We are purchasing a 3 bedroom apartment in Stowmarket with a mortgage. We like our Stowmarket conveyancer, however the bank advise he's not on their "panel". It appears that we have no choice but to use one of the lender panel firms or keep our Stowmarket lawyer and pay for one of their panel lawyers to act for them. We feel that this is inequitable; is there anything we can do?
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 Stowmarket conveyancing lawyer to apply to be on the conveyancing panel.
Are the Stowmarket conveyancing solicitors identified as being on the Lloyds conveyancing panel, together with their details provided by Lloyds?
Stowmarket conveyancing firms themselves provide us confirmation that they are on the Lloyds conveyancing panel as opposed to being supplied with a list from Lloyds directly.
I had intended to instruct a conveyancing solicitor in Stowmarket for our home move. Our broker informed us that our mortgage company Birmingham Midshires won't deal with them. Why is this not regarded as unduly restrictive?
A mortgage company can direct that an approved conveyancer act for it. Borrowers are expected to meet the charges for this. Try using our database to choose a solicitor to carry conveyancing in Stowmarket on the Birmingham Midshires approved list of solicitors.
I decided to have a survey carried out on a house in Stowmarket in advance of appointing solicitors. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies tend not give a mortgage on a flying freehold premises.
It varies from the lender to lender. HSBC has different instructions from Halifax. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Stowmarket. Conveyancing may be slightly more expensive based on your lender's requirements.
I am downsizing from my house. My previous lawyers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Stowmarket if that affects matters.
Please use our search tool to help you find a solicitor for your conveyancing in Stowmarket. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I need to find a conveyancing solicitor for residential conveyancing in Stowmarket. I have chance upon a web site which seems to have the perfect offering If there is a chance to get all this stuff done via phone that would be preferable. Do I need to be wary? 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?