My wife and I are buying a 3 bedroom apartment in Hyde with a mortgage. We would like to retain our Hyde conveyancer, however the mortgage company says she’s not on their "panel". We have to appoint one of the lender panel firms or continue with our Hyde lawyer and pay for one of their panel lawyers to represent them. We regard 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 bank’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 Hyde conveyancing solicitor to apply to be on the conveyancing panel.
We are a couple about to exchange contracts for a semi detached house in Hyde. We encountered a snag. The mortgage offer with Barclays runs out on 7/2/2025 but the owners are suggesting a completion date of 11/2/2025. Can one prolong the mortgage offer?
The best person to address this question is your solicitors who will determine if he or she is should be discussing with the mortgage broker, vendor’s representatives, selling agents or conceivably all three given the circumstances your conveyancing as of today.
We see that you have a search directory listing law firms on the Lloyds conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Hyde?
We are a listing service only for law firms wishing to communicate if they are on the Lloyds conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Hyde.
I am looking into buying my first house which is in Hyde and I am already nervous. I couldn't find anything specific about Hyde. Conveyancing will be needed in due course but do you know about the Hyde area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hyde. In the meantime here are some basic statistics that we found
Should I cancel my mortgage payments with Coventry BS once a completion date for my home sale in Hyde has been agreed?
No, you should continue paying any mortgage payments to Coventry BS until the mortgage is paid off from the proceeds of sale as part of your Hyde conveyancing.