My husband and I are buying a 3 bedroom flat in Hawkshead with a mortgage. We like our Hawkshead lawyer, however the mortgage company says she’s not on their "panel". We have to appoint one of the bank panel conveyancing practices or continue with our Hawkshead conveyancing practitioner and pay for one of their panel ones to act for them. We regard this is inequitable; is there anything we can do?
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. A further alternative is for your Hawkshead conveyancing solicitor to apply to be on the conveyancing panel.
Our bank has suggested a law firm on their panel based in Hawkshead but I would rather use a conveyancing lawyer in Hawkshead or nearer to where I live. Can you help?
Not all Hawkshead conveyancing solicitors are approved and listed on all banks conveyancing panel. Do make use of our find an approved solicitor tool to locate a Hawkshead conveyancing conveyancer on the on the lender panel.
I am purchasing a property in Hawkshead. One unusual aspect is that the roof has a solar panel. Lloyds have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Lloyds your lawyer must comply with the conveyancing requirements contained in Part 2 of UK Finance Lenders’ Handbook for Lloyds. The CML Handbook includes minimum requirements for solar panel roof-space leases, and solicitors are required to report to Lloyds where a lease fails to satisfy these requirements. The conditions relate to the installation of panels on properties nationwide and is not isolated to Hawkshead.
I was told two weeks ago that my mortgage has been agreed to by Bank of Ireland. Is it usual for Bank of Ireland to only issue the offer once my solicitor in Hawkshead is approved on their conveyancing panel? Bank of Ireland have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland to deal with your lawyer's application to be on the Bank of Ireland conveyancing panel. There's no guarantee that your solicitor will be accepted.
RBS have agreed my home loan in principle, my offer on a house in Hawkshead has been accepted, now what?
Your property agent will want to know who your solicitors are (ensure that the solicitors are on the lender’s approved list). Telephone RBS or your financial adviser and finish off any appropriate paperwork. RBS will sellect a valuer who will get in contact with the estate agent or vendor to book an appointment. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. RBS will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Hawkshead.
I need some fast conveyancing in Hawkshead as I am under pressure to sign on the dotted line inside one month. A mortgage is not required. Is it possible to decline from having conveyancing searches to save fees and time?
As you are not getting a home loan you have the choice not to have searches conducted although no conveyancer would recommend that you don't. Drawing on our experience of conveyancing in Hawkshead the following are examples of issues that can be revealed and adversely affect market value: Refused Planning Applications, Overdue Fees, Overdue Grants, Railway Schemes,...
I decided to have a survey completed on a property in Hawkshead in advance of retaining lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies will refuse to grant a loan on this type of premises.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to telephone us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hawkshead. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hawkshead to see if the conveyancing costs will increase in light of this.
I am looking into buying my first house which is in Hawkshead and I am already nervous. I couldn't find anything specific about Hawkshead. Conveyancing will be needed in due course but do you know about the Hawkshead area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hawkshead. In the meantime here are some basic statistics that we found