Me and my partner are purchasing a 2 bedroom flat in Stanwell with a mortgage. We wish to retain our Stanwell solicitor, but the lender says she’s not on their "panel". We have to appoint one of the mortgage company panel firms or continue with our Stanwell conveyancer as well as pay for one of their panel firms to act for them. We regard this is unjust; can we not require that the lender use our Stanwell conveyancing practitioner ?
No, not really. Your mortgage offer 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 Stanwell conveyancing lawyer to apply to be on the conveyancing panel.
What does my ID and proof of funds have anything to do with my conveyancing in Stanwell? Why is this being asked of me?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the ID of the potential client they are dealing with prior to agreeing to accepting their conveyancing instruction. The Terms of Engagement that you are required to sign will no doubt confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Should you refuse to provide ID verification documents, your solicitor would not be able to act for you.
We have agreed to purchase a house in Stanwell. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Principality be concerned?
As you are obtaining a mortgage with Principality your lawyer must follow the conveyancing instructions contained in Section 2 of UK Finance Lenders’ Handbook for Principality. The CML Handbook sets out minimum specifications for solar panel roof-space leases, and property lawyers are required to report to Principality where a lease does not comply with these conditions. The provisions relate to the installation of panels on properties in England and Wales and is not limited to Stanwell.
I have today made my last payment due on my mortgage with Santander. I assume I don't need a Stanwell lawyer on the Santander panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Santander mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Santander mortgage from the register. Santander, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
Intending to buy a flat in Stanwell. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Clydesdale conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Stanwell lawyer is on the Clydesdale conveyancing panel.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Stanwell is where the house is located. Can you offer any assistance?
Flying freeholds in Stanwell are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Stanwell you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stanwell may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I'm converting the mortgage on my current house to a buy to let mortgage with Nationwide Building Society and intend to use the remaining equity towards another house. The area we are looking at is Stanwell. Will your lawyers be able to act for the two banks and tie in the two deals?
Make use of our search tool on this site to check that the lawyers are on the appropriate lender panels. On the basis that they are your conveyancer should be able to connect the two conveyancing matters but you should talk with you conveyancer and make clear your expectations and needs.
I need to instruct a conveyancing solicitor for sale conveyancing in Stanwell. I happened to discover a web site which looks to be the perfect answer If it is possible to get all this stuff done via phone that would be preferable. Do I need to be concerned? What are the potential pitfalls?
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?