We are due to complete on the purchase of a house in Honiton but as a result of damage from the recent storms I have managed to agree reparation from the seller of three thousand pounds in the form of a reduction in the price. This was going to be addressed as part of a side agreement however HSBC will not permit this. Why were they notified?
The conveyancing practitioner being on the HSBC conveyancing panel is duty bound to disclose to HSBC of any variations to the sale price. If you were to refuse your conveyancer to disclose the price change to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new lawyer for your conveyancing in Honiton.
I am considering applying for a Coventry BS mortgage for purchase of a newly converted (under development) in Honiton with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Coventry BS ?
In theory, you could use a solicitor that is not on the Coventry BS conveyancing panel, but Coventry BS 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 transaction.
We are getting a further advance on our home loan from Nationwide as we intend to conduct renovations to our property in Honiton. Are we obliged to choose a high street Honiton solicitor on the Nationwide conveyancing panel to handle the legals?
Nationwide do not ordinarily require a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Nationwide panel.
I am selling my apartment. I had a double glazing fitted in April 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Leeds Building Society are being pedantic. The Honiton solicitor who is on the Leeds Building Society conveyancing panel is saying indemnity insurance will be fine but Leeds Building Society are insisting on a building regulation certificate. Why do Leeds Building Society have a conveyancing panel if they don't accept advice from them?
It is probably the case that Leeds Building Society have referred the matter to their valuer. The reason why Leeds Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
My offer was accepted on an apartment in Honiton on 17/4/2025, valuation was booked 2 days after, received a clean bill of health. Property lawyer retained, so all that was missing was my mortgage offer. Having made daily calls to TSB and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the TSB conveyancing panel. Can the lender hold off the offer?
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 TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when purchasing a property in Honiton?
Unless a prior acquisition of the property completed after 12 October 2013 you could assume that solicitors conducting conveyancing in Honiton to remain recommending a chancel search and or insurance against a claim.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a quick, no chain conveyancing. Honiton is the location of the property. What do you suggest?
Flying freeholds in Honiton are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Honiton you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Honiton may decide 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 wife and I have selected a Honiton conveyancing solicitor for our home move (first time buyers) and have picked up in the terms and conditions that they are not covered by the FCA. Need I be concerned or is that usually the case with solicitor?
We can't see why they should be. Most lawyer don't lend money. They will be regulated by the Solicitors Regulation Authority, who set strict laws regulating monies deposited in their bank.