My wife and I are purchasing a 2 bedroom flat in Keswick with a mortgage. We would like to retain our Keswick conveyancer, but the mortgage company advise he's not on their "panel". We have to appoint one of the lender panel conveyancing practices or continue with our Keswick solicitor and pay for one of their panel lawyers to represent them. This feels very unfair; can we not demand that the mortgage company use our Keswick property lawyer ?
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 lender’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 Keswick conveyancing solicitor to apply to be on the conveyancing panel.
My wife and I are purchasing a new build duplex in Keswick and my lawyer is advising me that she is duty bound to the mortgage company to disclose incentives from the seller. I am on a tight deadline to sign contracts and I would rather not prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We are looking to buy a flat and require a conveyancing solicitor in Keswick who is on the Clydesdale solicitor panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Clydesdale . We don't recommend any particular firms conducting conveyancing in Keswick.
My husband and I are new on the property ladder - had an offer accepted, yet the agent told us that the owners will only issue a contract if we appoint their chosen lawyers as they are insisting on a ‘quick sale’. We would rather use a family solicitor who is familiar with conveyancing in Keswick
It is improbable the owners are behind this. Should the seller desire ‘a quick sale', alienating a genuine purchaser is likely to cause more damage than good. Bypass the agents and go straight to the sellers and make the point that (a)you are keen to buy (b)you are ready to progress, with finances in place © you are unencumbered (d) you wish to move quickly (e)but you will continue to instruct your preferred Keswick conveyancing firm - as opposed tothose that will provide the estate agent a kickback or achieve conveyancing thresholds set by HQ.
How up-to-date is your database of lawyers on the mortgage company conveyancing panel in Keswick? Do the lenders send you an updated list?
Keswick law firm practices and firms carrying out conveyancing in Keswick themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the mortgage company directly.