I was told yesterday by my lender that my Criccieth lawyer is not on the lender Conveyancing panel. How can I be sure that this is correct?
The first thing you need to do is to call your Criccieth conveyancer. You lawyer should advise you of the situation. If they are not on the panel they may recommend you to a Criccieth conveyancing practice that is on the approved list of lawyers for your bank.
My wife and I are buying a brand new flat in Criccieth and my lawyer is informing me that she has to the lender to reveal incentives from the seller. The Estate Agents are hassling me to exchange contracts and I don't want to prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We see that you have a post code search directory identifying firms on the Nottingham conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in Criccieth?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Criccieth.
We are buying a newly converted apartment in Criccieth with a homeloan from Coventry Building Society.We have a Criccieth conveyancing solicitor but Coventry Building Society advised that she’s not listed on their "panel". We have to appoint a Coventry Building Society panel lawyer or keep our preferred solicitor and fork out for one of their panel ones to act for them. This seems very unfair; is there anything we can do?
No, not really. The home loan offered to you is subject to its various provisions, a common one being that lawyers needs to be on the Coventry Building Society conveyancing panel. Until recently, most mortgage companies had large numbers of law firms on their panels: a borrower could find 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. A further alternative is for your solicitors to apply to be on the conveyancing panel for Coventry Building Society
Due to the guidance of my in-laws I had a survey completed on a house in Criccieth before instructing solicitors. I have been told that there is a flying freehold element to the house. The surveyor has said that some banks tend not grant a loan on a flying freehold home.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Criccieth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Criccieth to see if the conveyancing will be more expensive.
What does commercial conveyancing in Criccieth cover?
Criccieth conveyancing for business premises incorporates a wide range of guidance, supplied by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.