My financial adviser has requested my Hampshire lawyer’ panel member for the Nat West conveyancing panel. What is the best way to discover this. I have called my local Hampshire office but they have not responded to me.
The sensible thing to do is ask for this information from your Hampshire lawyer . They keep a central record lender panel numbers.
I am hoping to complete my purchase in Hampshire next Tuesday. My conveyancer now wants me to supply her with proof of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the bank. What does the insurance need to cover?
Any lawyer on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These requirements are not unique to conveyancing in Hampshire.
My house in Hampshire is up for sale and I have accepted an offer. Does my conveyancer need to be on the Yorkshire BS conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Yorkshire BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.
Are all Hampshire Conveyancing Quality Solicitors on the Nationwide conveyancing list of approved practices?
Some major banks and building societies now use CQS as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of conveyancing solicitors.
We have a mortgage agreed in principle with Kent Reliance. Hampshire conveyancing solicitors were selected. What is the average time that one could expect to receive a mortgage offer from Kent Reliance?
Some lenders take longer than others. Have Kent Reliance conducted the valuation? Have you advised Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I recently had an offer accepted on an apartment in Hampshire. My financial adviser suggested a conveyancing practitioner. I paid an on account payment of £175. A few days later, the lawyer called me embarrassingly acknowledging that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
What is different about your site and other internet conveyancing brokers when it comes to conveyancing in Hampshire?
At this site receive a conveyancing quote via a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Hampshire. Unlike many estate agents and many comparison sites we are not in the business of charging firms a commission if you instruct them for your home move in Hampshire
Is it best to go with a Hampshire conveyancing practitioner in close proximity to the house I am buying? An old friend can deal with the legal formalities however her office is a couple of hundredkilometers drive away.
The primary upside of using a high street Hampshire conveyancing firm is that you can drop in to sign paperwork, hand in your ID and pester them if necessary. They will also have local knowledge which is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and on the whole were happy that should surpass using an unfamiliar Hampshire conveyancing solicitor solely due to them being Hampshire based.