We are purchasing a 3 bedroom apartment in Pevensey with a mortgage. We like our Pevensey lawyer, but the bank says she’s not on their "panel". It appears that we have little option but to select one of the bank panel solicitors or retain our Pevensey conveyancing practitioner as well as pay for one of their panel ones to act for them. This seems very unfair; are we not able to require that the bank use our Pevensey property lawyer ?
No, not really. Your mortgage offer 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 Pevensey conveyancing solicitor to apply to be on the conveyancing panel.
What happens if my lawyer’s firm is suspended from the HSBC Conveyancing panel ahead of completing my conveyancing in Pevensey?
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.
We are purchasing a house in Pevensey. I might seem paranoid but how we can trust a solicitor? On the day of competition we will need to deposit money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My husband and I have organised the release of further funds on our mortgage from Aldermore as we wish to conduct renovations to our house in Pevensey. Do we need to select a bricks and mortar Pevensey solicitor on the Aldermore conveyancing panel to handle the legals?
Aldermore don't usually require 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 Aldermore list.
We expect to receive a AIP from Lloyds this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Lloyds recommend any Pevensey solicitors on the Lloyds conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Pevensey solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
I opted to have a survey carried out on a property in Pevensey before appointing lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some mortgage companies tend not issue a loan on such a property.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Pevensey. Conveyancing will be smoother if you use a solicitor in Pevensey especially if they are accustomed to such properties in Pevensey.
We are 18 days into a leasehold purchase having been directed to conveyancers by the estate agent to perform conveyancing in Pevensey. I am not happy. Could you you assist me in finding new lawyers?
A conveyancer would need to be very poor in order to consider diss instructing them. Has the mortgage offer been sent? In the event that it has you must make them aware of the new solicitor and ensure the mortgage documents are issued to the new lawyers. Your new conveyancer needs to be on the lenders approved list to avoid added expenses and complications. That should be your first question of the new solicitors. The find a solicitor tool will help you find a bank approved lawyer for your conveyancing in Pevensey
I have been informed by numerous family members that it should take up to two months for Pevensey conveyancing to complete.This was a month ago. The draft contract was only sent from the vendors conveyancer a couple of days ago so now does it countdown?
No definitive time frame exists for conveyancing in Pevensey. Conveyancing is subject to too much unpredictabilities. Pevensey conveyancing searches in and of themselves could take up to month to be returned.