My wife and I are intent on acquiring a leasehold flat in Cromer. My Solicitor has never been on on the lender approved panel. Can I still retain my Cromer conveyancing solicitor notwithstanding that they are not on the bank panel of approved conveyancing solicitors?
Your options include
- Complete the deal with your existing Cromer solicitor but your bank will undoubtedly use a conveyancing practitioner on their conveyancing panel. This will result in additional charges and potential delay.
- Appoint a new property lawyer to act in the purchase, obviously checking they are on the bank conveyancing panel.
- Convince your conveyancer to apply to join the lender panel
In what way does my ID and proof of funds have anything to do with my conveyancing in Cromer? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in Cromer. Nowadays you will not be able to proceed with any conveyancing transaction in the absence providing evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a bank statement. Remember if you are supplying your driving licence as proof of identification it needs to be both the paper section and photo card part, one is not satisfactory in the absence of the other.
Evidence of your source of funds is required in accordance with the Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancer must have this information on file. Your Cromer conveyancing solicitor will require evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask additional questions regarding the source of funds.
I am looking to buy a flat and require a conveyancing solicitor in Cromer who is on the The Mortgage Works solicitor. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for The Mortgage Works in certain locations such as Cromer. We dont recommend any particular firm.
Can you point me to a directory of Coventry BS panel conveyancers in Cromer on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lending institutions make their panel listings available over the internet. Where you are looking for a Cromer conveyancing practitioner on the Coventry BS please make the most of our tool.
My partner and I have organised the release of further monies on our home loan from Lloyds as we intend to conduct a loft conversion to our house in Cromer. Do we need to choose a high street Cromer solicitor on the Lloyds conveyancing panel to handle the paperwork?
Lloyds do not ordinarily appoint 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 Lloyds conveyancing panel.
I'm at the point of viewing flats in Cromer and I am about to put in an offer. Is it premature to have a solicitor in place? I will be getting a home loan with Nationwide.
It would be advisable to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. Given that you are getting a mortgage with Nationwide, ask your prospective lawyers if they are on the Nationwide conveyancing panel otherwise they can't do the mortgage legal work.
My husband and I accepted an offer on a Cromer apartment left to us ten years ago in 2011. I have over ten years conveyancing experience and, now retired, wish to carry out the conveyancing. The purchaser's lawyer has informed me that their building society will not allow us to do our own conveyancing insisting the funds to be passed via a solicitor's bank account.
Lending instructions to lawyers from all CML members state that If the vendor is not legally represented the purchaser’s lawyers should check whether the mortgage company needs to be notified so that a decision can be reached as to whether they are willing to proceed.