My husband and I are buying a 2 bedroom apartment in Loughton with a mortgage. We like our Loughton conveyancer, however the bank says she’s not on their "panel". It appears that we have little option but to select one of the bank panel solicitors or retain our Loughton lawyer as well as pay for one of their panel lawyers to represent them. We feel that this is unjust; are we not able to insist that the lender use our Loughton lawyer ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’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. A further alternative is for your Loughton conveyancing lawyer to apply to be on the conveyancing panel.
After looking at online forums for a high-quality solicitor in Loughton, most post that I should instruct a CQS kitemarked lawyer. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in home moving process, trusted by some of the UK's leading mortgage companies. Four years ago the Conveyancing Quality Scheme was officially recognised by the Legal Ombudsman. The scheme does not cover licenced conveyancers. Loughton is one of the numerous areas of the UK where there are Accredited solicitors.
I happen to be the only recipient of my late grandmother’s estate with all property in now in my sole name, including the my former home in Loughton. The Loughton property was put into my name in February. I now wish to sell up. I do know about the CML 6 month 'rule', meaning my proprietorship will be treated the same way as if I'd bought the house in February. Do I have to wait half a year to sell?
The CML handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. Most banks would take a practical view as this requirement chiefly exists to capture subsales or the quick reselling of property.
Is it the case that all Loughton solicitor practices on the Santander conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Santander approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. The majority of mortgage companies do list licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers.
I am currently in the process of buying my council flat in Loughton. I have a mortgage agreed with Skipton. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
We are buying a property and the lawyer has referenced Chancel Repair to which the property may be obligated to contribute to as it falls into the area of such a church. She has mentioned insurance. Is this really warranted for conveyancing in Loughton
Unless a prior acquisition of the house took place after 12 October 2013 you can expect lawyers delivering conveyancing in Loughton to remain recommending a chancel search and or insurance against a claim.
I am looking to sell my home. My previous lawyers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Loughton if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in Loughton. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.