Am I correct in assuming that the fact that my conveyancer in Canvey Island is not identified on my lender's solicitor panel that there is a problem with the standard of his conveyancing?
That is more than likely a wrong assumption to make. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the Canvey Island conveyancing firm and enquire why they are no longer on the approved list for your bank.
IfI was to acquire a straightforward propertyin Canvey Island mortgage fee and dispense with a survey and no local authority searches how much could I expect to to save on my conveyancing in Canvey Island?
The sole reduction in fees you would achieve is the Canvey Island conveyancing searches. Your conveyancer still be obliged to do everything else - money laundering, correspond with your sellers conveyancing practitioner, SDLT return, register the ownership etc. A marginal saving might be made by not having to register a charge but it won't be a lot.
My Solicitor in Canvey Island is not listed on the Barnsley Building Society Approved Panel. Is it possible for me to use my family solicitor even though they are excluded from the Barnsley Building Society panel?
Your options are as follows:
- Carry on with your preferred Canvey Island solicitors but Barnsley Building Society will need to instruct a lawyer on their panel. This will result in additional overall conveyancing fees as well as cause frustration.
- Find a new lawyer to act in the conveyancing, not forgetting to check they are Barnsley Building Society approved.
- Try to convince your Barnsley Building Society based solicitor to try to join the Barnsley Building Society panel
I'm purchasing a new build house in Canvey Island with a loan from National Westminster Bank. The builders refused to budge the price so I negotiated five thousand pounds worth of additionals instead. The estate agent suggested that I not to tell my conveyancer about this side-deal as it will impact my mortgage with National Westminster Bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Given that I am about to spend £400,000 on a two bedroom apartment in Canvey Island I wish to have a conversation with the solicitor regarding theconveyancing in advance of instructing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor due to be carrying out your conveyancing in Canvey Island.There is no ‘factory style conveyancing’ - each client is an important individual, not a matter number. The law firms that we put you in touch with believe that the figure you are quoted for your conveyancing in Canvey Island should be the figure that you end up paying.
To what extent are Canvey Island conveyancing solicitors under an obligation to the Law Society to issue transparent conveyancing figures?
Contained within the Solicitors Code of Conduct are prescriptive rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be interpreted as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, constitute the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Canvey Island or or elsewhere in the country.