My husband and I are buying a 3 bedroom apartment in Marske and Upleatham with a mortgage. We wish to retain our Marske and Upleatham conveyancer, but the bank says she’s not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or keep our Marske and Upleatham conveyancer and pay for one of their panel firms to represent them. This feels very unfair; are we not able to require that the bank use our Marske and Upleatham solicitor ?
Unfortunately,no. The mortgage offered to you 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. Another option that might be available is for your Marske and Upleatham conveyancing lawyer to apply to be on the conveyancing panel.
We are a couple about to sign contracts for a leasehold flat in Marske and Upleatham. We have hit a problem. The loan offer with Santander runs out on 11/6/2024 but the owners are putting forward a completion date of 13/6/2024. Can one prolong the mortgage expiry date?
The person best placed to address this concern is your conveyancer who is in a position to assess if he or she is corresponding with the lender, owner’s solicitors, property agents or conceivably all three given what has happend in your transaction to date.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Marske and Upleatham. My lender is Nationwide Building Society
Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 11/4/2024, the requirements read as follows :
My bid for a property was accepted at auction in Marske and Upleatham. Conveyancing is necessary. What happens now?
Having for all intents and purposes signed on the dotted line you now have to hire the services of a conveyancing lawyer soon as you will have a fast approaching a drop dead date to complete the deal. Every auction property will have a bespoke auction set of papers. This should include most,if not all of the documents that your solicitor will need. If you have purchased leasehold premises the auction pack may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You should give this to your appointed conveyancing solicitor as soon as possible. Do make sure that that you have the requisite funding in order to complete on the on the contractual date .
Are all Marske and Upleatham Conveyancing Quality Solicitors on the Santander conveyancing list of approved firms?
A selection of lenders now make use of the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of conveyancing solicitors.
We are getting the release of further monies on our home loan from RBS as we want to carry out renovations to our home in Marske and Upleatham. Are we obliged to select a local Marske and Upleatham solicitor on the RBS conveyancing panel to deal with the legals?
RBS would not normally require a member of 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 RBS panel.
Do I need to pay for insurance to address the risk of chancel repairs when purchasing a residence in Marske and Upleatham?
Unless a prior acquisition of the premises took place after 12 October 2013 you can expect solicitors handling conveyancing in Marske and Upleatham to remain recommending a chancel search and or insurance against a claim.
I have recentlybeen informed that Action Conveyancing have been shut down. They conducted my conveyancing in Marske and Upleatham for a purchase of a leasehold flat 9 months ago. How can I be sure that the property is not still registered in the name of the former proprietor?
The easiest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Marske and Upleatham conveyancing specialists.