My partner and I are planning to acquire a property in Newhaven and have appointed a Newhaven conveyancing firm. Within the past 48 hours our solicitor has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. HSBC Bank have this morning contacted us to advise us that they have now hit a problem as our Newhaven conveyancer is not on their approved list of lawyers. What do we do from here?
Where you are buying a property with the assistance of a mortgage it is normal for the purchasers' lawyers to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Newhaven solicitors, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
My husband and I are buying a new build flat in Newhaven and my conveyancer is informing me that she is duty bound to the bank to reveal incentives from the builder. I am nearing the developer’s deadline to exchange and I don't want to delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am planning to move home in January. Should my conveyancing solicitor communicate with the removal company on the completion day. Incidentally, can you suggest a removal company in Newhaven. Conveyancing firm was organised prior to coming across your page.
On the afternoon of completion you can pick up the keys from your selling agent but this can only be done after the previous owners lawyers inform the agent that the monies to complete are in and the keys can be released. You can inform the removal men that you are ready to move in. As a matter of policy we do not suggest a particular removal organisation but can assist you in finding a conveyancing in Newhaven or a firm that specialises in conveyancing in Newhaven.
Can you point me to a directory of Leeds Building Society panel conveyancers in Newhaven on the Building Society Association’s Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association websites. Very few lending institutions make their panel listings viewable on the web. If you are looking for a Newhaven property lawyer on the Leeds Building Society please use our facility.
At last I have had an offer on a flat in Newhaven agreed to, the sellers do however have a connected purchase. The owners have offered on a flat, however it’s not yet tied up, and are looking at other apartments in the pipeline. I have instructed a high street conveyancing solicitor in Newhaven. What do I do now? When should I get the mortgage application with Kent Reliance started?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is approx £1k, then valuation, Newhaven conveyancing search fees, etc). The first thing to do is check that your lawyer is on the Kent Reliance conveyancing panel. As to the subsequent steps this very much dictated by the specifics of your case, motivation for this property and on the state of the market. In a hot market the majority of buyers will apply for the mortgage with Kent Reliance and arrange for the valuation and only if it comes back ok would they pay their property lawyer to press on with the conveyancing in Newhaven.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The solicitors who dealt with the conveyancing in Newhaven 10 years ago have long since closed. What are my options?
Gone are the days when you need to have the physical official documentation to establish that you are the owner of your registered land or property, given that the Land Registry hold details of all registered land or property electronically.
I need to appoint a conveyancing solicitor for remortgage conveyancing in Newhaven. I happened to land on a web site which appears to be the ideal offering If there is a chance to get all this stuff done via web that would be ideal. Do I need to 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?
We have selected a Newhaven conveyancing solicitor for our house purchase (FTB’s) and have spotted in the terms and conditions that they are not overseen by the FCA. Should I be worried or is that standard with conveyancer?
We can't see why they should be. Most conveyancing practitioner don't lend money. You should check that they are governed by the Solicitors Regulation Authority, who set specific obligations regulating monies deposited on client account.