I plan on buying a flat in Wooburn Green. My property lawyer is not on the bank approved list. Can I still use my Wooburn Green conveyancing solicitor notwithstanding that they are not on the mortgage company panel?
One will need to instruct a solicitor to deal with the legal work required if you require a mortgage to buy your home. They will conduct all the essential due diligence on the property, make sure that you will be properly registered as the owner and ensure that all the required mortgage documentation is in place. One may select a Wooburn Green lawyer of your choosing. However, if the conveyancer selected is not a member of the lender solicitor panel supplemental charges will be levied as separate legal representation will be need by the bank. Lender panel applications can be submitted, so provided your lawyer has not previously sought membership they can do so.
We are buying a newbuild flat in Wooburn Green with a loan from Barnsley Building Society.We use our Wooburn Green conveyancing lawyer but Barnsley Building Society informed us his firm is not on their "panel". We have to appoint a Barnsley Building Society panel lawyer or keep our high street solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; Can we not simply insist that Barnsley Building Society use our lawyer?
Unfortunately,no. The mortgage issued to you contains various provisions, one of which will be that lawyers needs to be on the Barnsley Building Society solicitor panel. in the past, most mortgage companies had large numbers of solicitors 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. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Barnsley Building Society
When it comes to mortgage companies such as Coventry BS, do Wooburn Green conveyancers face a fee to be on the list of approved solicitors?
We are unaware of any lender fees to register on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
I recently had an offer accepted on an apartment in Wooburn Green. My mortgage broker suggested a conveyancer. I paid an on account payment of £150. Not long after, the property lawyer contacted me embarrassingly acknowledging that they were not on the Principality 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 Principality 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.
Kent Reliance have agreed my home loan in principle, my offer on a apartment in Wooburn Green has been agreed to, now what?
Your estate agent will wish to be informed of your solicitor's details (be sure the conveyancing practitioners are on the bank’s approved list). Contact Kent Reliance or the financial adviser and finish off any appropriate forms. Kent Reliance will sellect a valuer who will get in contact with the estate agent or seller to schedule a slot for the valuation to take place. Once conducted (assuming no problems) it takes on average a fortnight to get a mortgage offer. Kent Reliance will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Wooburn Green.
It has been 2 months since my purchase conveyancing in Wooburn Green completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How simple is it to change solicitor as I have to retain a firm on the Clydesdale conveyancing list. I was using a local conveyancing solicitor in Wooburn Green round the corner but she is not approved by Clydesdale
We will our best to assist in finding you a conveyancing solicitor in Wooburn Green on the Clydesdale panel. Please note that the property lawyers that we work with do not pay us a referral fee if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Wooburn Green. In making use of search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Wooburn Green.