My husband and I are purchasing a 1 bedroom apartment in Pevensey Bay with a mortgage. We would like to retain our Pevensey Bay lawyer, however the mortgage company says he's not on their "panel". It appears that we have no choice but to instruct one of the mortgage company panel solicitors or continue with our Pevensey Bay conveyancer and pay for one of their panel ones to represent them. This feels very unfair; 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 lender’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 Pevensey Bay conveyancing solicitor to apply to be on the conveyancing panel.
Are the Pevensey Bay conveyancing solicitors identified as being on the UBS conveyancing panel, together with their details provided by UBS?
Pevensey Bay conveyancing firms themselves provide us confirmation that they are on the UBS conveyancing panel as opposed to being supplied with a list from UBS directly.
We are planning to buy with Norwich and Peterborough Building Society. I dropped in 3 or 4 local practices yet cant to find a Pevensey Bay conveyancing firm on the Norwich and Peterborough Building Society approved list. Can you help?
Please do take advantage of the search tool on this page. Pick the mortgage company and type Pevensey Bay or your location and you will discover numerous solicitors based in Pevensey Bay or nearest you.
I am purchasing a new build house in Pevensey Bay with the aid of help to buy. The sellers would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The estate agent suggested that I not disclose to my lawyer about this side-deal as it may put at risk my mortgage with Barnsley Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I'm remortgaging my existing property to a BTL mortgage with Clydesdale and I will use the ballance of the raised equity as a down payment on further property. The area we are looking at is Pevensey Bay. Will your lawyers be able to act for the two lenders and link together the conveyances?
Do use our search tool on this site to ensure that the lawyers are approved by both banks. Assuming that they are the lawyer will be able to simultaneously deal with the two transactions but you should have a chat with you lawyer and specify your expectations and requirements.
My father has recommend that I use his lawyers for conveyancing in Pevensey Bay. Should I find my own property lawyer?
No doubt it’s preferable to find a conveyancing practitioner is to get guidance from friends or relatives who have actually used the solicitor you're contemplating using.