My partner and I are planning to buy a flat in High Holborn and are in fact using a High Holborn conveyancing practice. Within the last couple of days our property lawyer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. The Royal Bank of Scotland have this evening contacted us to inform me that there is now an issue as our High Holborn conveyancer is not on their approved list of lawyers. Please explain?
Where you are buying a property with the assistance of a mortgage it is conventional for the purchasers' lawyers to also represent 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 Quality Scheme. Your solicitor should contact your mortgage company 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 High Holborn lawyers, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
Do the conveyancing solicitors indexed on your site handle right to buy conveyancing in High Holborn?
We do have a number of conveyancing experts who can handle right to buy conveyancing work You should call the lawyers listed with a view to obtain a costs illustration.
Can I use your services to recommend a Conveyancing solicitor in High Holborn even if I’m not buying or selling a house, for instance if I intend to acquire an office in High Holborn with a loan from Bank of Ireland?
Our comparison service is mainly utilised to locate residential conveyancing solicitors in High Holborn but we have set out towards the bottom of this page some High Holborn commercial conveyancing firms. You will need to make contact with the firm directly to establish if they are also authorised to represent Bank of Ireland
I have an AIP. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to use their panel conveyancer as I would much rather instruct a specialised conveyancing solicitor in High Holborn?
Do check but the the likelihood is that appoint one of their panel conveyancers where you want the "fee-free" offer. Speak to the mortgage company to check if they offer you a monetary alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in High Holborn.
As co-executor for the estate of my aunt I am selling a house in Monmouth but reside in High Holborn. My solicitor (approximately 300 miles from merequires that I execute a stat dec prior to completion. Can you recommend a conveyancing lawyer in High Holborn who can witness and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are High Holborn based
I have miscalculated my finances and am a couple of thousand pounds short a 10% deposit on my flat purchase in High Holborn , but I am keen exchange. What can I do?
One option is to try and agree a lesser deposit. Many sellers will agree to a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment