I am getting a mortgage offer from Lloyds. I would like to instruct a Licensed Conveyancer in Longton. Does the Lloyds Conveyancing panel allow for conveyancers regulated by the CLC?
The Lloyds approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
My property lawyer in Longton has never been on on the National Westminster Bank Approved Panel. Can I still use my family solicitor notwithstanding that they are not on the National Westminster Bank panel?
The limited options open to you here include:
- Complete the purchase with your preferred Longton solicitors but National Westminster Bank will need to instruct a conveyancer on their list of acceptable firms. This will result in additional overall conveyancing fees as well as result in frustration.
- Get a new solicitor to to deal with the purchase, obviously checking they are National Westminster Bank approved.
- Persuade your National Westminster Bank solicitor to attempt to join the National Westminster Bank panel
I need some expedited conveyancing in Longton as I have pressure to sign on the dotted line in less than 2 weeks. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are not obtaining a home loan you are at liberty not to do searches although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Longton the following are examples of what can arise and therefore impact the marketability of the property: Refused Planning Applications, Outstanding Charges, Overdue Grants, Road Schemes,...
How does conveyancing in Longton differ for newly converted properties?
Most buyers of new build property in Longton approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is completed. This is because new home sellers in Longton usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Longton or who has acted in the same development.
Myself and my husband have just had an offer agreed on a flat and had meeting on Tuesday with HSBC for the mortgage. They have informed me that when it comes to choosing a conveyancer that if they are not on their approved panel of solicitors then we will be subject to an an additional fee of about two hundred pounds. This is is due to the fact that they will then have to appoint a solicitor to act for them as well as the one we appoint on our behalf and we will be on the hook for their fees. I have requested HSBC to send me with a list so I can request quotes only from their approved solicitors but was told they dont have such a list to hand over. Is their an easier way of going about this?
You can enquire of HSBC what their panel criteria is for a conveyancer.Thereafter ask the solicitor of your choice whether they fit that criteria and have they acted on loans for HSBC in the past. Where the answer to those is yes, then just clarify this with HSBC. Another option is to make use of our search facility and we may be able to identify a conveyancing practitioner in Longton on the approved list for HSBC.