I am getting a mortgage with Nat West. I would like to use a Licensed Conveyancer in Southampton. Does the Nat West Solicitor panel allow for Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
My husband and I wish to acquire a 3 bedroom apartment in Southampton with a loan from TSB.We use our Southampton conveyancing lawyer but TSB advised that her practice is not listed on their "panel". we are left little option but to use a TSB panel solicitor or keep our high street solicitor and pay for a TSB panel lawyer to act for them. This seems very unfair; Can we not simply insist that TSB use our lawyer?
No, not really. The home loan issued to you is subject to its terms and conditions, a common one being that lawyers must be on the TSB approved list. Until recently, most mortgage companies 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. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for TSB
Me and my partner are buying a apartment in Southampton. It might be a silly question but how we can trust a solicitor? On completion day we will need to put funds into their account. What protection do 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.
Is there a list of Principality panel solicitors in Southampton on the Building Society Association’s Website?
No. There is no such tool on the CML or Building Society Association websites. Very few lenders make their panel listings viewable over the internet. Where you are seeking to appoint a Southampton conveyancer on the Principality please make the most of our facility.
I recently had an offer accepted on an apartment in Southampton. My mortgage broker recommended their conveyancers. I paid an upfront payment of £200. Not long after, the conveyancing practitioner called me embarrassingly acknowledging that they were not on the Skipton conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Skipton panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I need some expedited conveyancing in Southampton as I have pressure to sign on the dotted line inside one month. Thankfully I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are not taking a mortgage you have the choice not to have searches carried out although no solicitor would recommend that you don't. With lots of history conveyancing in Southampton the following are examples of issues that can show up and adversely impact future saleability: Enforcement Actions, Overdue Charges, Outstanding Grants, Unadopted Roads,...
I am buying my first flat in Southampton with the aid of help to buy. The developers would not reduce the amount so I negotiated 6k of additionals instead. The house builders rep advised me not inform my lawyer about this extras as it would adversely affect 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 father-in-law has recommend that I instruct his lawyers for conveyancing in Southampton. Should I use them?
Much as we are happy to recommend a Southampton conveyancing lawyer the ideal way to find a conveyancing lawyer is to seek feedback from friends or family who have previously instructed the firm that you are contemplating using.