My partner and I are planning to purchase a property in Midsomer Norton and are in fact using a Midsomer Norton conveyancing firm. Within the past 48 hours our property lawyer has sent a preliminary report and documents to look through with a view to exchanging next week. Clydesdale have this morning contacted us to advise us that they have now hit a problem as our Midsomer Norton solicitor is not on their conveyancing panel. What do we do from here?
Where you are buying a property needing a mortgage it is conventional for the purchasers' lawyers to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the bank's conveyancing panel as you are at liberty to use your preferred Midsomer Norton lawyers, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
Our conveyancer has discovered a a problem with the lease for the flat we are buying in Midsomer Norton. The other side have put forward title insurance as a solution. We are content with insurance and will pay for it. Our conveyancer says that he must be satisfied that the bank is happy with this solution. Who is the client here, us or the mortgage company ?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the lender are the client. The appropriate lender conditions have to be complied with.
Do all mortgage companies provide you with an approved list of Midsomer Norton conveyancing solicitors? How do you know who is on the HSBC conveyancing panel?
Midsomer Norton conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
My company is planning to lease a unit on the high street. Can you recommend solicitors offering fixed fees for commercial conveyancing in Midsomer Norton for less than 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Midsomer Norton, including the sale and acquisition of businesses as well as simply premises. Whether you are looking to buy or dispose of a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right lawyer. Regarding the costs this will depend on the structure and nuances of the proposed transaction. Please provide us with your contact information or phone so as to enable us to provide you with a fixed commercial conveyancing calculation.
In my capacity as executor for the estate of my grandfather I am disposing of a residence in Cardiff but live in Midsomer Norton. My lawyer (approximately 250 miles awayneeds me to execute a statutory declaration ahead of completion. Could you suggest a conveyancing lawyer in Midsomer Norton to attest this legal document for me?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are located in Midsomer Norton