Is the fact that my conveyancer in Steyning is not on my lender's solicitor panel that there is a problem with the quality of the firm’s work?
That is more than likely an incorrect assumption to make. There are plenty of plausible explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the Steyning conveyancing practice and enquire why they are no longer on the approved list for your lender.
My house in Steyning is up for sale and I have accepted an offer. Does the property lawyer have to be on the Co-operative conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Co-operative conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently in recent years.
What is the difference between a licensed conveyancer and conveyancing solicitor in Steyning
There are two types of lawyers who can execute conveyancing in Steyning namely licenced conveyancers or solicitors. Both professionals provide conveyancing services that required to complete the disposal or acquisition of property. They are both required to conduct Steyning conveyancing on similar standards and guidelines so you may be sure that your conveyancing will be professionally carried out and that the requisite procedures will be correctly taken.
We previously selected conveyancing lawyers located in Steyning on the Yorkshire BS solicitor approved list. They have just invoiced me an additional fee for the legal aspects of the Yorkshire BS mortgage. Is this a supplemental conveyancing fee specified by Yorkshire BS?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your lawyer is entitled to levy a fee for this. This fee is not dictated by Yorkshire BS but by your Steyning property lawyer. Some firms on the Yorkshire BS panel will levy an ‘acting for lender’ fee and others do not.
My husband and I have arranged a further advance on our mortgage from Aldermore as we want to carry out alterations to our property in Steyning. Are we obliged to choose a high street Steyning solicitor on the Aldermore conveyancing panel to handle the paperwork?
Aldermore do not ordinarily instruct a member of their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Aldermore conveyancing panel.
I'm purchasing a new build house in Steyning with a loan from Skipton Building Society. The builders refused to move on the price so I negotiated £7000 of additionals instead. The estate agent suggested that I not disclose to my solicitor about this side-deal as it would affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Due to the guidance of my in-laws I had a survey completed on a property in Steyning before appointing lawyers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some lenders will not issue a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different requirements from Halifax. If you contact us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Steyning. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Steyning to see if the conveyancing will be more expensive.
My step-father has recommend that I appoint his conveyancing solicitors in Steyning. Should I choose my own solicitor?
No doubt the ideal way to select a conveyancing lawyer is to seek recommendations from friends or relatives who have experience in using the firm you're are thinking of instructing.