Much to our surprise we have been informed by our mortgage broker that my Stourbridge property lawyer is not on the mortgage company Conveyancing panel. How can I check?
The first thing you need to do is to call your Stourbridge conveyancer. It is reasonable to expect your lawyer to inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
I have 71 years unexpired on my lease and require a lease extension for my flat in Stourbridge. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 17/5/2025 the requirements read as follows :
When it comes to lenders such as Nottingham, do Stourbridge solicitors have to pay a yearly amount to be on the conveyancing panel?
We are not aware of any lender fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
My husband and I have organised a further advance on our home loan from Bank of Ireland as we intend to carry out improvements to our home in Stourbridge. Do we need to appoint a nearby Stourbridge solicitor on the Bank of Ireland conveyancing panel to handle the paperwork?
Bank of Ireland don't usually instruct firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Bank of Ireland conveyancing panel.
I have finally had an offer on a maisonette in Stourbridge agreed to, but there is a chain. The vendors have offered on somewhere, however it’s not yet agreed to, and are looking at other properties in the pipeline. I have chosen a high street conveyancing solicitor in Stourbridge. What should be my next step? At what point do I apply for the mortgage with Principality?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of one thousand pounds, then valuation, Stourbridge conveyancing search fees, etc). First, you must ensure that your conveyancer is on the Principality approved list. Concerning the subsequent stages this very much dictated by the circumstances of your case, motivation for this property and on the state of the market. During a hot market some purchasers would apply for the mortgage with Principality and arrange for the valuation and only if it comes back ok would they request their solicitor to move forward with the conveyancing in Stourbridge.
How does conveyancing in Stourbridge differ for newly converted properties?
Most buyers of new build or newly converted property in Stourbridge come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is built. This is because developers in Stourbridge typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Stourbridge or who has acted in the same development.
My step-father has recommend that I instruct his conveyancers in Stourbridge. Should I find my own conveyancer?
There are no two ways about it it’s preferable to select a conveyancing solicitor is to seek feedback from friends or family who have previously instructed the firm you're contemplating using.
I'm purchasing a bungalow in Stourbridge. I have found my conveyancer's company on the Law Society's list, but I can't locate my conveyancer's name on the list. Is this a big problem?
Not every individual in the law firm must be listed by the regulator. As long there is someone qualified to 'oversee' the work, the actual day-to-day activity can be undertaken by unqualified staff.