I can't travel far from Shirehampton. I would like to know the understand why all Shirehampton conveyancers aren't included on all lender panels?
Even though it may seem unfair for lenders to limit who can act for them, from the public’s or lawyer’s perspective, the other side of the coin is that mortgage companies are increasingly anxious and regard it imperative to defend themselves from illegal activities. As a result of this concern mortgage companies are limiting their conveyancing panel to a size that they are happy to control.
My solicitor has uncovered a a legal deficiency with the lease for the flat we are buying in Shirehampton. The other side have suggested defective title insurance as a solution. We are content with insurance and will cover the costs. Our solicitor says that he must check that the lender is content with this solution. Are we the client or is the bank?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the mortgage company are the client. These conveyancing instructions have to be complied with.
My wife and I have recently appointed a conveyancing solicitor in Shirehampton. I I would like to check if they are on the HSBC Bank conveyancing panel. Could you or the lender confirm if they are on the panel?
The first thing to do is phone the solicitor and enquire whether they can act for the bank. Otherwise you should get in touch with HSBC Bank who may be able to confirm.
How does conveyancing in Shirehampton differ for new build properties?
Most buyers of new build residence in Shirehampton come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is built. This is because house builders in Shirehampton typically purchase the land, 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 used to new build conveyancing in Shirehampton or who has acted in the same development.
I am selling my house. My past solicitors has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Shirehampton if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Shirehampton. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.