I am buying a leasehold flat in Greystones. My Solicitor has never been on on the lender solicitor panel. Am I still permitted to use my Greystones conveyancing solicitor even though they are excluded from the lender list of approved lawyers?
You have numerous options available to you here
- Carry on with your existing Greystones lawyer but your bank will need to instruct a property lawyer on their approved list. The net result is additional charges and potential interruption.
- Get a new solicitor to act in the purchase, ensuring that they are on the bank conveyancing panel.
- Appeal to your lawyer to seek to join the bank panel
My husband and I are buying a newly constructed flat in Greystones and my lawyer is telling me that she has to the lender to reveal incentives from the seller. I am under pressure to exchange and my preference is not to delay deal. 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 lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My husband and I are hoping to buy a 2 bedroom apartment in Greystones with a residential mortgage from Bank of Ireland.We would like to retain our Greystones conveyancing lawyer but Bank of Ireland advised that his firm is not on their approved list of member firms. we are left little option but to use a Bank of Ireland panel firm or keep our high street solicitor and fork out for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that Bank of Ireland use our lawyer?
No, not really. The home loan issued to you contains terms and conditions, a common one being that lawyers will be on the Bank of Ireland approved list. Until recently, most mortgage companies had large numbers of solicitors on their panels: a borrower could choose 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. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Bank of Ireland
How straightforward is it to use your search app to locate a conveyancing practitioner in Greystones on the authorised to act for my mortgage?
Step one is to choose a lender such as Nationwide Building Society, Chelsea Building Society or Godiva Mortgages Ltd then choose your location for instance Greystones. Conveyancing firms in Greystones and further afield will then be identified.
Should I use a Greystones conveyancing practitioner based in the vicinity that I am hoping to buy? We have a good friend who can handle the legal formalities however her office is 400kilometers away.
The primary upside of using a local Greystones conveyancing firm is that you can visit the firm to sign documents, present your ID and apply pressure on them where appropriate. Having local Greystones know how is a bonus. However it's more important to get someone that will do a good and efficient job. If other friends have used your friend and the majority were content that should trump using an unknown Greystones conveyancing lawyer just because they are local.
I bought a flat in Greystones last 16/2/2024 and to date it is still not recorded with the Land Registry. It was part of a development site and my conveyancer told me that it may take twelve months to complete the registration formalities. I have spoken with the Land Registry directly and they say that the original application was cancelled due to questions not being addressed in time. What can I do?
Contact your conveyancing practitioner - Where you are unsatisfied with the responses, find out about their internal complaints protocol and amplify your concerns to a Complaints Manager. Registrations for Greystones conveyancing are not known to be significantly delayed.