Me and my fiance are buying a 3 bedroom apartment in Lydney with a mortgage. We like our Lydney lawyer, but the lender says he's not on their "panel". It seems we have little choice but to appoint one of the mortgage company panel firms or continue with our Lydney conveyancer and pay for one of their panel ones to act for them. We consider that this is inequitable; is there anything we can do?
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. Another option that might be available is for your Lydney conveyancing lawyer to apply to be on the conveyancing panel.
We are approaching an exchange on a flat in Lydney and my mum and dad have transferred the exchange deposit to my conveyancer. I am now informed that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my lender. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I informed the mortgage company about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
The property lawyer is duty bound to check with the bank to ensure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We are looking to buy a flat and need a conveyancing solicitor in Lydney who is on the Nationwide solicitor panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nationwide . We don't recommend any particular firms conducting conveyancing in Lydney.
I am purchasing a property and need a conveyancing solicitor in Lydney who is on the Clydesdale solicitor. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Clydesdale in certain locations such as Lydney. We dont recommend any particular firm.
I have been told that property searches are the main cause of delay in Lydney house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays in the conveyancing process. Local searches are unlikely to feature in any slowing down conveyancing in Lydney.
My husband and I are new to the buying process - had an offer accepted, but the property agent advised that the vendor will only proceed if we appoint their chosen solicitors as they are insisting on an ‘expedited deal’. We would rather use a high street solicitor who is accustomed to conveyancing in Lydney
We suspect that the owner is unaware of this request. Should the seller require ‘a quick sale', taking such a hostile approach to a serious purchaser is is going to put the whole deal at risk. Contact the sellers directly and make sure they comprehend that (a)you are keen to buy (b)you are ready to go, with finances in place © you do not need to sell (d) you wish to move quickly (e)but you are going to use your preferred Lydney conveyancing firm - not the ones that will give their estate agent a kickback or meet his conveyancing thresholds set by HQ.