I am not in a position to travel far from Rochdale. Is there a reason why all Rochdale conveyancers aren't included on all bank panels?
As inequitable as it may appear for banks to limit who can represent them, from the public’s or solicitor’s viewpoint, the other side of the coin is that mortgage companies are becoming ever more anxious and consider it necessary to defend themselves against mortgage fraud. As a result of this concern mortgage companies are limiting their panel of approved conveyancing lawyers to a size that they are happy to control.
The Rochdale conveyancing firm handling our Rochdale conveyancing has uncovered an inconsistency when comparing the assumptions in the valuation report and what is in the title deeds. My solicitor informs me that he must check that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s stance legitimate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Completed the sale of my flat in Rochdale last February yet the purchaser is calling me to moan that his lawyer needs to hear from mine. What are the post completion sale legalities now that I have sold?
Post completion of your house sale your conveyancer is duty bound to deliver the transfer deeds and all of the paperwork to the buyer’s conveyancer. Where relevant, your solicitor must also confirm that the mortgage has been redeemed to the buyers conveyancers. There is unlikely to be post completion requirements specific conveyancing in Rochdale.
My home in Rochdale is up for sale and I have a purchaser. Will the lawyer have to be required to be on the UBS conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the UBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I'm converting the mortgage on my current home to a BTL loan with The Royal Bank of Scotland and intend to use the remaining equity as a deposit on another property. The neighborhood we are looking at is Rochdale. Will your conveyancers be able to act for both sets of lenders and link together the transactions?
Do use our search tool on this site to ensure that the solicitors are approved by both banks. Having checked that they are the solicitor should be able to tie up the two deals but you should talk with you lawyer and make clear your desired outcome and needs.
We're FTB’s - had an offer accepted, but the estate agent has warned us that the seller will only issue a contract if we use their chosen conveyancers as they need an ‘expedited deal’. My instinct tells me that we should use a high street solicitor accustomed to conveyancing in Rochdale
It is highly unlikely the owners are driving this. If they desire ‘a quick sale', alienating a genuine purchaser is likely to cause more damage than good. Speak to the vendors direct and explain that (a)you are serious buyers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you are going to appoint your preferred Rochdale conveyancing solicitors - as opposed tothose that will earn their estate agent a commission or meet his conveyancing figures demanded by HQ.