I am acquiring a leasehold flat in Highams Park. My lawyer is not listed on the bank conveyancing panel. Am I still permitted to appoint my Highams Park conveyancing solicitor even though they are excluded from the lender panel of approved conveyancing solicitors?
You must use a conveyancing practitioner to complete the formalities if you need a loan to buy your home. They will carry out all the relevant investigations on the property, ensuring that you will be registered as proprietor and ensure that all the necessary mortgage documentation is in order. One may instruct a Highams Park lawyer of your choice. Nevertheless, if the conveyancing practitioner appointed is not a member of the lender approved list additional costs will be incurred as separate legal representation will be need by the mortgage company. Conveyancing panel applications can be submitted, so where your conveyancer has not previously sought membership they can do so.
Having sold my house in Highams Park last March yet the purchaser is whats apping me to say his lawyer needs to hear from mysolicitor. What are the post completion sale formalities following completion?
Following your disposal your conveyancer is duty bound to forward the transfer deeds and all of the paperwork to the buyer’s solicitors. Where appropriate, your conveyancer must also confirm that the home loan has been paid off to the buyers solicitors. There are no post completion steps just for conveyancing in Highams Park.
My brother-in-law has suggested I instruct a conveyancing solicitor in Highams Park. I I would like to check whether they are accepted on the National Westminster Bank conveyancing panel. Can you assist?
You should call your lawyer and enquire if they are on the lender panel. Otherwise please call National Westminster Bank who may be able to confirm.
Various internet forums that I have come across warn that are the number one reason for delay in Highams Park house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances in the conveyancing process. Searches are unlikely to feature in any slowing down conveyancing in Highams Park.
My husband and I are FTB’s - had an offer accepted, but the estate agent told us that the seller will only move forward if we appoint the agent's recommended lawyers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a family solicitor who is accustomed to conveyancing in Highams Park
We suspect that the owner is unaware of this request. Should the vendor desire ‘a quick sale', taking such a hostile approach to a serious buyer is is going to put the whole deal at risk. Bypass the agents and go straight to the sellers and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you intend to appoint your own,trusted Highams Park conveyancing solicitors - not the ones that will earn their negotiator at the agency a commission or hit his conveyancing targets set by senior management.
My wife and I are purchasing a studio flat in Highams Park. When we first instructed conveyancing practitioner, we were told they were on all major UK lender panels. The financial adviser called just now to say that they don't seem to be on the Nationwide approved list. Should that be true, what should we do? Should we just pick a new solicitor that is on their panel or should we cover the costs for dual representation, with Nationwide selecting their own preferred conveyancer.
When purchasing a property with the benefit of a mortgage it is normal for the purchaser’s lawyers to also represent the purchaser's lender. In order to act for a bank or building society a conveyancing practitioner has to be on that lender's conveyancing panel. An application has to be made by the conveyancer to the lender to become a member of the lender's panel and there are increasingly strict criteria which the property lawyer has to satisfy. Some lenders now require their panel firms to be part of the Law Society’s Conveyancing Quality Scheme. Your lawyer should contact Nationwide to find out if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on Nationwide's conveyancing panel as you are at liberty to use your preferred Highams Park lawyers, in which case it will likely add costs, and it may delay matters as you have another set of people involved.