I am obtaining a mortgage with Lloyds. I intend to instruct a Licensed Conveyancer in Market Drayton. Does the Lloyds Solicitor panel exclude Licensed Conveyancers?
The Lloyds conveyancing panel is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
What happens if my lawyer’s firm is suspended from the HSBC Solicitor panel ahead of completing my conveyancing in Market Drayton?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Can you point me to a directory of Nationwide panel solicitors in Market Drayton on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lenders make their panel listings open the public over the internet. If you are looking for a Market Drayton conveyancing practitioner on the Nationwide please make the most of our tool.
is it true that all Market Drayton solicitor practices on the HSBC conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the HSBC approved list of solicitors they would need to be overseen by the SRA. The majority of lenders do allow licenced conveyancers on their panel and in such a situation the practice would be overseen by the Council of Licensed Conveyancers.
I recently had an offer agreed on an apartment in Market Drayton. My financial adviser suggested a conveyancing practitioner. I paid an advanced payment of £175. Soon after, the conveyancer called me embarrassingly acknowledging that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
How does conveyancing in Market Drayton differ for new build properties?
Most buyers of new build or newly converted property in Market Drayton come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is ready to move into. This is because builders in Market Drayton tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Market Drayton or who has acted in the same development.
I decided to have a survey done on a property in Market Drayton ahead of retaining lawyers. I have been advised that there is a flying freehold element to the house. The surveyor advised that some banks tend not give a mortgage on this type of property.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Market Drayton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Market Drayton to see if the conveyancing costs will increase in light of this.
Is there anything unique about your site and other web based conveyancing solicitors for conveyancing in Market Drayton?
At this site secure an accurate quote via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Market Drayton. Unlike many estate agents and many comparison sites we do not charge firms a fee if you instruct them for your property ownership legalities in Market Drayton