My lawyer in Loxford has never been on on the Bank of Ireland Solicitor Panel. Can I still continue with my family solicitor notwithstanding that they are not on the Bank of Ireland panel?
Your options are as follows:
- Complete the purchase with your preferred Loxford lawyers but Bank of Ireland will need to instruct a conveyancer on their panel. This will inevitably rack up the total conveyancing fees and cause frustration.
- Find a new solicitor to act in the purchase, obviously checking they are Persuade your conveyancer to use their best endeavours to join the Bank of Ireland conveyancing panel
I note that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when acquiring a residence in Loxford? or I am told that there is historic law that could mean that house owners residing in a parish church boundary will be compelled to pay for repairs towards the chancel within the church. Is this relevant for conveyancing in Loxford?
Unless a prior purchase of the premises took place after 12 October 2013 you can assume that conveyancing practitioners carrying out conveyancing in Loxford to continue to propose a a chancel search and or chancel repair liability insurance.
I decided to have a survey completed on a property in Loxford prior to appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies will refuse to issue a mortgage on this type of premises.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. If you contact us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Loxford. Conveyancing will be smoother if you use a solicitor in Loxford especially if they are familiar with such properties in Loxford.
What tools are available to locate a Loxford law firm on the Nottingham Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 25kilometers to meet the solicitor.
Feel free to make use of the facility on this page. Please select a bank and your location and you will see a number of Loxford conveyancing lawyers locally. We have listed some Loxford conveyancing firms towards the end of this page and you can telephone them to see whether they are on the Nottingham Building Society approved list
My wife and I are purchasing a ground floor flat in Loxford. At the point of instructing our conveyancing practitioner, we were told they were on all major UK bank panels. Our mortgage broker contacted us today to say that they don't appear to be on the Yorkshire BS approved list. Were it to be true, what should we do? Should we simply choose a different conveyancer that is on their panel or do we pay for separate representation, with Yorkshire BS selecting their own preferred solicitor.
Where you are buying a property with the assistance of a mortgage it is usual for the purchaser’s lawyers to also act for the purchaser's lender. In order to act for a bank or building society a solicitor has to be on that lender's conveyancing panel. An application has to be made by the property lawyer to the lender to become a member of the lender's panel and there are increasingly strict criteria which the solicitor has to meet. Some banks now insist their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact Yorkshire BS to discover 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 don't have to instruct a firm on Yorkshire BS's conveyancing panel and you may continue to use your own Loxford solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.