We are buying a 2 bedroom flat in Tewkesbury with a mortgage. We wish to retain our Tewkesbury lawyer, but the bank advise he's not on their "panel". It seems we have little choice but to use one of the mortgage company panel conveyancing practices or continue with our Tewkesbury solicitor as well as pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders 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. A further alternative is for your Tewkesbury conveyancing solicitor to apply to be on the conveyancing panel.
Can I use your services to locate a Conveyancing solicitor in Tewkesbury even if I’m not buying or selling a house, for instance if I intend to acquire an office in Tewkesbury with a loan from Accord Mortgages Ltd?
The service is predominantly used to locate residential conveyancing solicitors in Tewkesbury but we have listed at the bottom of this page a selection of Tewkesbury commercial conveyancing firms. You will need to speak with the firm directly to check if they are also authorised to represent Accord Mortgages Ltd
We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would prefer to use a Tewkesbury based conveyancing firm?
Do check but the chances are that appoint one of their panel solicitors where you want the "fee-free" offer. Call the mortgage company to explore if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor in Tewkesbury.
I am buying my first flat in Tewkesbury with a loan from The Royal Bank of Scotland. The sellers refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not inform my conveyancer about the deal as it would put at risk my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
How simple is it to switch firm as I have to instruct one who is on the Leeds Building Society conveyancing list. I instructed a family conveyancing solicitor in Tewkesbury five minutes from me but he is not approved by Leeds Building Society
It would be our pleasure to assist you select a conveyancing solicitor in Tewkesbury on the Leeds Building Society panel. Please note that the conveyancers that we on the directory do not pay us a referral fee if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Tewkesbury. In making use of the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Tewkesbury.