My lawyer in Freshwater has never been on on the HSBC Bank Solicitor Panel. Is it possible for me to continue with my prefered solicitor even though they are not on the HSBC Bank approved list?
The limited options available to you here include:
- Carry on with your existing Freshwater solicitors but HSBC Bank will need to use a conveyancer on their list of acceptable firms. This will result in additional total legal charges and cause frustration.
- Find an alternative solicitor to to deal with the conveyancing, remembering to check they are Convince your lawyer to do everything within their powers to join the HSBC Bank conveyancing panel
It has been 2 months since my purchase conveyancing in Freshwater concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Freshwater differ for newly converted properties?
Most buyers of new build residence in Freshwater come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is built. This is because developers in Freshwater tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Freshwater or who has acted in the same development.
I decided to have a survey done on a property in Freshwater before appointing lawyers. I have been informed that there is a flying freehold aspect to the house. My surveyor has said that some mortgage companies will not grant a loan on this type of property.
It varies from the lender to lender. HSBC has different instructions from Nationwide. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Freshwater. Conveyancing will be smoother if you use a solicitor in Freshwater especially if they are acquainted with such properties in Freshwater.
My brother has suggested that I appoint his conveyancing solicitors in Freshwater. Should I choose my own solicitor?
There are no two ways about it it’s preferable to choose a conveyancing lawyer is to have recommendations from friends or family who have actually previously instructed the solicitor you're contemplating using.
My fiance and I today become aware that one of the directors of the conveyancing practice handling the purchase conveyancing in Freshwater is is the father of the owners that we are buying from. Is this acceptable?
Provided there is no conflict of interest this should be fine. If you are obtaining a home loan then the bank may have a say as many mortgage companies have specific instructions concerning this. For example for Santander as of 31/1/2025, the requirements read as follows :