I plan on purchasing a ground floor flat in Rotherham. My Conveyancer is not listed on the lender approved list. Can I still use my Rotherham conveyancing solicitor notwithstanding that they are not on the bank panel of approved conveyancing solicitors?
Your options include
- Proceed with your preferred Rotherham lawyer but your lender will need to appoint a lawyer on their conveyancing panel. The net result is additional fees and potential interruption.
- Get a fresh conveyancer to act in the purchase, ensuring that they are on the lender conveyancing panel.
- Convince your property lawyer to pull out all the stops to join the bank’s conveyancing panel
We are purchasing a flat and require a conveyancing solicitor in Rotherham who is on the Skipton approved panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Skipton . We don't recommend any particular firms conducting conveyancing in Rotherham.
Is there a search tool that I can use to find out if the solicitor handling my conveyancing in Rotherham is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for HSBC Bank thus spending £175.00 in supplemental legal charges.
You should take advantage of the search tool on this web page. Pick the mortgage company and type ‘Rotherham’ or your location and you will see numerous conveyancers offices in Rotherham or nearest you.
I'm purchasing a new build house in Rotherham with a mortgage from Bank of Ireland. The sellers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The sale representative told me not reveal to my lawyer about this side-deal as it will jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Rotherham is the location of the property. Is there any guidance you can give?
Flying freeholds in Rotherham are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Rotherham you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Rotherham may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the mortgage company conveyancing panel. My lawyer has said that they are on the mortgage company approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the lender conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.