My wife and I are looking to acquire a house in East Bedfont and are in fact using a East Bedfont conveyancing firm. Within the past 48 hours our conveyancer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Bank of Ireland have this evening contacted us to advise us that they have now hit a problem as our East Bedfont lawyer is not on their conveyancing panel. Please explain?
When purchasing a property with mortgage finance it is usual for the purchasers' solicitors to also represent the purchaser's lender. 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 solicitor should contact your bank 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 are not legally obliged to appoint a law firm on the lender’s conveyancing panel as you are at liberty to use your preferred East Bedfont 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.
Are you able to suggest a TSB accepted East Bedfont conveyancing practice who can have us moved in within 10 days? Would it be better to use a high street East Bedfont solicitor or an online comparison site?
We would be happy to suggest some excellent East Bedfont conveyancing firms. You can also walk up the high street in East Bedfont. Approach two or three firms and request to speak with a conveyancing solicitor for a fee estimate. Mention your time frames together with your reasons and ask for an assurance on speed. Select the one that genuine.
I am looking to buy a house and need a conveyancing solicitor in East Bedfont who is on the Platform Home Loans Ltd conveyancing. Could you point me in the right direction as regards a conveyancing 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 East Bedfont. We dont recommend any particular firm.
I opted to have a survey carried out on a property in East Bedfont before appointing solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some lenders may not give a mortgage on such a home.
It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in East Bedfont. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it simple use the search app to choose a conveyancing solicitor in East Bedfont on the approved list for my lender?
First pick a lender such as Barclays , Barnsley Building Society or Britannia then specify your location such as East Bedfont. Conveyancing organisations in East Bedfont and nationally should be shown.
I need to assess quotes for conveyancing in East Bedfont from numerous conveyancing practitioner and decide on one. Am I right to ask them to sit tight until I have found somewhere to acquire.
We would recommend that you only ask your conveyancer to commence work and submit searches after the offer has been accepted on the property particularly as East Bedfont conveyancing searches are not inexpensive.