Please explain the implications if my lawyer’s firm is removed from the Bank of Ireland Solicitor panel ahead of completing my conveyancing in Homerton?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Is there a list of UBS panel conveyancers in Homerton on the Council of Mortgage Lender’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few lending institutions make their panel listings viewable online. If you are seeking to appoint a Homerton lawyer on the UBS please use our facility.
We are getting a further advance on our home loan from Principality as we intend to carry out alterations to our property in Homerton. Are we obliged to select a high street Homerton solicitor on the Principality conveyancing panel to handle the legals?
Principality do not ordinarily instruct firms on their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Principality conveyancing panel.
I currently have a mortgage with Skipton for my property in Homerton. Conveyancing was finalised 12 months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Skipton?
Skipton must be informed of your intention in advance of renting your property as this is likely to be a breach of Skipton’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Skipton directly. It should not be necessary to do this via a Skipton conveyancing panel solicitor.
Just had an offer accepted on a new build flat in Homerton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Homerton
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan.
I decided to have a survey done on a house in Homerton prior to retaining lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies will refuse to grant a loan on such a house.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Homerton. Conveyancing will be smoother if you use a solicitor in Homerton especially if they are acquainted with such properties in Homerton.
I have been advised by a couple of local estate agents in Homerton to choose a conveyancer using your seach tool. What’s the financial incentive for Estate Agents to offer your lawyers rather than a competitor’s?
We refuse to make any commission for pointing buyers and sellers in our direction. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
I have been Googling for Homerton conveyancing quotes online. Can I be confident that all the Homerton practices that are identified on your directory are on the lender conveyancing panel?
The law firms listed on our site have advised us that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a lender or a member of the public that the data about a specific Homerton conveyancing solicitor being on the lender conveyancing panel is incorrect.