We are buying a flat and require a conveyancing solicitor in Shefford who is on the Nationwide conveyancing panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nationwide . We don't recommend any particular firms conducting conveyancing in Shefford.
My Conveyancer in Shefford is not on the National Westminster Bank Approved Panel. Can I still retain my family solicitor notwithstanding that they are excluded from the National Westminster Bank approved list?
Your options are as follows:
- Complete the purchase with your preferred Shefford solicitors but National Westminster Bank will need to use a conveyancer on their list of acceptable firms. This will result in additional overall legal fees and result in delays.
- Find an alternative solicitor to to deal with the purchase, obviously checking they are Convince your conveyancer to use their best endeavours to join the National Westminster Bank conveyancing panel
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Shefford?
There are many registered licenced Conveyancers in Shefford and Solicitor firms in Shefford to choose from It is important to make clear that both are regulated professionals specialising in the legal aspects of the home buying process. The two can conduct associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
When it comes to lenders such as HSBC, do Shefford solicitors have to pay a yearly amount to be on the conveyancing panel?
We are unaware of any lender fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
Is there a list of TSB panel conveyancers in Shefford on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such facility on the CML or Building Society Association sites. A small selection of banks make their panel listings available online. Where you are looking for a Shefford conveyancing practitioner on the TSB please use our tool.
I am purchasing a new build house in Shefford with a mortgage from Coventry Building Society. The sellers refused to budge the amount so I negotiated £7000 of additionals instead. The estate agent told me not reveal to my solicitor about the extras as it could impact my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
We are buying a three room apartmentin Shefford with a home loan from a bank. We would like to retain our lawyer in Shefford yet our mortgage company says he's not on their "panel". It seems we have little choice but to instruct from the our bank panel firms or keep our Shefford solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that our mortgage company use our Shefford lawyer?
No, not really. The bank home loan offered to you is subject to conditions, one of which will be that solicitors will on the lender's conveyancing panel. in the past, most mortgage companies had large numbers of law firms on their panels, including most conveyancing solicitors in Shefford : a mortgagee 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 solicitors to apply to be on the conveyancing panel for your bank.