My husband and I are purchasing a 3 bedroom flat in Epping with a mortgage. We wish to retain our Epping solicitor, however the bank advise he's not on their "panel". We have to appoint one of the mortgage company panel solicitors or retain our Epping conveyancer and pay for one of their panel ones to represent them. We regard this is inequitable; can we not require that the bank use our Epping property lawyer ?
Unfortunately,no. 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 Epping conveyancing lawyer to apply to be on the conveyancing panel.
Our Epping conveyancer has spotted a discrepancy between the assumptions in the valuation report and what is revealed within the legal papers for the property. My solicitor says that he needs to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance correct?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I require quick conveyancing in Epping as I am faced with pressure to sign on the dotted line inside 4 weeks. A mortgage is not required. Is it possible to avoid the conveyancing searches to save money and time?
As you are not taking a mortgage you have the choice not to do searches although no conveyancer would advise that you don't. With plenty of history conveyancing in Epping the following are examples of issues that can arise and adversely impact market value: Enforcement Notices, Overdue Fees, Overdue Grants, Road Schemes,...
How do I identify a Epping solicitor on the HSBC Bank conveyancing panel? I have wheels and am happy to travel upto 25kilometers to meet the conveyancer.
Feel free to make use of the facility on this website. Please select a mortgage company and your location and you will see a number of Epping conveyancing lawyers located nearest you. We have listed some Epping conveyancing firms at the bottom of this page and you can telephone them to verify whether they are on the HSBC Bank panel
My cousin has recommend that I instruct his conveyancers in Epping. Should I use them?
No doubt the best way to choose a conveyancing lawyer is to get feedback from friends or family who have experience in using the conveyancer you're are thinking of instructing.
I previously informed by my lender that their panel lawyers work on no sale no fee basis for conveyancing in Epping. My purchase did not proceed yet the solicitors want search fees! They are claiming that the fees are nothing to do with their fees!
Epping conveyancing search charges are separate expenses not legal fees as these are payable to a third party.