We note that you have a post code search directory listing law firms on the HSBC conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Poplar?
We are a listing service only for law firms wishing to communicate if they are on the HSBC conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Poplar.
I have a decision in principle. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would prefer to use a Poplar based conveyancing firm?
You should check but the chances are that appoint one of their panel solicitors should you want the "fee-free" offer. Speak to the mortgage company to determine if they offer you a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Poplar.
When it comes to lenders such as Skipton, do Poplar lawyers incur a fee to be on the list of approved solicitors?
We are unaware of any lender fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
We have agreed to purchase a house in Poplar. A rare aspect is that the roof has a solar panel. Santander have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Santander your lawyer must comply with the formal requirements outlined in Section 2 of UK Finance Lenders’ Handbook for Santander. The CML Handbook contains minimum specifications for solar panel roof-space leases, and conveyancers are required to report to Santander where a lease fails to comply with these conditions. The conditions relate to the installation of panels on properties nationwide and is not restricted to Poplar.
I have a mortgage with Virgin Money for my property in Poplar. Conveyancing was finalised months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Virgin Money?
Virgin Money must be informed of your intention in advance of letting out your property as this is likely to be a breach of Virgin Money’s mortgage conditions. It may be that Virgin Money will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Virgin Money directly. It should not be necessary to do this via a Virgin Money conveyancing panel solicitor.
My partner and I are close to exchanging contracts on the sale of our house in Poplar and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. A local conveyancer would know this is not the case. It does beg the question why the purchasers used a national conveyancing practice rather than a conveyancing solicitor in Poplar. We have lived in Poplar for six years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek confirmation need.
It would appear that you have a conveyancing firm already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I am looking into buying my first house which is in Poplar and I am already nervous. I couldn't find anything specific about Poplar. Conveyancing will be needed in due course but do you know about the Poplar area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Poplar. In the meantime here are some basic statistics that we found
I am buying a maisonette with all finances in place. My lawyer has been given with two separate proof of photo ID, bank statement, numerous utility bills. Now he requires a copy from a probate lawyer stating that the money is in order and that it has come from inheritance and not selling fake watches.
In today’s world you will not be able to complete any Poplar conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Evidence of your source of funds is required under Money Laundering Regulations.