Please help. My Norton solicitor is advising me that he has toapply for Norton conveyancing searches resulting from the fact thatthe firm are on the Santanderapproved lawyer panel. Do I not have any options here?
You have limited options available to you. As you are taking a mortgage with a bank your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your solicitor would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out Norton conveyancing searches.
Completed the sale of my flat in Norton last May but my buyer keeps whats apping daily to moan that their solicitor is waiting to hear from mine. What should my lawyer have done following completion?
Following your sale your conveyancer is duty bound to forward the transfer deeds and all of the paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer must also evidence that the legal charge in favour of the lender has been paid off to the buyers conveyancers. There are no post completion tasks specific conveyancing in Norton.
We wish to acquire a newly converted flat in Norton with a loan from Chelsea Building Society.We use our Norton conveyancing solicitor but Chelsea Building Society advised that her practice is not on their "panel". It seems we have no choice but to instruct a Chelsea Building Society panel solicitor or retain our preferred solicitor and pay for a Chelsea Building Society panel lawyer to act for them. We feel as though this is unjust; Can we not simply insist that Chelsea Building Society use our lawyer?
No, not really. The loan issued to you is subject to its various provisions, one of which will be that conveyancers will be on the Chelsea Building Society approved list. Until recently, most banks had large numbers of solicitors on their panels: a borrower could find 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. A further alternative is for your lawyer to apply to be on the conveyancing panel for Chelsea Building Society
I happen to be the sole recipient of my late grandmother’s estate and I have everything in my name alone, including the my former home in Norton. Conveyancing formalities meant that the Land Registry date was in August. I plan to dispose of the property. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship could be regarded the same way as if I'd bought the property in August. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. How practical a view lenders take of it, depend on the bank as this requirement chiefly exists to identify the purchase and immediately sell or the flipping of properties.
Is it the case that all Norton CQS (Conveyancing Quality Scheme) solicitors are on the HSBC conveyancing list of approved solicitors?
It is true that some lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
After weeks of negotiation I have agreed a price on an apartment in Norton. My financial adviser recommended their conveyancers. I paid an on account payment of £225. Soon after, the solicitor contacted me sheepishly admitting that they were not on the Coventry BS 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 Coventry BS 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.
I own a semi-detached Edwardian house in Norton. Conveyancing solicitor acted for me and Alliance & Leicester . I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Norton and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing lawyer who conducted the conveyancing.
Me and my wife are soon to exchange on the purchase a property in Norton but as a consequence of wreckage from the recent storms I have agreed reparation from the vendor of £3k by way of a adjustment in the price. This was going to be dealt with as part of the conveyancing process yet the bank will not agree to this. Why were they approached?
Your lawyer listed on a lender approved list is obliged to disclose to the lender of any variations to the sale figure. If you prohibit your solicitor to disclose the reduction to your lender then they would have to discontinue representing you and the bank.