How up to date is your database of Thornaby solicitors on the HSBC conveyancing panel? Do HSBC send you an updated list?
Thornaby 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.
We previously instructed solicitors locally in Thornaby on the Bank of Ireland solicitor panel. They have just billed me an additional sum for dealing with the Bank of Ireland mortgage. Is this an additional conveyancing fee set by Bank of Ireland?
As unfair as it may seem, as long as it’s in their Terms and Conditions or estimate then yes your solicitor may charge a fee for this. This charge is not set by Bank of Ireland but by your Thornaby conveyancer. Numerous firms on the Bank of Ireland panel will quote ’dealing with mortgage’ fee and others do not.
I am expecting a DIP from HSBC this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do HSBC recommend any Thornaby solicitors on the HSBC conveyancing panel, or is it better to go independently?
You will need to appoint Thornaby solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
My offer was accepted on an apartment in Thornaby on 16/3/2021, valuation was booked 4 days later, all came back fine. Conveyancer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Coventry BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Coventry BS conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Coventry BS to deal with your lawyer's application to be on the Coventry BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I require expedited conveyancing in Thornaby as I am under an ultimatum to exchange contracts in less than one month. Fortunately I do not need a mortgage. Can I decline from having 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 lawyer would recommend that you don't. With plenty of history conveyancing in Thornaby the following are instances of issues that can show up and adversely affect future saleability: Enforcement Actions, Outstanding Fees, Overdue Grants, Unadopted Roads,...
I have been on the look out for a leasehold apartment up to £235,500 and found one close by in Thornaby I like with open areas and railway links nearby, however it only has 52 years on the lease. There is not much else in Thornaby in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
We are a couple of weeks into a residential purchase having been recommend to a firm by the estate agent to handle our conveyancing in Thornaby. I am am extremely disappointed with the level of service. Could you you assist me in finding new conveyancers?
They would have to be very bad in order to consider changing them. Has your loan offer been issued? If so you must inform them of the new contact details and have the loan are issued to the new lawyers. Your solicitor ideally needs to be on the mortgage company panel to avoid escalating fees and frustration. That should be your first question of the new lawyers. The find a solicitor tool can assist you in finding a lender approved solicitor for your home move in Thornaby