My husband and I are planning to purchase a 3 bedroom flat in Stone with a mortgage. We like our Stone solicitor, but the bank advise she’s not on their "panel". It appears that we have little option but to select one of the lender panel firms or continue with our Stone conveyancer and pay for one of their panel ones to represent them. This seems very unfair; 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. A further alternative is for your Stone conveyancing lawyer to apply to be on the conveyancing panel.
Can the conveyancing solicitors highlighted via your search app carry out right to buy conveyancing in Stone?
We do have plenty of conveyancing solicitors who can conduct right to buy conveyancing work Do get in touch with us with a view to secure a costs illustration.
My bank has suggested a law firm on their panel based in Stone but I would rather choose a conveyancing lawyer in Stone round the corner to me. Can you help?
Not all Stone conveyancing solicitors are on all banks conveyancing panel. Please make use of our search tool to choose a Stone conveyancing conveyancer on the on the lender panel.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Stone?
There are two types of lawyers who can conduct conveyancing in Stone namely CLC regulated conveyancers or solicitors. Both professionals administer the legal services that required to complete the sale or purchase of property. They are both obliged to perform Stone conveyancing on similar quality and guidelines so you may be safe in the knowledge that your conveyancing will be properly carried out and that all necessary steps should be accurately attended to.
Having read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Stone solicitor - who is on the HSBC conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
HSBC will need an independent valuation of the property. Your lawyer will not arrange this. Usually HSBC will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Stone postcode. As you are getting a mortgage with HSBC, you could contact them to see if they have a list of approved surveyors in Stone.
Our offer on a property in Stone has been accepted, but there is a chain. The owners have offered on on an apartment, however it’s not yet tied up, and have viewings of other apartments in the pipeline. I have selected a high street conveyancing solicitor in Stone. What should be my next step? At what stage do I apply for the mortgage with Virgin Money?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx one thousand pounds, then valuation, Stone conveyancing search costs, etc). The first course of action is to check that your conveyancer is on the Virgin Money conveyancing panel. Concerning the subsequent stages this very much depends on the uniqueness of your transaction, motivation for the property and on the state of the market. In a hot market many purchasers will apply for a home loan with Virgin Money and pay for the valuation and only if it comes back ok would they request their solicitor to press on with searches.
I am looking into buying my first house which is in Stone and I am already nervous. I couldn't find anything specific about Stone. Conveyancing will be needed in due course but do you know about the Stone area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Stone. In the meantime here are some basic statistics that we found
We are 17 days into a residential purchase having been recommend to solicitors by the local agent to execute conveyancing in Stone. We are not happy. Could you help me find new lawyers?
They would have to be really poor to suggest replacing them. Has the mortgage been generated? If so you will need to make them aware of the replacement lawyer and get the mortgage documents are issued to the new lawyers. Your new conveyancer should be on the banks panel to avoid escalating costs and complications. That should be your first question of the new conveyancers. Our search tool will assist you in finding a bank approved solicitor for your conveyancing in Stone