I was told today by my lender that my Cilcain the law firm I have appointed is not on the mortgage company Solicitor panel. What can I do to check?
Your first step should be to call your Cilcain lawyer directly. You lawyer should inform you of the situation. If they are not on the panel they may be able to suggest a Cilcain conveyancing firm that is on the conveyancing panel for your mortgage company.
My solicitor has discovered a defect with the lease for the flat we are buying in Cilcain. The other side have offered defective title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancing practitioner has advised that he must be satisfied that the bank is willing to move forward with this solution. Are we the client or is the bank?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your conveyancer 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 conveyancing practitioner will have no choice but to discontinue acting for you.
My husband and I have arranged the release of further funds on our home loan from Lloyds as we wish to carry out alterations to our property in Cilcain. Are we obliged to choose a high street Cilcain solicitor on the Lloyds conveyancing panel to deal with the legals?
Lloyds do not ordinarily appoint a member of their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Lloyds panel.
I am currently in the process of buying my council flat in Cilcain. I have a mortgage offer with Virgin Money. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
Completion of my remortgage has taken place for my property in Cilcain. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. In most cases complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
How do I identify a Cilcain law firm on the Virgin Money conveyancing panel? I have a car and am prepared to travel upto 20kilometers to meet the solicitor.
Feel free to make use of the facility on this website. Please select a lender and your location and you will see a number of Cilcain conveyancing lawyers locally. We have detailed some Cilcain conveyancing firms towards the end of this page and you can contact them to verify whether they are on the Virgin Money panel
I need to instruct a conveyancing solicitor for my conveyancing in Cilcain. I happened to discover a site which seems to have the ideal answer If it is possible to get all this stuff completed via email that would be preferable. Do I need to be concerned? 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?
My brother is purchasing a ground floor flat in Cilcain. He has received a fee estimate by the conveyancer connected to the selling agents totaling £1156 . It was ten years ago since I sold and purchased a property and the bill was £440. Have costs really increased to that extent?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for instance Cilcain searches, land registry fees, etc)