We note that you have a search directory identifying law firms on the Lloyds conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in High Holborn?
We are a listing service only for law firms wishing to communicate if they are on the Lloyds conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in High Holborn.
I am considering applying for a HSBC mortgage for purchase of a newly converted (under development) in High Holborn with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for HSBC ?
In theory, you could use a solicitor that is not on the HSBC conveyancing panel, but HSBC would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
When it comes to mortgage companies such as Principality, do High Holborn conveyancers face a fee to be on the list of approved solicitors?
We are unaware of any lender fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
We previously instructed conveyancing lawyers with offices in High Holborn on the HSBC solicitor panel. They have just billed me a supplemental sum for handling the HSBC mortgage. Is this an additional conveyancing fee specified by HSBC?
Unfortunately, so long as it is in their Terms of Engagement or Quote then yes your property lawyer can charge a fee for this. This fee is not set by HSBC but by your High Holborn conveyancing practitioner. Numerous firms on the HSBC panel will levy an ‘acting for lender’ fee and others do not.
At last I have had an offer on a maisonette in High Holborn accepted, the sellers do nevertheless have an associated purchase. The owners have offered on on an apartment, however it’s not yet tied up, and have viewings of other properties booked. I have instructed a local conveyancing solicitor in High Holborn. What should be my next step? At what stage should I apply for the mortgage with Clydesdale?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx one thousand pounds, then valuation, High Holborn conveyancing search fees, etc). First, you must ensure that your solicitor is on the Clydesdale conveyancing panel. Concerning the subsequent phase this very much depends on the specifics of your transaction, motivation for the property and on the state of the market. During a hot market many buyers will apply for a home loan with Clydesdale and pay for the valuation and only if it comes back ok would they ask their conveyancer to proceed with searches.
Will commercial conveyancing searches disclose impending roadworks that could impact a commercial property in High Holborn?
Many commercial conveyancing solicitors in High Holborn will perform a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in High Holborn. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in High Holborn.
For each commercial conveyancing transaction in High Holborn it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can cause delays to High Holborn commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in High Holborn.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a simple, no chain conveyancing. High Holborn is the location of the property. Can you offer any opinion?
Flying freeholds in High Holborn are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside High Holborn you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in High Holborn may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My lender have just issued us with a mortgage offer. We are using a high street conveyancer in High Holborn yesterday. A couple of hours ago, our mortgage adviser contacted us saying that the lender said that we cannot use our solicitor as they aren't on their panel. As novices, we did not have a clue that the bank had some control over our choice Is this permitted?
You can actually appoint any conveyencer you prefer to appoint for your conveyancing in High Holborn nevertheless if they are not on the your lender's approved list you must pay an extra fee so the mortgage company can retain their own conveyancer too. sometimes it is conceivable that your solicitor may apply to get included on to the mortgage company list of approved firms. You can use internet tools such as lenderpanel.com to find a conveyancing solcitor in High Holborn on the mortgage company panel. You can go into your high street mortgage company branch in High Holborn. They can recommend conveyancing solicitors in High Holborn on the panel for your mortgage company.