I was advised today by my broker that my Wolverton property lawyer is not on the bank Solicitor panel. How can I be sure if this is correct?
You need to call your Wolverton conveyancer. It is reasonable to expect your lawyer to notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
I have 71 years left on my lease and require a lease extension for my flat in Wolverton. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 26/5/2023 the requirements read as follows :
is it true that all Wolverton solicitor practices on the Aldermore conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Aldermore approved list of solicitors they would need to be governed by the SRA. The majority of mortgage companies do list licenced conveyancers on their panel and in such a situation the practice would be governed by the CLC.
I have decided to exercise my right to buy my property in Wolverton off the council. I have a mortgage offer with Coventry BS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Coventry BS, you will need to appoint a solicitor on the Coventry BS conveyancing panel.
My offer was accepted on a house in Wolverton on 31/3/2023, valuation was booked five days later, all came back fine. Property lawyer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to HSBC and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the HSBC conveyancing panel. Can the lender hold off the offer?
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 HSBC to deal with your lawyer's application to be on the HSBC conveyancing panel. There's no guarantee that your solicitor will be accepted.
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 Wolverton if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Wolverton. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
My father has suggested that I appoint his lawyers for conveyancing in Wolverton. Do I take his guidance?
No doubt it’s preferable to select a conveyancing solicitor is to have referrals from friends or family who have actually previously instructed the firm you're considering.
My work colleague mentioned that before choosing a conveyancing lawyer they need approved by your lender. It happens to be my first home move but I have an offer in principle via Virgin Money and I already have a local conveyancing solicitor in Wolverton on standby. Does HSBC insist on an approved lawyer to be used? Does a directory of panel solicitors even exist for my conveyancing in Wolverton?
You should use a solicitor that is on the HSBC panel. Simply telephone your preferred Wolverton conveyancing solicitor and ask if they are on the HSBC panel. If they are not on the panel you have numerous options open to you here:
- Complete the purchase with your existing Wolverton lawyer but HSBC will no doubt appoint a property lawyer on their approved panel. This will result in additional charges together with likely delay.
- Get a fresh conveyancing practitioner to act in the purchase, making sure they are on the HSBC conveyancing panel.
- Convince your conveyancing practitioner to do everything possible to get accepted on the HSBC conveyancing panel.