich and Peterborough Building Society panel
Am I better off to instruct a Haslington conveyancing solicitor in close proximity to the house I am buying? I have an old university friend who can carry out the conveyancing but her office is 400miles away.
The benefit of a local Haslington conveyancing practice is that you can visit the firm to sign documents, hand in your ID and apply pressure on them if necessary. They will also have local insight which is a benefit. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and they were impressed that must surpass using an unfamiliar Haslington conveyancing lawyer just because they are round the corner.
My 20yr old son is embarking on her first house purchase, the home loan was agreed last week in principle. One the seller agreed the offer on the apartment we contacted the building society to progress the mortgage application. I was disappointed to hear that mortgage lenders do not accept all solicitor, they need to be on their approved list, is this correct?
Banks normally restrict either the type or the number of conveyancing solicitors on their panel. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Haslington property lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Unlikely.