I have just been advised by my broker that my Stockton on Tees solicitor is not on the bank Solicitor panel. How can I be sure if this is correct?
The best course of action for you to take is to contact your Stockton on Tees conveyancer. You lawyer should advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
We note that you have a post code search directory identifying law firms on the Nottingham conveyancing panel. Do companies pay you a commission if I appoint them for our conveyancing in Stockton on Tees?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Stockton on Tees.
When it comes to lenders such as Nottingham, do Stockton on Tees conveyancing practitioners have to pay an annual charge to be on the list of approved solicitors?
We are not aware of any bank fees to register on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We had selected solicitors with offices in Stockton on Tees on the HSBC solicitor panel. They are now charging me a separate sum for handling the HSBC mortgage. Is this an additional conveyancing fee specified by HSBC?
Unfortunately, as long as it is in their Terms of Engagement or Quote then yes your property lawyer can charge a fee for this. This fee is not dictated by HSBC but by your Stockton on Tees conveyancer. Numerous firms on the HSBC panel will charge ’dealing with mortgage’ fee but many firms include it on their overall fee.
My husband and I have organised a further advance on our home loan from UBS as we intend to carry out alterations to our property in Stockton on Tees. Are we obliged to choose a bricks and mortar Stockton on Tees solicitor on the UBS conveyancing panel to handle the paperwork?
UBS would not normally appoint firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the UBS panel.
I am looking for a flat up to £195,000 and identified one round the corner in Stockton on Tees I like with a park and station nearby, the downside is that it only has 49 years on the lease. I can't really find anything else in Stockton on Tees suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a home loan that many years may be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
Should I be concerned by estate agents that I am dealing with are encouraging me to use a factory type conveyancing firm rather than a High Street Stockton on Tees conveyancing company?
As with many professional services, often suggestions from relatives can be extremely useful or valuable. But there are lots of people with a keen interest in a conveyancing deal; estate agents, mortgage brokers and lenders might all recommend solicitors to select. Sometimes these lawyers might be known to one of the organisations as being good in their field, but occasionally there is an underlying financial incentive behind the endorsement. You have the right to select your preferred lawyer. Don't forget that most banks operate an approved list of lawyers you must use for the lender aspect of your conveyancing.
Been reading online that Stockton on Tees solicitors are more costly than Stockton on Tees conveyancers in Stockton on Tees when it comes to purchasing a property. So is it better if I use a conveyancer or a solicitor if I am buying for my home move in Stockton on Tees.
When it comes to conveyancing in Stockton on Tees the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.