My wife and I are buying a 1 bedroom apartment in Stafford with a mortgage. We like our Stafford lawyer, however the bank says she’s not on their "panel". It seems we have no choice but to use one of the lender panel conveyancing practices or keep our Stafford conveyancing practitioner and pay for one of their panel firms to act for them. We feel that this is unjust; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’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 Stafford conveyancing lawyer to apply to be on the conveyancing panel.
My brother-in-law has suggested I instruct a conveyancing solicitor in Stafford. I I would like to check if they are on the Clydesdale approved list of lawyers. Could you advise?
The first thing you should do is call the lawyer and ask them if they are on the lender panel. Otherwise please get in touch with Clydesdale who may be able to confirm.
About to purchase a new build apartment in Stafford. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Stafford
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Due to the input of my in-laws I had a survey completed on a property in Stafford prior to instructing solicitors. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some lenders tend refuse to grant a loan on such a house.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Stafford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stafford to see if the conveyancing costs will increase in light of this.
Hoping to buy a property located in Stafford and I am already nervous. I couldn't find anything specific about Stafford. Conveyancing will be needed in due course but do you know about the Stafford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Stafford. In the meantime here are some basic statistics that we found
My partner and I have AIP from HSBC Bank who indicated we could borrow up to £400k. At what point do I need to appoint a practitioner for conveyancing? Stafford is where we plan to move to.
It would be wise to appoint a property lawyer now so that the lawyer can open the file so they can do their ID checks etc. If and when you wish them to commence work you will be asked for a payment on account usually about £225. That should normally be once you have the mortgage offer and survey results, however should you want to speed the process you can get going quicker albeit risking some expense.