My husband and I are buying a 3 bedroom apartment in Fairlop with a mortgage. We like our Fairlop lawyer, however the mortgage company advise she’s not on their "panel". We have to appoint one of the lender panel conveyancing practices or keep our Fairlop property lawyer and pay for one of their panel ones to act for them. This seems very unfair; are we not able to require that the lender use our Fairlop solicitor ?
Unfortunately,no. 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 Fairlop conveyancing solicitor to apply to be on the conveyancing panel.
We see that you have a post code search directory identifying solicitors on the RBS conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Fairlop?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Fairlop.
Is there a list of Aldermore panel conveyancers in Fairlop on the Building Society Association’s Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. Very few banks make their panel listings viewable online. If you are seeking to appoint a Fairlop conveyancer on the Aldermore please use our facility.
We have agreed to purchase a house in Fairlop. An unusual aspect is that the roof has a solar panel. Skipton have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Skipton your lawyer must follow the conveyancing instructions outlined in Part 2 of UK Finance Lenders’ Handbook for Skipton. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and conveyancers are required to report to Skipton where a lease fails to comply with these specifications. The provisions relate to the installation of panels on properties countrywide and is not limited to Fairlop.
It is unclear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Fairlop building society branch on numerous occasions and was told it does not impact the mortgage offer and they would lend. My Fairlop conveyancing solicitor - who is on the lender conveyancing panel- called and was told they refuse to lend in accordance with their specific requirements. I simply don't know who is right.
Provided that the solicitor is on the lender panel, she or he must comply with the Council of Mortgage Lenders’ Handbook specifications for the 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.
Are there restrictive covenants that are commonly picked up during conveyancing in Fairlop?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Fairlop. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
In my capacity as executor for the will of my grandmother I am selling a property in Neath but I am based in Fairlop. My solicitor (based 260 kilometers from mehas requested that I sign a stat dec before completion. Could you suggest a conveyancing solicitor in Fairlop who can witness and place their company stamp on the document?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are located in Fairlop
I am purchasing a maisonette and cash is in place. My conveyancer has been given with two distinct proof of photo identification, bank statement, endless utility bills. Now he requires a copy from a probate lawyer acknowledging that the money is in place and that it has come from inheritance and not via illegitimate means.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Fairlop conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.