Me and my fiance are acquiring a flat in Winterbourne. My Solicitor is not on the lender conveyancing panel. Can I still use my Winterbourne conveyancing solicitor notwithstanding that they are excluded from the bank panel of approved conveyancing solicitors?
Your options include
- Proceed with your chosen Winterbourne conveyancer but your mortgage company will undoubtedly instruct a conveyancing practitioner on their approved list. This will result in additional fees together with likely delay.
- Appoint a fresh conveyancer to act in the purchase, making sure they are on the lender conveyancing panel.
- Convince your property lawyer to pull out all the stops to join the bank’s panel of solicitors
My Winterbourne conveyancer has identified a difference when comparing the surveyor’s assumptions in the valuation report and what is in the title deeds. My lawyer has advised that he must ensure that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s course or action legitimate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I had intended to instruct a conveyancing solicitor in Winterbourne for our house move. Our financial adviser has since advised us that our bank Alliance & Leicester won't deal with them. Surely this is unfair competition?
A bank can insist on a panel conveyancer act for it. Borrowers are liable to meet the charges for this. Do use our tool to choose a solicitor to carry conveyancing in Winterbourne on the Alliance & Leicester member panel.
is it true that all Winterbourne solicitor practices on the Nationwide conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Nationwide conveyancing panel they would need to be overseen by the SRA. The majority of banks do allow licenced conveyancers on their panel in which case such firms would be governed by the Council of Licensed Conveyancers.
I'm in the process of viewing houses in Winterbourne and I am now considering a potential offer. Is it advisable to have my lawyer on ‘stand by’? I intend to finance via a home loan with Co-operative.
It would be advisable to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are taking out a mortgage with Co-operative, ask your prospective lawyers if they are on the Co-operative conveyancing panel otherwise they can't do the mortgage legal work.
After what seems like an age I have had an offer on an apartment in Winterbourne agreed to, but there is a chain. The sellers have offered on a flat, however it’s not been accepted yet, and have viewings of other flats booked. I have chosen a local conveyancing solicitor in Winterbourne. What should be my next step? When do I get the mortgage application with Coventry BS going?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of £1k, then valuation, Winterbourne conveyancing search charges, etc). The first thing to do is ensure that your solicitor is on the Coventry BS conveyancing panel. As to the next stages this very much dictated by the circumstances of your case, desire for this property and on the state of the market. During a rising market some buyers would apply for a home loan with Coventry BS and arrange for the valuation and only if it comes back ok would they request their conveyancer to press on with the conveyancing in Winterbourne.
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At this site receive an accurate quote via a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Winterbourne. Unlike many estate agents and many comparison sites we are not in the business of charging firms a fee if you choose them for your conveyancing in Winterbourne