I do hope you can assist me. My Leicester solicitor is advising me that she is duty bound toconduct Leicester conveyancing searches asthe firm are on the HSBCconveyancing panel. Is my lawyer correct?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a lender your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your solicitor would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to follow the Council of Mortgage Lenders’ Handbook requirements . Even if you were a cash buyer you would be ill advised not to carry out Leicester conveyancing searches.
We wanted to use a property lawyer in Leicester for our home move. Our broker has since notified us that our mortgage lenders Chelsea Building Society won't deal with them. Surely this is unfair competition?
Mortgage Companies ordinarily imposes restrictions either the category or the amount of conveyancing firms on their member panel. Typical examples of such criteria being that a firm must not be a sole practitioner. As well as restricting the type of firm, some have decided to limit the number of firms they permit to represent them. You should note that Chelsea Building Society have no responsibility for the quality of advice provided by any member of Chelsea Building Society Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels since 2008 even though there are mixed views about the extent of solicitor engagement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms, including some in or near Leicester only conduct a couple conveyances per annum.
I am assisting my niece sell her flat in Leicester. Does the solicitor commission the EPC or should I organise this?
After the demise of Home Information Packs, energy performance certificates was maintained a compulsory part of selling a property. An energy performance certificate should be commissioned prior to the property being marketed. It is not as aspect of the sale process that lawyers normally arrange. If you are instructing a Leicester conveyancing lawyer they may help arrange EPC’s due to their relationships with long established local assessors
Does a directory service exist listing Kent Reliance panel solicitors in Leicester on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association sites. Very few lenders make their panel listings viewable on the web. Where you are seeking to appoint a Leicester conveyancer on the Kent Reliance please make the most of our facility.
UBS have agreed my mortgage in principle, my bid on a flat in Leicester has been accepted, what are the next steps?
Your estate agent will want to be informed of your solicitor's details (be sure the solicitors are on the lender’s approved list). Contact UBS or your financial adviser and complete any outstanding forms. UBS will appoint a valuer who will get in contact with the selling agent or owners to arrange a time for the valuation to occur. Once carried out (assuming no problems) it takes about a week for the mortgage offer to be issued. UBS will issue the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Leicester.
I'm refinancing my primary home to a BTL mortgage with Coventry Building Society and I will use the ballance of the raised equity as a down payment on further property. The area we are looking at is Leicester. Will your conveyancers be able to act for both sets of banks and link together the transactions?
Make use of our search tool on this site to check that the solicitors are approved by both lenders. Assuming that they are the conveyancer should be able to tie up the two transactions but you should talk with you lawyer and specify your expectations and requirements.
My partner has suggested that I use his conveyancers in Leicester. Should I find my own property lawyer?
There are no two ways about it the best way to choose a conveyancing practitioner is to seek feedback from friends or family who have actually previously instructed the conveyancer that you are contemplating using.
What could I expect to pay for conveyancing in Leicester?
The total sum levied for conveyancing in Leicester are likely to be calculated at:
- a standard amount; or
- on a time spent basis (i.e. the time spent on the particular case).
These days very few Leicester conveyancing firms invoice on time basis