Our conveyancer has discovered a defect with the lease for the property we are buying in Beaufort. The seller’s lawyers have offered defective title insurance as a workaround. We are content with insurance and will pay for it. Our conveyancing practitioner has advised that he must ensure that the lender is happy with this solution. Who is the client here, us or the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook conditions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Can your site be used to locate a Conveyancing solicitor in Beaufort even if I’m not purchasing or selling a house, for example if I intend to acquire an office in Beaufort with a loan from Clydesdale?
Our search tool is primarily there to locate residential conveyancing solicitors in Beaufort but we have recorded at the end of this page a selection of Beaufort commercial conveyancing firms. You will need to speak with the solicitors directly to establish if they can also act for Clydesdale
My husband and I are hoping to buy a 3 bedroom flat in Beaufort with a homeloan from Barnsley Building Society.We like our Beaufort conveyancing practitioner but Barnsley Building Society advised that his firm is not listed on their "panel". It seems we are left with no choice but to instruct a Barnsley Building Society panel firm or keep our preferred solicitor and pay for a Barnsley Building Society panel lawyer to represent them. This seems very unfair; is there anything we can do?
No, not really. The home loan issued to you is subject to its various provisions, one of which will be that conveyancers must be on the Barnsley Building Society approved list. 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
I have been told by my solicitor that absentee landlord insurance is needed on my purchase. What is the level of cover for Beaufort conveyancing?
The right level of absentee landlord indemnity insurance should be dictated by who who your lender is. It would differ for example between Birmingham Midshires and The Royal Bank of Scotland. Conveyancing practitioners as opposed to members of the public take out such policies.
Is it the case that all Beaufort CQS (Conveyancing Quality Scheme) solicitors are on the Nottingham conveyancing list of approved firms?
It is true that some lenders now make use of CQS as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their panels.
Clydesdale have agreed my home loan in principle, my offer on a apartment in Beaufort has been agreed to, what are the next steps?
Your property agent will wish to know who your solicitors are (make sure the lawyers are on the lender’s panel). Contact Clydesdale or your broker and finalise any appropriate documentation. Clydesdale will sellect a valuer who will get in contact with the selling agent or seller to arrange an appointment. Once carried out (assuming no problems) it takes approximately a fortnight to receive the mortgage offer. Clydesdale will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Beaufort.
I used Stirling Law a few years ago for my conveyancing in Beaufort. I now require my papers however the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Beaufort of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
My cousin has suggested that I instruct his conveyancing solicitors in Beaufort. Should I choose my own solicitor?
There are no two ways about it the ideal way to choose a conveyancing practitioner is to get recommendations from friends or relatives who have actually experience in using the firm you're considering.