Me and my partner are buying a 1 bedroom flat in Whiteley with a mortgage. We like our Whiteley conveyancer, however the lender says he's not on their "panel". We have to appoint one of the mortgage company panel firms or continue with our Whiteley property lawyer as well as pay for one of their panel lawyers to act for them. We feel that 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. A further alternative is for your Whiteley conveyancing solicitor to apply to be on the conveyancing panel.
Me and my partner are buying a house in Whiteley. I might seem paranoid but how we can trust a lawyer? At some point we have to send our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Please help - my lawyer says that missing deeds insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Whiteley?
The appropriate level of missing deeds indemnity insurance should be dictated by who who your lender is. It would differ for example between National Westminster Bank and Coventry Building Society. Conveyancing solicitors as opposed to borrowers take out such insurances.
After months of negotiation I have agreed a price on a house in Whiteley. My financial adviser pressured me to appoint their lawyer. I paid an upfront payment of £225. Soon after, the solicitor called me sheepishly admitting that they were not on the Clydesdale conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Clydesdale panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Over the last few months I have been searching for a ground for flat up to £305k and identified one near me in Whiteley I like with open areas and transport links nearby, however it only has 52 years unexpired on the lease. There is not much else in Whiteley in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the shortness of the lease will be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
I need to find a conveyancing solicitor for remortgage conveyancing in Whiteley. I have stumble upon a web site which looks to be the ideal offering If there is a chance to get all the legals completed via email that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have noted on a number of consumer advice websites that when selecting a conveyancing firm they need approved by your bank. It happens to be my first house move but I have an AIP via Birmingham Midhshires and I already have a local conveyancing solicitor in Whiteley in place. Can HSBC require an approved lawyer to be used? If so, where do I find that list for my conveyancing in Whiteley?
You should use a solicitor that is on the HSBC panel. Simply telephone your chosen Whiteley conveyancing solicitor to check if they are on the HSBC panel. If they are not on the panel you have numerous choices available to you here:
- Proceed with your existing Whiteley conveyancing practitioner but HSBC will no doubt appoint a conveyancer on their approved list. This will result in additional cost and probable interruption.
- Choose a fresh solicitor to conduct the conveyancing, not forgetting to check that they are on the HSBC conveyancing panel.
- Convince your lawyer to do everything possible to join the HSBC conveyancing panel.