My fiance and I are intent on acquiring a ground floor flat in Thorpe St Andrew. My Solicitor is not on the lender approved list. Am I still permitted to use my Thorpe St Andrew conveyancing solicitor even though they are excluded from the lender panel?
You have numerous options open to you here
- Proceed with your preferred Thorpe St Andrew conveyancing practitioner but your lender will no doubt instruct a property lawyer from their approved list. The net result is additional fees and likely interruption.
- Get a fresh conveyancing practitioner to conduct the conveyancing, obviously checking they are on the bank conveyancing panel.
- Convince your lawyer to apply to join the lender panel
Please help. My Thorpe St Andrew lawyer is informing me me that he is legally obliged toconduct Thorpe St Andrew conveyancing searches becausethe firm are on the HSBCsolicitor panel. These Thorpe St Andrew checks cost a lot of money can this be avoided?
You have limited options available to you. Given that you are taking out a loan with a lender your property lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancing practitioner would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the CML Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out Thorpe St Andrew conveyancing searches.
I have a decision in principle. The lender mentioned the loan came with free conveyancing. Is the implication that I have to use their panel lawyer as I would prefer to instruct a local conveyancing solicitor in Thorpe St Andrew?
Do check but the chances are that allocate you one of their panel solicitors if you take up the "fee-free" offer. Call the bank and check if they offer you a monetary alternative. Some lenders have previously offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Thorpe St Andrew.
In what way does the Landlord & Tenant Act 1954 impact my commercial offices in Thorpe St Andrew and how can you help?
The 1954 Act gives protection to commercial tenants, giving them the right to apply to court for a new tenancy and remain in occupation when the lease reaches an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Thorpe St Andrew is one of our hundreds of locations in which our lawyers are located
My fiance and I have just had an offer accepted on a property and had meeting on Tuesday with Nationwide for the mortgage. They have informed me that when it comes to selecting a property lawyer that unless they are on their approved panel of conveyancers then we will be subject to an a further charge of £200. This is because they would then have to instruct a property lawyer to act on their behalf as well as the one we appoint on our behalf and we will be on the hook for their costs. I have requested Nationwide to send me with a list so I can obtain quotes only from their approved solicitors but was told they dont have such a list to hand over. Is their an easier way of going about this?
You can enquire of Nationwide what their panel criteria is for a solicitor.Then ask the conveyancer of your choice whether they meet the criteria and have they acted on loans for Nationwide historically. Where the answer to those is yes, then just double check with Nationwide. Alternatively please make use of our search tool and we may be able to find you a conveyancer in Thorpe St Andrew on the panel for Nationwide.