We are purchasing a 2 bedroom flat in Sydenham with a mortgage. We wish to retain our Sydenham solicitor, however the bank says she’s not on their "panel". We have to appoint one of the lender panel solicitors or keep our Sydenham conveyancer and pay for one of their panel ones to act for them. We consider that this is unjust; are we not able to demand that the mortgage company use our Sydenham conveyancer ?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose 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 Sydenham conveyancing lawyer to apply to be on the conveyancing panel.
Can your site be used to recommend a Conveyancing solicitor in Sydenham even where I’m not purchasing or selling a house, for example where I wish to buy an office in Sydenham with a mortgage from Leeds Building Society?
The service is primarily utilised to help choose domestic conveyancing solicitors in Sydenham but we have recorded towards the bottom of this page a selection of Sydenham commercial conveyancing firms. You should make contact with the solicitors directly to establish if they can also act for Leeds Building Society
We're in Sydenham, FTBs buying with a mortgage (lender is HSBC , and our solicitor is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Forgive me if this question is silly but I am wet behind the ears as a first time buyer of a garden flat in Sydenham. Do I receive the keys to the property on completion from my lawyer? If so, I will use a local conveyancing solicitor in Sydenham?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the vendor’s solicitors, and shortly after the monies have arrived, you should be called to pick up the keys from the selling Agents and start moving into the property. Usually this happens early afternoon.
We are getting the release of further funds on our home loan from Bank of Ireland as we intend to carry out renovations to our house in Sydenham. Do we need to appoint a nearby Sydenham solicitor on the Bank of Ireland conveyancing panel to deal with the legals?
Bank of Ireland do not ordinarily appoint a member of their conveyancing panel to deal with the formalities. 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 can not fathom if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Sydenham bank branch on a couple of occasions and was told it does not impact the mortgage offer and they would lend. My Sydenham conveyancing solicitor - who is on the lender conveyancing panel- called to say that they would not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
Provided that the lawyer is on the bank approved list, she or he must follow the CML Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am selling my home. My former solicitors have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Sydenham if that affects matters.
Please use our search tool to help you find a solicitor for your conveyancing in Sydenham. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
My step-father has suggested that I appoint his lawyers for conveyancing in Sydenham. Do I take his advice?
There are no two ways about it the best way to select a conveyancing practitioner is to have guidance from friends or family who have experience in using the conveyancer that you are contemplating using.