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approved by West Bromwich Mtg Co
Ready to buy a new home? Failing to check that a lawyer is on the West Bromwich Mtg Co list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the West Bromwich Mortgage Company Conveyancing Panel? How can my firm be reinstated onto the West Bromwich Mortgage Company Conveyancing Panel?Find an Approved Solicitor on the West Bromwich Mortgage Company Conveyancing Panel
Frequently asked questions relating to the West Bromwich Mortgage Company Conveyancing Panel
I have just been informed by my mortgage broker that my lawyer is not on the West Bromwich Mortgage Company Conveyancing panel. What can I do to be certain that this is indeed the case?
The first thing you need to do is to contact your conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the the approved West Bromwich Mortgage Company solicitor panel.
Our solicitor has discovered a defect with the lease for the flat we are purchasing. The other side have suggested defective title insurance as a workaround. We are happy with insurance and will pay for it. Our lawyer has advised that as he is on the West Bromwich Mortgage Company conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or West Bromwich Mortgage Company?
Just because you have a mortgage offer from West Bromwich Mortgage Company does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and West Bromwich Mortgage Company are the client. These conveyancing instructions must be adhered to by the West Bromwich Mortgage Company conveyancing panel who has to balance acting for you and West Bromwich Mortgage Company
I am buying a property and need a conveyancing solicitor in London who is on the West Bromwich Mortgage Company solicitor. Can you recommend a local firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for West Bromwich Mortgage Company . We don’t recommend any particular firm.
I am considering applying for a West Bromwich Mortgage Company mortgage for purchase of a newly converted (under development) with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for West Bromwich Mortgage Company?
There is nothing to stop you using your solicitor but West Bromwich Mortgage Company will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Is it the case that all solicitor practices on the West Bromwich Mortgage Company conveyancing panel regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the West Bromwich Mortgage Company conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have telephoned West Bromwich Mortgage Company on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the West Bromwich Mortgage Company conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the West Bromwich Mortgage Company panel she or he must comply with the CML Handbook requirements for West Bromwich Mortgage Company. Unless your lawyer obtains specific confirmation in writing that West Bromwich Mortgage Company will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask West Bromwich Mortgage Company to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
West Bromwich Mortgage Company have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up West Bromwich Mortgage Company or your broker and complete any relevant paperwork. West Bromwich Mortgage Company will tell you what documents they want. West Bromwich Mortgage Company will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. West Bromwich Mortgage Company will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.