We wanted to use a property lawyer in Bush Hill Park for our house purchase. Our financial adviser informed us that our bank The Royal Bank of Scotland won't deal with them. Surely this is unfair competition?
Before the recession most lenders had an appetite for risk which was higher than today. Almost all Bush Hill Park conveyancing firms would have been on most mortgage company panels. The financial services regulator in 2010 carried out a thematic investigation into mortgage fraud which come to the conclusion: know the conveyancing solicitors dealt with. Consequently, mortgage companies have regularly sought more data from law firms about their operations and the individuals who work for them and establishing certain criteria such a completing on a minimum number of conveyancing. Many Bush Hill Park conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Bush Hill Park is one of the many locations where the lawyers we recommend are members of the panel for The Royal Bank of Scotland.
This question may be naive but I am unseasoned as a 1st time buyer of a garden flat in Bush Hill Park. Do I receive the keys to the premises on completion from my conveyancer? If this is the case, I will find a local conveyancing solicitor in Bush Hill Park?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the vendor’s lawyers, and shortly after the monies have arrived, you should be called to receive the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
We previously chose conveyancers located in Bush Hill Park on the Coventry BS solicitor panel. They are now charging me a supplemental amount for the legal aspects of the Coventry BS mortgage. Is this an additional conveyancing fee specified by Coventry BS?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your conveyancing practitioner is entitled to charge a fee for this. The charge is not dictated by Coventry BS but by your Bush Hill Park property lawyer. Numerous firms on the Coventry BS panel will quote ’dealing with mortgage’ fee and others do not.
After what seems like an age I have had an offer on an apartment in Bush Hill Park accepted, but there is a chain. The owners have placed an offer on a property, but it’s not yet agreed to, and have viewings of other flats in the pipeline. I have instructed a local conveyancing solicitor in Bush Hill Park. What do I do now? At what point do I apply for the mortgage with Co-operative?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx one thousand pounds, then survey, Bush Hill Park conveyancing search costs, etc). The first thing to do is check that your lawyer is on the Co-operative approved list. Regarding the next steps this very much depends on the circumstances of your transaction, desire for this property and on the state of the market. In a buoyant market the majority of purchasers will apply for a home loan with Co-operative and arrange for the valuation and only if it comes back ok would they request their lawyer to proceed with the conveyancing in Bush Hill Park.
Due to the guidance of my in-laws I had a survey completed on a house in Bush Hill Park ahead of retaining solicitors. I have been advised that there is a flying freehold element to the property. My surveyor advised that some mortgage companies tend not give a mortgage on a flying freehold property.
It varies from the lender to lender. Santander has different instructions from Halifax. If you contact us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bush Hill Park. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it possible to transfer to a new conveyancer as I have to appoint one who is on the Yorkshire Building Society conveyancing panel. I hired a family conveyancing solicitor in Bush Hill Park round the corner but the firm is not approved by Yorkshire Building Society
It would be our pleasure to help you find a conveyancing solicitor in Bush Hill Park on the Yorkshire Building Society panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Bush Hill Park. Using the find a conveyancing solicitor tool on this website, you can scrutinise fees for conveyancing solicitors in Bush Hill Park and beyond.
I am looking for a conveyancing lawyer in Bush Hill Park for my home move. Is there any facility to check a firm’s record with the profession’s regulator?
One can search for documented Solicitor Regulator Association (SRA) decisions resulting from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The SRA may recorded telephone calls for training purposes.
My wife and I have selected a Bush Hill Park conveyancing solicitor for our house purchase (novice purchasers) and have noticed in the terms and conditions that they are not regulated by the Financial Conduct Authority. Should I be concerned or is that standard with lawyer?
We can't see why they should be. Most conveyancing practitioner don't lend money. You should check that they are governed by the SRA, who have strict laws in place on amounts held by them.