My Solicitor in Canning Town is not listed on the Bank of Ireland Conveyancing Panel. Is it possible for me to use my family solicitor even though they are not on the Bank of Ireland approved list?
The limited options available to you here include:
- Complete the purchase with your existing Canning Town lawyers but Bank of Ireland will need to retain a conveyancer on their list of acceptable firms. This will result in additional overall conveyancing charges as well as cause delays.
- Choose an alternative lawyer to to deal with the purchase, remembering to check they are on the Bank of Ireland panel
Is there a list of Principality panel solicitors in Canning Town on the Building Society Association’s Website?
No. There is no such facility on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings visible over the internet. Where you are seeking to appoint a Canning Town property lawyer on the Principality please use our tool.
We had appointed solicitors locally in Canning Town on the Yorkshire BS solicitor approved list. They are now charging me an additional fee for dealing with the Yorkshire BS mortgage. Is this an additional conveyancing fee set by Yorkshire BS?
Unfortunately, as long as it is in their Terms of Engagement or Quote then yes your conveyancing practitioner is entitled to charge a fee for this. This charge is not set by Yorkshire BS but by your Canning Town conveyancing practitioner. Numerous firms on the Yorkshire BS panel will charge an ‘acting for lender’ fee and others do not.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Canning Town building society branch on numerous occasions and was told they are content with the situation and they will lend. My Canning Town conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they will not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
Provided that the conveyancer is on the lender approved list, she or he must follow the Council of Mortgage Lenders’ Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am looking for a leasehold apartment up to £195,000 and identified one round the corner in Canning Town I like with a park and transport links nearby, the downside is that it only has 49 remaining years left on the lease. There is not much else in Canning Town suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a mortgage that many years may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
I'm remortgaging my current property to a buy to let loan with HSBC Bank and I will use the ballance of the raised equity towards a second property. The location we are looking at is Canning Town. Will your lawyers be able to act for both sets of mortgage companies and link together the two deals?
Make use of our comparison tool on this site to ensure that the solicitors are approved by both mortgage companies. Having checked that they are your conveyancer should be able to simultaneously deal with the two transactions but you should have a chat with you solicitor and communicate your expectations and needs.
We are a couple of weeks into a freehold purchase having been directed to solicitors by the local agent to do our conveyancing in Canning Town. I am not happy. Could you you assist me in finding new solicitors?
They would have to be really poor in order to consider replacing them. Has the mortgage been generated? If so you need to inform them of the replacement lawyer and get the offer are re-issued. Your new conveyancer needs to be on the lenders panel to avoid supplemental costs and complications. That should be your starting point. The search tool should assist you in finding a lender approved conveyancer for your home move in Canning Town
At long last our conveyancing in Canning Town completes on Friday, however the people I am buying off wants to vacate on the Saturday at 2pm. Should I agree to such a plan?
You can't complete on a Saturday because the bank systems are not operational.