I am getting a mortgage with Nat West. I hope to employ the services of a Licensed Conveyancer in Stockbridge. Does the Nat West Solicitor panel exclude conveyancers regulated by the CLC?
The Nat West conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
What is the first thing I need to know regarding purchase conveyancing in Stockbridge?
You may not hear this from too many lawyers but conveyancing in Stockbridge and elsewhere in England and Wales is an adversarial experience. In other words, when it comes to conveyancing there exists plenty of room for conflict between you and other parties involved in the legal transfer of property. E.g., the vendor, property agent and even potentially your lender. Choosing a law firm for your conveyancing in Stockbridge an important selection as your conveyancer is your adviser, and is the SOLE party in the transaction whose role it is to look after your legal interests and to protect you.
We are witnessing a definite ongoing adversarial element to conveyancing- someone has to be at fault for the process being so protracted. We recommend that you your first instinct should be to trust your solicitor above the other players in the conveyancing process.
My lawyer in Stockbridge is not on the Britannia Approved Panel. Can I still use my family solicitor even though they are not on the Britannia list of approved lawyers?
The limited options open to you here include:
- Complete the purchase with your existing Stockbridge lawyers but Britannia will need to retain a lawyer on their panel. This will inevitably rack up the overall conveyancing fees as well as cause frustration.
- Get a new lawyer to to deal with the conveyancing, not forgetting to check they are Britannia approved.
- Try to convince your Britannia based solicitor to try to join the Britannia panel
Me and my partner are buying a flat in Stockbridge. I might seem paranoid but how we can trust a lawyer? At some point we have to deposit our life savings into their account. What protection do we have from them run away with our monies?
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.
When it comes to mortgage companies such as Clydesdale, do Stockbridge property lawyers have to pay an annual charge to be on the list of approved solicitors?
We are not aware of any lender fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
I am expecting a AIP from UBS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do UBS recommend any Stockbridge solicitors on the UBS conveyancing panel, or is it better to go independently?
You will need to appoint Stockbridge solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
I am looking into buying my first house which is in Stockbridge and I am already nervous. I couldn't find anything specific about Stockbridge. Conveyancing will be needed in due course but do you know about the Stockbridge area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Stockbridge. In the meantime here are some basic statistics that we found
My lawyers in Stockbridge have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with the bank. Is it case that being on the bank conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the lender Conveyancing Panel Terms. It might be worth you contacting the lender directly.