A loan offer from HSBC for the refinancing of my 4 room apartment is due imminently. Can you recommend a low cost conveyancing lawyer in Southampton?
This site is not designed to aid those in their quest for a cheap conveyancing solicitors in Southampton. Our goal is to offer cost effective conveyancing but our intention is not to work with the cheapest lawyers. Avoid the trap of appointing organisations offering ninety nine pound conveyancing in Southampton. In your best case scenario, in being led by cheap conveyancing, you will get your money’s worth and at worst it will result in you being stung for additional fees and still not end up with the service expected.
How up to date is your search tool for Southampton conveyancing solicitors on the HSBC conveyancing panel? Do HSBC send you an updated list?
Southampton conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
When it comes to lenders such as Yorkshire BS, do Southampton solicitors have to pay a yearly amount to be on the list of approved solicitors?
We are unaware of any mortgage company fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Southampton building society branch on numerous occasions and was informed it wasn't a problem and they will lend. My Southampton conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they will not lend in accordance with their specific requirements. Who do I believe?
Provided that the conveyancing practitioner is on the bank panel, she or he must follow the Council of Mortgage Lenders’ Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I was told four weeks ago that my mortgage has been agreed to by HSBC. Is it usual for HSBC to only issue the offer once my solicitor in Southampton is approved on their conveyancing panel? HSBC have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for HSBC to deal with your lawyer's application to be on the HSBC conveyancing panel. There's no guarantee that your solicitor will be accepted.
How simple is it to use your search tool to locate a conveyancing solicitor in Southampton on the authorised to act for my lender?
Step one is to choose a mortgage company such as Halifax, Norwich and Peterborough Building Society or Barclays Direct then type in your location a common one being Southampton. Conveyancing organisations in Southampton and nationally will then be listed.
My mortgage broker has suggested using their conveyancing practitioner for our conveyancing in Southampton - Is it not simpler advisable to just use them?
You need to establish if the estate agent is recommending a lawyer or introducing to a property lawyer. There are plenty of Southampton selling agents who recommend two or three Southampton conveyancing firms and get nothing from it.