My fiance and I are intent on acquiring an apartment in Maida Vale. My Conveyancer is not listed on the lender solicitor list. Am I still permitted to appoint my Maida Vale conveyancing solicitor notwithstanding that they are excluded from the lender panel?
You have a number of choices available to you here
- Carry on with your preferred Maida Vale property lawyer but your mortgage company will no doubt instruct a conveyancing practitioner from their approved panel. This will result in additional fees together with likely delay.
- Appoint a new solicitor to act in the purchase, making sure they are on the lender conveyancing panel.
- Convince your conveyancer to pull out all the stops to get accepted on the bank’s panel of solicitors
We are purchasing our first property. Our lawyer has contact usto check if we would like to purchase supplemental conveyancing searches. We are really unsure what's necessary for conveyancing in Maida Vale
The number and type of Maida Vale conveyancing searches depends entirely on the premises, the location, the likelihood of any of these risks, your knowledge of the locality and risks, your general approach to risk. What is important is that you properly comprehend what information each search could supply. Then you can make a decision if you consider that you need that information. If in doubt, ask the solicitor to explain.
We just had an offer accepted to purchase with Loughborough BS. We have called around locally but am unable to find a Maida Vale conveyancing firm on the Loughborough BS approved list. Can you help?
Please do make the most of the find a lender approved solicitor tool on this page. Please choose the mortgage company and type Maida Vale or your preferred area and you will discover numerous conveyancers offices in Maida Vale or by proximity to you.
When it comes to mortgage companies such as Lloyds, do Maida Vale property lawyers incur a fee to be on the conveyancing panel?
We are unaware of any mortgage company fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We previously selected conveyancers locally in Maida Vale on the Co-operative solicitor panel. They are now charging me a further fee for the legal aspects of the Co-operative mortgage. Is this a supplemental conveyancing fee set by Co-operative?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your conveyancer may levy a fee for this. This fee is not dictated by Co-operative but by your Maida Vale property lawyer. Some firms on the Co-operative panel will quote ’dealing with mortgage’ fee but plenty of firms include it on their overall fee.
My wife and I have organised the release of further funds on our home loan from Coventry BS as we want to carry out improvements to our home in Maida Vale. Are we obliged to choose a nearby Maida Vale solicitor on the Coventry BS conveyancing panel to deal with the legals?
Coventry BS do not ordinarily appoint a member of their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS conveyancing panel.
Hoping to buy a property located in Maida Vale and I am already nervous. I couldn't find anything specific about Maida Vale. Conveyancing will be needed in due course but do you know about the Maida Vale area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Maida Vale. In the meantime here are some basic statistics that we found
I am short of a 10% deposit on my apartment purchase in Maida Vale , but I am keen go ahead. Do I have options?
One option is to try and accept a lower deposit. Most property owners will agree to a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second