I plan on acquiring a leasehold flat in South Brent. My lawyer is not on the mortgage company approved list. Can I still use my South Brent conveyancing solicitor even though they are not on the bank panel?
You have numerous options available to you here
- Complete the purchase with your existing South Brent conveyancing practitioner but your bank will no doubt retain a lawyer from their approved list. This will result in additional charges and probable interruption.
- Appoint a new property lawyer to conduct the conveyancing, making sure they are on the lender conveyancing panel.
- Convince your property lawyer to attempt to join the lender panel
We wanted to use a conveyancing solicitor in South Brent for our home move. Our broker has since advised us that our mortgage company HSBC Bank won't deal with them. Why is this not regarded as unfair competition?
Banks on the whole restrict either the type or the number of conveyancing solicitors on their panel. A common example of such criteria being that a law practice must have two or more partners. As well as restricting the type of firm, some have limited the amount of solicitor practices they permit to represent them. You should note that HSBC Bank have no responsibility for the quality of advice provided by any member of HSBC Bank Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of solicitor panels a few years ago even though there are differing views about the extent of solicitor engagement in some of that fraud. Statistics from the Land Registry indicate that thousands of law firms, including some in or near South Brent only execute one or two conveyances per annum.
I need some expedited conveyancing in South Brent as I am under a deadline to exchange contracts within one month. Luckily I do not require a mortgage. Can I escape the need for conveyancing searches to save money and time?
As you are are a mortgage free buyer you have the choice not to do searches although no law firm would recommend that you don't. Drawing on years of experience of conveyancing in South Brent the following are examples of issues that can appear and adversely impact market value: Enforcement Notices, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
About to purchase a new build apartment in South Brent. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in South Brent
Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please confirm the Lease plans are surveyor prepared.
I need to appoint a conveyancing solicitor for remortgage conveyancing in South Brent. I have chance upon a site which looks to be the ideal answer If there is a chance to get all this stuff done via phone that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?