We are buying a 3 bedroom apartment in West Ham with a mortgage. We wish to retain our West Ham solicitor, but the bank says she’s not on their "panel". We have to appoint one of the mortgage company panel firms or keep our West Ham solicitor as well as pay for one of their panel firms to act for them. We regard this is inequitable; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’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. Another option that might be available is for your West Ham conveyancing solicitor to apply to be on the conveyancing panel.
We wanted to use a conveyancing solicitor in West Ham for our home move. Our broker informed us that our mortgage lenders Coventry Building Society won't deal with them. Why is this not regarded as unfair competition?
Lenders ordinarily restrict either the category or the volume of conveyancing firms on their panel. A common example of such criteria being that a law practice must have two or more partners. As well as restricting the profile of firm, a few lenders have limited the amount of solicitor practices they allow to represent them. Be aware that Coventry Building Society have no responsibility for the quality of advice provided by any member of Coventry Building Society Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels since 2008 even though there are mixed opinions regarding the level of solicitor involvement in some of that fraud. Statistics from the Land Registry indicate that plenty of law firms, including some in or near West Ham only perform a couple conveyances per annum.
How do I locate a West Ham solicitor on the Halifax conveyancing panel? I drive a motor bike and am prepared to travel upto 20miles to meet the conveyancer.
You can use the tool on this website. Please select a lender and your location and you will see a number of West Ham conveyancing lawyers located nearest you. We have detailed some West Ham conveyancing firms towards the end of this page and you can call them to verify whether they are on the Halifax panel
My cousin has urged me to instruct his conveyancing solicitors in West Ham. Should I choose my own property lawyer?
There are no two ways about it it’s preferable to select a conveyancing practitioner is to get feedback from friends or relatives who have actually experience in using the conveyancer that you are contemplating using.
Are West Ham conveyancing solicitors duty bound by the Law Society to supply transparent conveyancing figures?
Contained within the Solicitors Code of Conduct are set rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be interpreted as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, constitute the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in West Ham or further afield.