Our lawyer has identified a a legal deficiency with the lease for the property we are buying in Droitwich Spa. The seller’s lawyers have suggested title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer has advised that he must ensure that the mortgage company is happy with this solution. Are we the client or is the bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the mortgage company 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 property lawyer will have no choice but to discontinue acting for you.
My lawyer in Droitwich Spa has never been on on the Platform Home Loans Ltd Conveyancing Panel. Is it possible for me to use my family solicitor even though they are excluded from the Platform Home Loans Ltd list of approved lawyers?
The limited options open to you here include:
- Complete the purchase with your existing Droitwich Spa lawyers but Platform Home Loans Ltd will need to use a solicitor on their list of acceptable firms. This will inevitably rack up the total legal fees and result in frustration.
- Choose a new practitioner to to deal with the conveyancing, not forgetting to check they are on the Platform Home Loans Ltd panel
Does a directory service exist listing Aldermore panel solicitors in Droitwich Spa on the Building Society Association’s Website?
No. There is no such facility on the CML or Building Society Association sites. Very few banks make their panel listings open the public over the internet. Where you are in need of a Droitwich Spa conveyancer on the Aldermore please make the most of our tool.
I am buying a property in Droitwich Spa. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Skipton be concerned?
As you are obtaining a mortgage with Skipton your lawyer must check the formal instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Skipton. The CML Handbook sets out minimum specifications for solar panel roof-space leases, and conveyancing practitioners are required to report to Skipton where a lease does not satisfy these requirements. The provisions relate to the installation of panels on properties countrywide and is not isolated to Droitwich Spa.
After months of negotiation I have agreed a price on a house in Droitwich Spa. My financial adviser recommended their conveyancers. I paid an on account payment of £150. A couple of days later, the property lawyer called me embarrassingly acknowledging that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
How do I locate a Droitwich Spa law firm on the Britannia conveyancing panel? I have a car and am willing to travel upto 20miles to meet the conveyancer.
You can use the facility on this page. Please pick a mortgage company and your location and you will see a number of Droitwich Spa conveyancing lawyers locally. We have detailed some Droitwich Spa conveyancing firms towards the end of this page and you can ring them to see whether they are on the Britannia panel
I am using a search engine for the phrase on line conveyancing in Droitwich Spa it reveals numerous solicitorslocally. How do I determine which is the right property lawyer for the sale of my house?
The ideal method of seeking the right conveyancer is through a personal recommendation, so enquire of colleagues and relatives who have bought a property in Droitwich Spa or the respected estate agent or financial adviser. Charges for conveyancing in Droitwich Spa differ, so it's advisable to request a minimum of three costs illustrations from different law firms. Make sure that you clarify that the fees are fixed.
My fiance and I have just had an offer agreed on a house and had an appointment on Monday with Leeds Building Society for the mortgage. They have informed us that when it comes to appointing a conveyancing practitioner that unless they are on their approved panel of conveyancers then we will incur an additional fee of about two hundred pounds. This is is due to the fact that they will then have to appoint a conveyancer to act for them as well as the one we appoint on our behalf and we will be on the hook for their invoice. I have asked Leeds Building Society to provide me with a list so I can request estimates only from their approved lawyers but was told they dont have such a list to hand over. Is there a simple way of finding out who is on a lender panel?
You should ask Leeds Building Society what their criteria for panel membership is for a conveyancer.Then ask the property lawyer of your choice whether they fit that criteria and have they acted on loans for Leeds Building Society in the past. Where the answer to those is yes, then just double check with Leeds Building Society. Another option is to utilise our search tool and we should be able to find you a property lawyer in Droitwich Spa on the approved list for Leeds Building Society.