We note that you have a post code search directory listing law firms on the Virgin Money conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Bognor Regis?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bognor Regis.
Me and my partner are purchasing a flat in Bognor Regis. It might be a silly question but how we can trust a lawyer? On completion day we will need to send funds into their account. What is the protection we have from them run away with our money?
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.
Are all Bognor Regis Conveyancing Quality Solicitors on the Principality conveyancing panel?
A selection of banks and building societies now make use of the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.
After weeks of negotiation I have agreed a price on a house in Bognor Regis. My mortgage broker suggested a conveyancing practitioner. I paid an on account payment of £150. Soon after, the property lawyer called me embarrassingly acknowledging that they were not on the HSBC 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 HSBC 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.
The deeds to my house can not be found. The conveyancers who handled the conveyancing in Bognor Regis 10 years ago have long since closed. What are my options?
In today’s world there are duplicates made of almost everything, and your lawyer should know precisely where to locate all the appropriate documentation so you may buy or sell your property without any difficulty. If copies can’t be found, your lawyer may be able to put in place insurance or indemnities against possible claims on your property.
I am purchasing a new build house in Bognor Regis with the aid of help to buy. The sellers refused to budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative suggested that I not reveal to my conveyancer about this side-deal as it may put at risk my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Me and my wife have just had an offer agreed on a flat and had an appointment on Monday with HSBC for the mortgage. They warned us that when it comes to choosing a solicitor that unless they are on their approved list of conveyancing practitioners then we will incur an extra fee of £250+. This is is due to the fact that they will then have to appoint a property lawyer to act on their behalf as well as the one we appoint for ourselves and we are liable for their costs. I have requested HSBC to provide me with a list so I can seek quotes only from their approved conveyancers but was told they dont have such a list to hand over. Is there a simple way of finding out who is on a lender panel?
You can enquire of HSBC what their panel criteria is for a solicitor.Then ask the property lawyer of your choice whether they fit that criteria and have they acted on loans for HSBC historically. If the answer to those is yes, then just clarify this with HSBC. Another option is to use our search facility and we may be able to identify a conveyancing practitioner in Bognor Regis on the approved list for HSBC.