My husband and I are planning to purchase a home in Kings Heath and are in fact using a Kings Heath conveyancing firm. Within the past 48 hours our solicitor has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Coventry Building Society have this afternoon contacted us to inform me that there is now an issue as our Kings Heath lawyer is not on their conveyancing panel. Is this a problem?
If you are buying a property with the assistance of a mortgage it is standard for the purchasers' lawyers to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel as you are at liberty to use your preferred Kings Heath lawyers, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
We hope to to buy with Darlington Building Society. I called into a couple of high street firms yet am unable to find a Kings Heath conveyancing firm on the Darlington Building Society panel. Can you assist?
You should take advantage of the search tool on this web page. Please choose the lender and type Kings Heath or your location and you will be presented with a number of lawyer offices in Kings Heath or near you.
I opted to have a survey completed on a property in Kings Heath ahead of appointing lawyers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some lenders will refuse to issue a loan on a flying freehold home.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. Should you wish to telephone us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Kings Heath. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kings Heath to see if the conveyancing costs will increase in light of this.
How easy is it to use the search tool to locate a conveyancing solicitor in Kings Heath on the panel for my mortgage?
Step one is to choose a lender such as Yorkshire Building Society, Bank of Scotland or Barclays Direct then specify your location such as Kings Heath. Conveyancing organisations in Kings Heath and nationally should be identified.
Whilst your website is a good idea there are many lawyers listed near Kings Heath being on the bank conveyancing panel. Can you recommend a specific firm on the lender approved panel?
We are not in the business of recommending one firm above another as the right Kings Heath conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Kings Heath knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..