My wife and I are purchasing a 1 bedroom apartment in Knowle with a mortgage. We would like to retain our Knowle lawyer, however the mortgage company says she’s not on their "panel". We have to appoint one of the bank panel conveyancing practices or keep our Knowle conveyancer as well as pay for one of their panel firms to act for them. This feels very unfair; can we not insist that the bank use our Knowle solicitor ?
No, not really. The mortgage offered to you 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. Another option that might be available is for your Knowle conveyancing lawyer to apply to be on the conveyancing panel.
Should lawyers ask for money on account for my conveyancing in Knowle?
Where you are retaining lawyers for conveyancing in Knowle your solicitor will request that you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any deposit is payable against the total price then this will be needed immediately ahead of exchange of contracts. The final balance that is due should be sent to your lawyer a few days ahead of the day of completion.
is it true that all Knowle solicitor practices on the Co-operative conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Co-operative approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. The majority of lenders do allow licenced conveyancers on their panel and in that case the organisation would be overseen by the CLC.
We expect to receive a OIP from Yorkshire BS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Knowle solicitors on the Yorkshire BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Knowle solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
I have today made my last payment due on my mortgage with Coventry BS. I assume I don't need a Knowle conveyancing practitioner on the Coventry BS panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
I used Arc property Solicitors a few years past for my conveyancing in Knowle. Now, I need the documents however the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Knowle of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How do I search for a Knowle law firm on the Barclays Direct conveyancing panel? I drive a motor bike and am prepared to travel upto 25kilometers to meet the lawyer.
You can use the search on this website. Please pick a lender and your location and you will see a number of Knowle conveyancing lawyers locally. We have detailed some Knowle conveyancing firms towards the end of this page and you can call them to check whether they are on the Barclays Direct approved list
What tools are available to search for a Knowle conveyancing solicitor on the lender conveyancing panel? I have a car and am prepared to travel up to 20miles to meet the lawyer.
Feel free to make use of the find a conveyancing panel search on this website. Please choose the lender and your location, in this case Knowle and you will see a number of lawyer located nearest Knowle. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.