Me and my partner are purchasing a 2 bedroom flat in Portishead with a mortgage. We wish to retain our Portishead conveyancer, however the mortgage company advise he's not on their "panel". It appears that we have little choice but to instruct one of the mortgage company panel firms or continue with our Portishead property lawyer as well as pay for one of their panel firms to represent them. This feels very unfair; are we not able to insist that the lender use our Portishead conveyancer ?
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. A further alternative is for your Portishead conveyancing solicitor to apply to be on the conveyancing panel.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Portishead?
There are many recorded licenced Conveyancers in Portishead and Solicitor partnerships in Portishead who provide Conveyancing services It is important to make clear that the two are regulated professionals specialising in the legal work in transferring property. They may both also handle other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Is there a list of Nottingham panel solicitors in Portishead on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the CML or Building Society Association sites. A small selection of banks make their panel listings viewable over the internet. Where you are seeking to appoint a Portishead solicitor on the Nottingham please make the most of our facility.
I am due to exchange contracts on my apartment. I had a double glazing fitted in June 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, RBS are being a right pain. The Portishead solicitor who is on the RBS conveyancing panel is recommending indemnity insurance as a solution but RBS are insisting on a building regulation certificate. Why do RBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that RBS have referred the matter to their valuer. The reason why RBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I have todaybecome aware that Stirling Law have been shut down. They conducted my conveyancing in Portishead for a purchase of a leasehold apartment 12 months ago. How can I check that the property is in my name in the name of the former proprietor?
The quickest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Portishead conveyancing specialists.
I opted to have a survey carried out on a house in Portishead ahead of retaining conveyancers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some banks tend not grant a loan on a flying freehold house.
It varies from the lender to lender. Santander has different instructions from Halifax. Should you wish to telephone us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Portishead. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Portishead to see if the conveyancing costs will increase in light of this.
Myself and my fiance have recently had an offer agreed on a property and had an appointment on Friday with the Post Office for the mortgage. They advised us that when it comes to selecting a property lawyer that unless they are on their approved panel of conveyancing practitioners then we will have to pay out a further charge of £250+. This is because they will then have to select a property lawyer to act for them in addition to the one we choose to act on our behalf and we will be on the hook for their invoice. I have requested the Post Office to send me with a list so I can request quotes only from their approved lawyers 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 the Post Office what their criteria for joining their panel is for a solicitor.Then ask the conveyancer of your choice whether they fit that criteria and have they acted on mortgages for the Post Office previously. If the answer to those is yes, then just double check with the Post Office. Alternatively please use our search tool and we may be able to find you a conveyancing practitioner in Portishead on the panel for the Post Office.