Am I correct in assuming that the fact that my conveyancer in Saltdean is not identified on my mortgage company's conveyancing panel that there is a problem with the standard of his conveyancing?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. Just recently a report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Saltdean conveyancing practice and ask them why they are no longer on the approved list for your bank.
My fiancee and I are purchasing our first property. The property lawyer has calledto enquire if we would like to order additional conveyancing searches. Unfortunately we have no idea as to what's relevant for conveyancing in Saltdean
The scope of Saltdean conveyancing searches depends entirely on the premises, the location, the likelihood of any of these risks, your knowledge of the area and risks, your overall attitude to risk. What is important is that you adequately understand what information the searches could supply. Then you can make a decision if you consider that you need that information. Where you are unclear, ask your conveyancing practitioner to advise.
We note that you have a search directory listing firms on the Yorkshire BS conveyancing panel. Do firms pay you a commission if I retain them for our own conveyancing in Saltdean?
We are a listing service only for law firms wishing to communicate if they are on the Yorkshire BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Saltdean.
My husband and I wish to acquire a newbuild flat in Saltdean with a homeloan from Barclays .We would like to retain our Saltdean conveyancing practitioner but Barclays advised that she’s not listed on their approved list of firms. It seems we have no choice but to instruct a Barclays panel firm or retain our local solicitor and fork out for a Barclays panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The mortgage issued to you contains terms and conditions, one of which will be that solicitors will be on the Barclays conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could find 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. A further alternative is for your solicitors to apply to be on the conveyancing panel for Barclays
I am buying a new build house in Saltdean with the aid of help to buy. The developers refused to reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not inform my conveyancer about this deal as it could put at risk my mortgage 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.
My partner has recommend that I instruct his conveyancing solicitors in Saltdean. Do I take his guidance?
Much as we are happy to recommend a Saltdean conveyancing lawyer the ideal way to select a conveyancing practitioner is to get feedback from friends or family who have actually previously instructed the conveyancer you're are thinking of instructing.