We are purchasing a 3 bedroom apartment in North Ockendon with a mortgage. We wish to retain our North Ockendon solicitor, however the lender advise she’s not on their "panel". It seems we have no choice but to use one of the mortgage company panel conveyancing practices or keep our North Ockendon solicitor as well as pay for one of their panel firms to represent them. This seems very unfair; are we not able to require that the bank use our North Ockendon conveyancer ?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’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 North Ockendon conveyancing lawyer to apply to be on the conveyancing panel.
At what point does exchange of contracts occur in residential conveyancing in North Ockendon and am I required to attend the lawyers branch?
Where you are near to our conveyancing solicitors in North Ockendon you are welcome to attend to sign documents. That being said, the law practices we work with supply a national conveyancing service and give as equally detailed and professional a job for you when dealing with you electronically. The executing of the sale agreement is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the firm to officially exchange at the appropriate time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in North Ockendon)to be in the office at the appropriate time.
When it comes to mortgage companies such as Leeds Building Society, do North Ockendon conveyancing practitioners face an annual charge to be on the list of approved solicitors?
We are not aware of any lender fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
Can you point me to a directory of Yorkshire BS panel solicitors in North Ockendon on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the CML or Building Society Association websites. Very few lending institutions make their panel listings available on the web. Where you are in need of a North Ockendon conveyancer on the Yorkshire BS please use our facility.
Completion of my purchase has taken place for my property in North Ockendon. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Almost all banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
It has been five months following my purchase conveyancing in North Ockendon took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I need to find a conveyancing solicitor for residential conveyancing in North Ockendon. I've discover a web site which appears to be the ideal solution If it is possible to get all formalities completed via phone that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I'm purchasing a property in North Ockendon. I have found my conveyancer's company on the Law Society's list, but I can't find my conveyancer's name on the list. Should I be concerned?
Not all staff in the company must be listed by the regulator. As long there is a manager qualified to 'oversee' the work, the actual day-to-day activity can be undertaken by unlicensed staff.