we are a couple who are purchasing a newbuild flat in Stepney with a loan from Clydesdale.We would like to retain our Stepney conveyancing solicitor but Clydesdale informed us his firm is not listed on their approved list of member firms. we are left little option but to use a Clydesdale panel solicitor or keep our preferred solicitor and fork out for a Clydesdale panel lawyer to represent them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that solicitors needs to be on the Clydesdale solicitor panel. in the past, most mortgage companies 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. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Clydesdale
What is the difference between a licensed conveyancer and conveyancing solicitor in Stepney
There are many recorded licenced Conveyancers in Stepney and Solicitor partnerships in Stepney to choose from We would stress that both are regulated professionals specialising in the legal aspects of the home buying process. They may both also conduct other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I am currently in the process of buying my council flat in Stepney. I have a mortgage agreed with Yorkshire BS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Yorkshire BS, you will need to appoint a solicitor on the Yorkshire BS conveyancing panel.
About to purchase apartment in Stepney. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Stepney solicitor is on the Yorkshire BS conveyancing panel.
Over the last few months I have been searching for a flat up to £235,500 and found one round the corner in Stepney I like with amenity areas and transport links in the vicinity, the downside is that it only has 61 years on the lease. I can't really find anything else in Stepney in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the remaining unexpired lease term will be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
How difficult is it to change firm as I have to instruct a firm on the Alliance & Leicester conveyancing list. I instructed a local conveyancing solicitor in Stepney five minutes from me but he is not accepted by Alliance & Leicester
It would be our pleasure to help you find a conveyancing solicitor in Stepney on the Alliance & Leicester panel. Please note that the property lawyers that we on the directory do not pay us a referral fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Stepney. Using the find a conveyancing solicitor tool on this site, you can contrast charges for conveyancing solicitors in Stepney and beyond.
As co-executor for the will of my aunt I am selling a residence in Cardiff but I am based in Stepney. My solicitor (based 260 miles from meneeds me to sign a stat dec before completion. Could you suggest a conveyancing solicitor in Stepney who can witness this legal document for me?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are based in Stepney