I have just been advised by my lender that my Havant the law firm I have appointed is not on the mortgage company Solicitor panel. How can I be sure that this is correct?
Your first step should be to contact your Havant lawyer directly. It is reasonable to expect your lawyer to inform you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
My conveyancer has discovered a defect with the lease for the property we are buying in Havant. The seller’s lawyers have put forward title insurance as a solution. We are content with insurance and will cover the costs. Our lawyer has advised that he must be satisfied that the lender is happy with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the lender are the client. Your lawyer must comply with the UK Finance Lenders’ Handbook conditions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your solicitor will have no choice but to discontinue acting for you.
We are buying a flat and need a conveyancing solicitor in Havant who is on the Santander conveyancing panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Santander . We don't recommend any particular firms conducting conveyancing in Havant.
A friend advised me that in buying a property in Havant there may be various restrictions preventing external changes to the property. Is this right?
We are aware of anumerous of properties in Havant which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Havant should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is it the case that all Havant CQS (Conveyancing Quality Scheme) solicitors are on the Leeds Building Society conveyancing list of approved firms?
Some major banks and building societies now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of firms.
I was told two weeks ago that my mortgage has been agreed to by Lloyds. Is it usual for Lloyds to only issue the offer once my solicitor in Havant is approved on their conveyancing panel? Lloyds have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
How do I use your search tool to get a quote from a conveyancing solicitor in Havant on the authorised to act for my mortgage?
1st select a mortgage company such as HSBC Bank, The Mortgage Works or Barclays Direct then type in your location such as Havant. Conveyancing organisations in Havant and across England and Wales should be shown.
My partner has recommend that I instruct his lawyers for conveyancing in Havant. Should I use them?
No doubt the ideal way to select a conveyancing solicitor is to have feedback from friends or relatives who have previously instructed the conveyancer that you are contemplating using.