Me and my fiance are hoping to buy a 2 bedroom apartment in Hyde Park with a mortgage. We wish to retain our Hyde Park lawyer, but the mortgage company advise he's not on their "panel". It appears that we have no option but to use one of the bank panel firms or keep our Hyde Park lawyer as well as pay for one of their panel ones to represent them. We regard this is unjust; can we not insist that the mortgage company use our Hyde Park conveyancing practitioner ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Hyde Park conveyancing lawyer to apply to be on the conveyancing panel.
My lawyer has identified a defect with the lease for the property we are buying in Hyde Park. The seller’s lawyers have offered title insurance as a solution. We are happy with insurance and will pay for it. Our conveyancer says that he must be satisfied that the lender is willing to move forward with this solution. Who is the client here, us or the bank?
Even though you have a mortgage offer from the lender does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. The appropriate lender requirements must be adhered to.
Can I be sure that the Hyde Park conveyancing solicitor on the Santander panel is any good?
When it comes to conveyancing in Hyde Park seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor conducting your conveyancing.
I am due to exchange contracts on my flat. I had a double glazing fitted in August 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Lloyds are being a right pain. The Hyde Park solicitor who is on the Lloyds conveyancing panel is saying indemnity insurance will be fine but Lloyds are insisting on a building regulation certificate. Why do Lloyds have a conveyancing panel if they don't accept advice from them?
It is probably the case that Lloyds have referred the matter to their valuer. The reason why Lloyds 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.
Lloyds have agreed my mortgage in principle, my offer on a flat in Hyde Park has been agreed to, what happens next?
The property agent will need to be informed of your lawyer's details (ensure that the conveyancers are on the lender’s panel). Telephone Lloyds or your financial adviser and finish off any appropriate forms. Lloyds will appoint a valuer who will get in contact with the selling agent or owners to schedule an appointment. Once carried out (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Lloyds will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Hyde Park.
Given that I am about to part with hundreds of thousands of pounds on 3 bedroom house in Hyde Park I would like to have a conversation with the lawyer regarding thehouse move in advance of giving the go ahead to the firm. Can this be arranged?
This is something that we recommend - we would be pleased to talk to you we do not take any clients on without you speaking to the lawyer who will be carrying out your conveyancing in Hyde Park.There is no ‘factory style conveyancing’ - each client is unique individual, not a file number. The law firms that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Hyde Park should be the figure that you are charged.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Hyde Park. I have land on a site which seems to have the perfect answer If there is a chance to get all the legals completed via web that would be ideal. Should I be concerned? What should out be looking out for?
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?
I am planning to acquire a house and require a conveyancing solicitor in Hyde Park who is on the bank conveyancing panel. Can you recommend a Hyde Park or local Hyde Park solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who conduct conveyancing in Hyde Park. We dont recommend any particular conveyancing practice.