My wife and I are buying a 1 bedroom flat in Totton with a mortgage. We have a Totton lawyer, but the lender advise he's not on their "panel". We have to appoint one of the lender panel conveyancing practices or retain our Totton lawyer as well as pay for one of their panel ones to represent them. We consider that this is inequitable; are we not able to demand that the mortgage company use our Totton conveyancer ?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’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 Totton conveyancing lawyer to apply to be on the conveyancing panel.
Can the conveyancing practitioners indexed on your site perform right to buy conveyancing in Totton?
We have identified plenty of conveyancing specialists carrying out right to buy transactions Do contact us with a view to get a conveyancing quote.
My husband and I wish to acquire a purpose built apartment in Totton with a loan from Norwich and Peterborough Building Society.We use our Totton conveyancing practitioner but Norwich and Peterborough Building Society informed us her practice is not listed on their approved list of member firms. we are left little option but to use a Norwich and Peterborough Building Society panel solicitor or retain our preferred solicitor and fork out for a Norwich and Peterborough Building Society panel lawyer to represent them. We feel as though this is unjust; Can we not simply insist that Norwich and Peterborough Building Society use our lawyer?
Unfortunately,no. The loan offered to you contains terms and conditions, a common one being that lawyers must be on the Norwich and Peterborough Building Society conveyancing panel. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find 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 lawyer to apply to be on the conveyancing panel for Norwich and Peterborough Building Society
Have just purchased a probate house at auction in Totton. Conveyancing is required. What are my next steps?
Having to in every practical sense signed on the dotted line you will need to appoint a conveyancing solicitor as a matter of priority as you now have a pending a drop dead date to complete the property. Every auction property should have a bespoke legal set of papers. This should include most,if not all of the paperwork that your lawyer will need. Where you are dealing with leasehold premises the legal pack may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to leasehold premises. You need to pass this on to the lawyer working for you at the earliest opportunity. You also need to ensure that your finances are organised to complete the transaction on the set completion date.
I am currently in the process of buying my council flat in Totton. I have a mortgage agreed with HSBC. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
Skipton have agreed my home loan in principle, my bid on a house in Totton has been accepted, what are the next steps?
The property agent will wish to be advised as to your lawyer's details (make sure the lawyers are on the bank’s panel). Contact Skipton or your financial adviser and finalise any outstanding paperwork. Skipton will instruct a valuer who will get in touch with the estate agent or vendor to schedule a slot for the valuation to occur. Once carried out (assuming no problems) it takes about a week to receive the mortgage offer. Skipton will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Totton.
I am looking into buying my first house which is in Totton and I am already nervous. I couldn't find anything specific about Totton. Conveyancing will be needed in due course but do you know about the Totton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Totton. In the meantime here are some basic statistics that we found
My property lawyer in Totton has informed me that he requires proof of ID documents asserting that this forms part of his legal duty as a conveyancer on the mortgage company Solicitor panel. Is this right?
Anti-terror and anti-money-laundering rules require Totton conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the mortgage company also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the mortgage company's UK Finance Lenders’ Handbook requirements