Is the fact that my conveyancer in Harlington is not on my lender's solicitor panel that there is a problem with the standard of his conveyancing?
It would be unwise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should simply call the Harlington conveyancing firm and ask them why they are no longer on the approved list for your mortgage company.
Do all mortgage companies provide you with an approved list of Harlington conveyancing solicitors? How do you know who is on the HSBC conveyancing panel?
Harlington conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
I am considering applying for a Nottingham mortgage for purchase of a new build (under development) in Harlington with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Nottingham ?
There is nothing to stop you using your solicitor, but Nottingham will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
How does conveyancing in Harlington differ for new build properties?
Most buyers of new build property in Harlington contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is finished. This is because house builders in Harlington usually buy 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 accustomed to new build conveyancing in Harlington or who has acted in the same development.
I need to find a conveyancing solicitor for freehold conveyancing in Harlington. I happened to discover a site which seems to have the perfect answer If it is possible to get all this stuff done via phone 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?
Should I cancel my mortgage payments with Nationwide once a completion date for my home sale in Harlington has been agreed?
No, you must maintain meeting any mortgage payments to Nationwide pending the mortgage being repaid on completion as part of your Harlington conveyancing.