Me and my fiance are buying a 2 bedroom apartment in Kings Norton with a mortgage. We have a Kings Norton conveyancer, but the lender says she’s not on their "panel". It seems we have no choice but to select one of the bank panel conveyancing practices or keep our Kings Norton property lawyer and pay for one of their panel lawyers to act for them. We regard this is inequitable; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Kings Norton conveyancing solicitor to apply to be on the conveyancing panel.
I used Action Conveyancing several years ago for my conveyancing in Kings Norton. Now, I need the documents but the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Kings Norton of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying a new build house in Kings Norton benefiting from help to buy. The sellers refused to reduce the amount so I negotiated £7000 of additionals instead. The property agent told me not inform my lawyer about this extras as it could adversely affect my loan with Coventry Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the input of my in-laws I had a survey completed on a property in Kings Norton prior to instructing lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies will refuse to issue a loan on a flying freehold premises.
It varies from the lender to lender. HSBC has different instructions from Halifax. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Kings Norton. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it possible to switch firm as I need to find one who is on the Aldermore conveyancing list. I had appointed a high street conveyancing solicitor in Kings Norton five minutes from me but she is not accepted by Aldermore
We will our best to assist in finding you a conveyancing solicitor in Kings Norton on the Aldermore panel. Please note that the solicitors that we on the directory do not pay us a referral fee if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Kings Norton. In utilising search facility on this website, you can contrast fees for conveyancing solicitors in Kings Norton and throughout England and Wales.