My husband and I are looking to purchase a home in Clacton On Sea and have instructed a Clacton On Sea conveyancing practice. Within the past 48 hours our conveyancer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Chelsea Building Society have this evening contacted us to advise us that there is now an issue as our Clacton On Sea lawyer is not on their approved list of lawyers. Is this a problem?
If you are buying a property with the assistance of a mortgage it is conventional for the purchasers' lawyers to also act for 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 property lawyer 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 lender’s conveyancing panel as you are at liberty to use your preferred Clacton On Sea lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
We are about to exchange contracts for a semi detached house in Clacton On Sea. We encountered a stumbling block. Our loan offer with TSB runs out on 20/10/2025 but the sellers are suggesting a completion date of 22/10/2025. Can one extend the loan offer?
The best person to address this concern is your solicitors who should calculate if they should be discussing with the lender, vendor’s conveyancers, property agents or conceivably all three given what has happend in your transaction as of today.
The Clacton On Sea conveyancing lawyers that I appointed last week on my house acquisition in Clacton On Sea have suddenly shut down. I chose them because I had to have a solicitor on the HSBC conveyancing panel and my family Clacton On Sea lawyer was not. I paid them £170 in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the HSBC conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
Me and my partner are purchasing a property in Clacton On Sea. It might be a silly question but how we can trust a conveyancer? On the day of competition we will need to send funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I can see plenty of information on this site regarding conveyancing in Clacton On Sea but what is your top tip for finding the right conveyancer in Clacton On Sea
We would encourage you not to base your choice on the lowest Clacton On Sea conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
Does a directory service exist listing Nottingham panel solicitors in Clacton On Sea on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the CML or Building Society Association websites. A small selection of mortgage companies make their panel listings visible online. If you are in need of a Clacton On Sea property lawyer on the Nottingham please make the most of our tool.
I opted to have a survey carried out on a property in Clacton On Sea prior to retaining lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some banks will refuse to grant a loan on such a home.
It varies from the lender to lender. Lloyds has different requirements from Halifax. If you contact us we can look into this 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 Clacton On Sea. Conveyancing will be smoother if you use a solicitor in Clacton On Sea especially if they are accustomed to such properties in Clacton On Sea.
I am selling my house. My previous conveyancers closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Clacton On Sea if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Clacton On Sea. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.