Am I correct in assuming that the fact that my solicitor in Aston Clinton is not identified on my lender's solicitor panel that there is a problem with the quality of the firm’s conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Aston Clinton conveyancing firm and enquire why they are no longer on the approved list for your mortgage company.
I am considering applying for a UBS mortgage for purchase of a newly converted (under development) in Aston Clinton with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for UBS ?
In theory, you could use a solicitor that is not on the UBS conveyancing panel, but UBS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
There are numerous conveyancing solicitors in Aston Clinton but how do I know who I should use?
We would encourage you not to base your choice on the lowest Aston Clinton conveyancing costs illustration. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
We had instructed conveyancers located in Aston Clinton on the Virgin Money solicitor panel. They have just invoiced me a supplemental charge for handling the Virgin Money mortgage. Is this an additional conveyancing fee set by Virgin Money?
Provided it is contained in their Terms and Conditions or Quote then yes your property lawyer is entitled to charge a fee for this. The fee is not dictated by Virgin Money but by your Aston Clinton property lawyer. Plenty of firms on the Virgin Money panel will levy ’dealing with mortgage’ fee but many practices incorporate it on their overall fee.
After shopping around on the internet I have found a Aston Clinton property lawyer having checked that they are on the Nottingham conveyancing panel. Does my lawyer arrange the survey of the property?
Nottingham will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nottingham will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Aston Clinton postcode. As you are getting a mortgage with Nottingham, you could contact them to see if they have a list of approved surveyors in Aston Clinton.
I am looking for a leasehold apartment up to £235,500 and identified one close by in Aston Clinton I like with a park and railway links in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Aston Clinton for this price, so just wondered if I would be making a mistake buying a short lease?
Should you require a mortgage the remaining unexpired lease term may be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
I need to instruct a conveyancing solicitor for purchase conveyancing in Aston Clinton. I happened to chance upon a site which seems to have the perfect solution If it is possible to get all this stuff completed via web that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have been Googling for Aston Clinton conveyancing quotes online. Can I be assured that all the Aston Clinton practices that are identified on your site are on the mortgage company conveyancing panel?
The law firms on our directory have advised us that they are on the bank panel and agreed to advise us to take down their listing in the event of removal off of the mortgage company panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Aston Clinton conveyancing solicitor being on the mortgage company conveyancing panel is incorrect.