My partner and I are planning to buy a property in Fir Vale and Wadsley Bridge and have appointed a Fir Vale and Wadsley Bridge conveyancing practice. Within the past 48 hours our conveyancer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. HSBC Bank have this morning contacted us to inform me that they have now hit a problem as our Fir Vale and Wadsley Bridge lawyer is not on their approved list of lawyers. What do we do from here?
When purchasing a property with mortgage finance it is standard for the purchasers' solicitors 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 Accreditation 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 bank's conveyancing panel as you are at liberty to use your preferred Fir Vale and Wadsley Bridge lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.
Is it the case that all Fir Vale and Wadsley Bridge solicitor firms on the Bank of Ireland conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Bank of Ireland conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some mortgage companies do allow licenced conveyancers on their panel in which case such firms would be overseen by the CLC.
We had chosen conveyancing lawyers located in Fir Vale and Wadsley Bridge on the Nottingham solicitor panel. They are now charging me an additional amount for the legal aspects of the Nottingham mortgage. Is this a supplemental conveyancing fee specified by Nottingham?
Provided it is contained in their Terms of Engagement or Quote then yes your conveyancer is entitled to levy a fee for this. This charge is not set by Nottingham but by your Fir Vale and Wadsley Bridge conveyancer. Numerous firms on the Nottingham panel will levy an ‘acting for lender’ fee but some firms incorporate it on their overall fee.
I am due to exchange contracts on my house. I had a double glazing fitted in November 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Clydesdale are being a right pain. The Fir Vale and Wadsley Bridge solicitor who is on the Clydesdale conveyancing panel is saying indemnity insurance will be fine but Clydesdale are insisting on a building regulation certificate. Why do Clydesdale have a conveyancing panel if they don't accept advice from them?
It is probably the case that Clydesdale have referred the matter to their valuer. The reason why Clydesdale may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
We are intent on selling our home in Fir Vale and Wadsley Bridge and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A high street Fir Vale and Wadsley Bridge lawyer would know that there is no such problem. It does beg the question why the buyers are using a national conveyancing outfit as opposed to a conveyancing solicitor in Fir Vale and Wadsley Bridge. Having lived in Fir Vale and Wadsley Bridge for many years we know that this is a non issue. Is it a good idea to contact our local Authority to get clarification need.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I am selling my house. My previous solicitors have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Fir Vale and Wadsley Bridge if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Fir Vale and Wadsley Bridge. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
I need to find a conveyancing solicitor for freehold conveyancing in Fir Vale and Wadsley Bridge. I have discover a web site which seems to have the ideal offering If there is a chance to get all formalities done via email that would be ideal. 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?
I'm remortgaging a flat in Fir Vale and Wadsley Bridge. I can find my conveyancer's company on the Law Society's list, but I can't locate my conveyancer's name on the list. Is this a big problem?
Not all staff in the practice must be listed by the regulator. As long there is a manager qualified to 'oversee' the conveyancing, the actual day-to-day activity can be undertaken by unlicensed staff.