I am acquiring property in Highcliffe. My lawyer has never been on on the lender conveyancing list. Am I still permitted to use my Highcliffe conveyancing solicitor even though they are excluded from the mortgage company approved list?
One must use a conveyancing practitioner to complete the formalities when you take out a loan to buy your home. They will conduct all the appropriate legal checks on the property, make sure that you’re registered as proprietor and ensure that all the required mortgage paperwork is dealt with. You can select a Highcliffe conveyancer of your choice. However, where the property lawyer selected is not a member of the mortgage company solicitor panel additional charges will be levied as separate legal representation will be need by the lender. Bank panel applications can be submitted, so provided your conveyancer has not previously applied for membership they should take the opportunity to apply.
I am considering applying for a Principality mortgage for purchase of a new build (under development) in Highcliffe with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Principality ?
There is nothing to stop you using your solicitor, but Principality will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
We are purchasing a victorian detached house in Highcliffe. The intention is to carry out an extension to the side at the house.Will the conveyancing process include investigations to determine if these works were previously refused?
Your solicitor will check the registered title as conveyancing in Highcliffe will on occasion identify restrictions in the title documents which restrict certain changes or need the permission of a 3rd party. Many extensions require local authority planning consent and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor ahead of any purchase.
Is it the case that all Highcliffe conveyancing solicitors on the Leeds Building Society conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Leeds Building Society approved list of solicitors they would need to be regulated by the SRA. The majority of mortgage companies do permit licenced conveyancers on their panel in which case such firms would be overseen by the Council of Licensed Conveyancers.
My offer was accepted on a property in Highcliffe on 12/12/2024, valuation was booked five days after, all came back fine. Property lawyer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to RBS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the RBS conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for RBS to deal with your lawyer's application to be on the RBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Should I be concerned by brokers that I am dealing with are recommending a factory type conveyancing firm rather than a High Street Highcliffe conveyancing practice?
As is the case with lots of service providers, often recommendations from connections can be extremely useful or valuable. Yet there are lots of players in a conveyancing matter; estate agents, mortgage brokers and mortgage companies might all recommend conveyancers to use. Sometimes these solicitors might be known to one of the organisations as being good in their field, but occasionally there may be a financial incentive behind the recommendation. You are free to choose your own lawyer. Don't forget that many lenders specify a panel list of law firms you must use for the mortgage aspect of your home move.
My husband and I are 18 days into a freehold purchase having been referred to conveyancers by the high street agent to do our conveyancing in Highcliffe. We are not happy. Could you help me find new conveyancers?
They would have to be very bad in order to consider diss instructing them. Has the mortgage offer been generated? If so you need to inform them of the replacement conveyancer and have the loan are issued to the new lawyers. Your conveyancer should be on the lenders approved list to avoid added expenses and complications. That should be your starting point. Our search tool can assist you in finding a bank approved lawyer for your conveyancing in Highcliffe