We are intending to purchase a 1 bedroom flat in Warkworth with a mortgage. We have a Warkworth solicitor, however the lender advise she’s not on their "panel". We have to appoint one of the bank panel firms or retain our Warkworth conveyancer and pay for one of their panel ones to represent them. We consider that this is unjust; are we not able to demand that the lender use our Warkworth property lawyer ?
Unfortunately,no. The mortgage offered to you 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 Warkworth conveyancing solicitor to apply to be on the conveyancing panel.
We note that you have a search directory listing law firms on the Clydesdale conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Warkworth?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Warkworth.
What is the difference between a licensed conveyancer and conveyancing solicitor in Warkworth
There are many recorded licenced Conveyancers in Warkworth and Solicitor partnerships in Warkworth who can assist with your conveyancing It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal work in transferring property. They may both also conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Are all Warkworth Conveyancing Quality Solicitors on the Skipton conveyancing list of approved firms?
Some major lenders now use CQS as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of firms.
I was told two weeks ago that my mortgage has been agreed to by Leeds Building Society. Is it usual for Leeds Building Society to only issue the offer once my solicitor in Warkworth is approved on their conveyancing panel? Leeds Building Society have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have recentlybeen informed that Arc property Solicitors have been shut down. They carried out my conveyancing in Warkworth for a purchase of a leasehold flat 10 months ago. How can I check that my home is registered correctly in the name of the former proprietor?
The easiest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Warkworth conveyancing specialists.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Warkworth is where the house is located. Can you shed any light on this issue?
Flying freeholds in Warkworth are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Warkworth you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Warkworth may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
In my capacity as executor for the estate of my father I am selling a residence in Newport but live in Warkworth. My conveyancer (who is 250 kilometers from meneeds me to sign a statutory declaration ahead of completion. Can you recommend a conveyancing lawyer in Warkworth who can attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are located in Warkworth