I am purchasing residence in Ramsgate. My Solicitor is not listed on the lender approved panel. Am I still permitted to continue with my Ramsgate conveyancing solicitor notwithstanding that they are not on the lender panel?
Your options include
- Carry on with your chosen Ramsgate conveyancer but your mortgage company will need to use a lawyer on their approved list. The net result is additional fees and potential frustration.
- Get a new lawyer to conduct the conveyancing, obviously checking they are on the bank conveyancing panel.
- Appeal to your conveyancing practitioner to apply to join the mortgage company panel
I have given 2 months notice to my current landlord and have to be out of my rented apartment in Ramsgate by the end of next month. Conveyancing on my purchase is progressing. How realistic is it to complete in 4 weeks as don't want to have to find short term accommodation?
The normal practice is not to give notice on a rental until your lawyer suggests that you should. If you have not previously done so, update to your conveyancer and request that they apply pressure on the sellers lawyers, try to get a realistic time scale from them that everyone will look towards
Should conveyancers ask for money on account when it comes to conveyancing in Ramsgate?
If you are buying a property in Ramsgate your lawyer will ask you put them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the sale price then this should be required immediately prior to contracts are exchanged. The closing balance that is needed should be sent to your lawyer shortly before completion.
Is there a search tool that I can utilise to find out if the solicitor conducting my conveyancing in Ramsgate is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Aldermore thus paying £192.00 in another set of legal bill.
You should make use of the find a conveyancing panel solicitor tool on this site. Pick the mortgage company and type ‘Ramsgate’ or your preferred area and you will see numerous solicitors located in Ramsgate or near you.
Am I best advised to go with a Ramsgate conveyancing solicitor based in the area that I am hoping to buy? An old friend can deal with the conveyancing however his firm is located 300kilometers drive away.
The primary upside of using a local Ramsgate conveyancing practice is that you can visit the firm to sign paperwork, present your ID and pester them where appropriate. They will also have local knowledge which is a plus. However nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and they were happy that must trump using an unknown Ramsgate conveyancing solicitor solely due to them being local.
We had our mortgage agreed in principle last Friday with our bank. We have retained a local conveyancer in Ramsgate two days ago. This morning, our mortgage adviser phoned to advise us that the bank said that we cannot use our solicitor as they aren't on their panel. As novices, we had no idea that the mortgage company had some control over our choice Is this legal?
You can actually choose any conveyencer you wish to instruct for your conveyancing in Ramsgate nevertheless if they are not on the your lender's panel you will have to incur additional cost so the mortgage company can appoint their own conveyancer too. It may be conceivable that your solicitor may apply to get included on to the bank list of approved firms. You can use online tools such as lenderpanel.com to find a conveyancing solcitor in Ramsgate on the mortgage company panel. You can go into your high street mortgage company branch in Ramsgate. They will know some good conveyancing solicitors in Ramsgate on the approved list.