Unfortunately I am unable to travel far from Dorchester On Thames. Please explain the reason why all Dorchester On Thames conveyancers are not on all mortgage company panels?
As inequitable as it may appear for banks to limit who can act for them, from the public’s or lawyer’s viewpoint, the flip side is that lenders are becoming ever more anxious and regard it imperative to protect them from illegal activities. As a result of this concern lenders have reduced their panel of approved conveyancing lawyers to a manageable size.
My property lawyer in Dorchester On Thames is not on the Aldermore Solicitor Panel. Can I still use my family solicitor even though they are not on the Aldermore list of approved lawyers?
The limited options open to you here include:
- Complete the purchase with your existing Dorchester On Thames lawyers but Aldermore will need to instruct a conveyancer on their panel. This will inevitably rack up the overall legal fees as well as result in frustration.
- Choose an alternative practitioner to act in the conveyancing, obviously checking they are Aldermore approved.
- Try to convince your Aldermore based solicitor to try to join the Aldermore panel
We had appointed conveyancers with offices in Dorchester On Thames on the Lloyds solicitor approved list. They have just invoiced me a separate fee for the legal aspects of the Lloyds mortgage. Is this a supplemental conveyancing fee set by Lloyds?
Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your lawyer may levy a fee for this. This fee is not dictated by Lloyds but by your Dorchester On Thames solicitor. Plenty of firms on the Lloyds panel will charge an ‘acting for lender’ fee and others do not.
We expect to receive a OIP from UBS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do UBS recommend any Dorchester On Thames solicitors on the UBS conveyancing panel, or is it better to go independently?
You will need to appoint Dorchester On Thames solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
I can not fathom if my bank requires a lease extension. I have called my Dorchester On Thames building society branch on numerous occasions and was told they are content with the situation and they will lend. My Dorchester On Thames conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
The conveyancer must comply with the Council of Mortgage Lenders’ Handbook section two provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender 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 bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I have recentlybecome aware that Stirling Law have been shut down. They carried out my conveyancing in Dorchester On Thames for a purchase of a leasehold flat 10 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest way to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Dorchester On Thames conveyancing specialists.
I have been sourcing a conveyancing solicitor in Dorchester On Thames for my remortgage. Is there any facility to review a solicitor's complaints history with the profession’s regulator?
Members of the public may see published Solicitor Regulator Association (SRA) determinations arising from investigations commenced on or after 1 January 2008. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The SRA sometimes monitor call for training requirements.
The mortgage broker has recommended their property lawyer for our conveyancing in Dorchester On Thames - Surely it’s easier to just use them?
It is not always the case and you are free to instruct whichever conveyancer of your choosing for your Dorchester On Thames conveyancing. The conveyancing practitioner suggested by a 3rd party adviser may not necessarily be the best conveyancer, they may put forward their own conveyancing firm who are based remotely. In this instance you may not have contact with your solicitor and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.