My husband and I are hoping to buy a house in Bridgwater and have instructed a Bridgwater conveyancing firm. Within the past 48 hours our lawyer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Clydesdale have this evening contacted us to advise us that they have now hit a problem as our Bridgwater lawyer is not on their approved list of lawyers. Is this a problem?
When purchasing a property with mortgage finance it is standard for the purchasers' solicitors 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 Bridgwater lawyers, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
We note that you have a search directory listing solicitors on the Aldermore conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Bridgwater?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bridgwater.
I am selling my home in Bridgwater. Will the conveyancer have to be on the Kent Reliance conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Kent Reliance conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently in recent years.
Is it the case that all Bridgwater solicitor practices on the Nationwide conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the Nationwide approved list of solicitors they would need to be overseen by the SRA. Many lenders do allow licenced conveyancers on their panel and in that case the practice would be governed by the Council of Licensed Conveyancers.
We had instructed solicitors based in Bridgwater on the Barclays solicitor approved list. They are now charging me a supplemental charge for dealing with the Barclays mortgage. Is this a supplemental conveyancing fee set by Barclays?
Provided it is contained in their Terms and Conditions or Quote then yes your property lawyer is entitled to levy a fee for this. This charge is not dictated by Barclays but by your Bridgwater conveyancer. Numerous firms on the Barclays panel will charge ’dealing with mortgage’ fee and others do not.
Can I be sure that the Bridgwater conveyancing solicitor on the Bank of Ireland panel is any good?
When it comes to conveyancing in Bridgwater obtaining recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the solicitor handling your conveyancing.
In what way does the Landlord & Tenant Act 1954 impact my commercial offices in Bridgwater and how can you help?
The 1954 Act gives a safeguard to business leaseholders, granting the dueness to apply to court for a renewal tenancy and continue in occupation at the end of the lease term. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Bridgwater is one of the hundreds of locations in which the firms we work with are based
We're first time buyers - had an offer accepted, yet the estate agent informed us that the vendor will only issue a contract if we use their preferred conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a family solicitor with experience of conveyancing in Bridgwater
It is improbable the vendors are behind this. Should the vendor require ‘a quick sale', taking such a hostile approach to a motivated purchaser is counter productive. Try to communicate with the sellers directly and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you intend to use your own,trusted Bridgwater conveyancing firm - not the ones that will earn their negotiator at the agency a introducer fee or achieve conveyancing thresholds pre-set by corporate headquarters.