Me and my fiance are planning to acquire a 2 bedroom apartment in Canning Town with a mortgage. We have a Canning Town lawyer, but the bank says he's not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or retain our Canning Town solicitor and pay for one of their panel lawyers to act for them. This seems very unfair; is there anything we can do?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms 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 Canning Town conveyancing lawyer to apply to be on the conveyancing panel.
I am about to complete buying a house in Canning Town but as a consequence of wreckage from the recent storms I have managed to agree recompense from the current proprietors in the sum of £2k in the form of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process yet Skipton will not agree to this. Why were they involved?
Any property lawyer that is on the Skipton conveyancing panel is duty bound to disclose to Skipton of any changes to the sale price. If you prohibit your lawyer to disclose the reduction to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new conveyancing practitioner for your conveyancing in Canning Town.
Can your site be used to recommend a Conveyancing solicitor in Canning Town even where I’m not purchasing or disposing of a house, for instance where I intend to acquire an office in Canning Town with a loan from Clydesdale?
Our comparison service is primarily there to help choose residential conveyancing solicitors in Canning Town but we have set out at the bottom of this page some Canning Town commercial conveyancing firms. You will need to enquire with the company directly to establish if they can also act for Clydesdale
I am buying a house and need a conveyancing solicitor in Canning Town who is on the Platform Home Loans Ltd solicitor. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Platform Home Loans Ltd in certain locations such as Canning Town. We dont recommend any particular firm.
How does conveyancing in Canning Town differ for new build properties?
Most buyers of new build residence in Canning Town contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Canning Town tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Canning Town or who has acted in the same development.
My partner has encouraged me to appoint his conveyancers in Canning Town. Should I find my own property lawyer?
There are no two ways about it it’s preferable to select a conveyancing solicitor is to have guidance from friends or relatives who have actually used the solicitor you're contemplating using.