I am obtaining a mortgage offer from Santander. I intend to enlist the help of a Licensed Conveyancer in Lancashire. Does the Santander Solicitor panel include conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
I do hope you can help me. My Lancashire lawyer is assuring me that he is legally obliged toorder Lancashire conveyancing searches resulting from the fact thatthe firm are on the Nat Westconveyancing panel. Is my solicitor correct?
Unfortunately both you and your lawyer have little choice here. As you are obtaining a home loan with a bank your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook conditions . Even if you were a cash buyer you would be ill advised not to carry out Lancashire conveyancing searches.
We note that you have a search directory identifying law firms on the Virgin Money conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in Lancashire?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Lancashire.
What is the difference between a licensed conveyancer and conveyancing solicitor in Lancashire
Two types of professional can execute conveyancing in Lancashire namely CLC regulated conveyancers or solicitors. The two can provide the legal services that required to complete the sale or purchase of property. Both are required to perform Lancashire conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be professionally conducted and that all requirements and steps should be suitably taken.
Last month we had a mortgage agreed in principle with Coventry BS. Lancashire conveyancing lawyers have been instructed. What is the average time that one could expect to receive a mortgage offer from Coventry BS?
Some lenders take longer than others. Have Coventry BS conducted the survey? Have you advised Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Co-operative have agreed my home loan in principle, my offer on a property in Lancashire has been accepted, now what?
Your property agent will need to know who your solicitors are (make sure the solicitors are on the lender’s panel). Telephone Co-operative or the financial adviser and finish off any outstanding documentation. Co-operative will appoint a valuer who will get in contact with the selling agent or owners to book an appointment. Once conducted (assuming no problems) it takes approximately a fortnight to receive the mortgage offer. Co-operative will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Lancashire.
I was pointed in your direction by a number of selling agents in Lancashire to get a quote from a conveyancer using your seach tool. What’s the financial inducement for Estate Agents to recommend your services over and above alternative conveyancing organisations?
We don’t offer any referral fee for pointing buyers and sellers our way. We thought it would be too underhand a fee as members of the public would think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Been reading online that Lancashire solicitors are more costly than licensed conveyancers in Lancashire when it comes to buying a property. Am I better off using a conveyancer or a solicitor if I am buying a property in Lancashire.
When it comes to conveyancing in Lancashire the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.