Our Devon lawyer has identified a discrepancy when comparing the assumptions in the home valuation report and what is in the title deeds. My solicitor informs me that he is duty bound to ensure that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s course or action correct?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
We are purchasing a newly converted apartment in Devon with a residential mortgage from Nottingham Building Society.We would like to retain our Devon conveyancing practitioner but Nottingham Building Society says she’s not listed on their approved list of member firms. It seems we have no choice but to instruct a Nottingham Building Society panel solicitor or retain our local solicitor and pay for a Nottingham Building Society panel lawyer to act for them. This seems very unfair; is there anything we can do?
No, not really. The loan issued to you is subject to its various provisions, a common one being that solicitors needs to be on the Nottingham Building Society solicitor panel. Until recently, most mortgage companies had large numbers of law firms on their panels: a borrower could find 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 solicitors to apply to be on the conveyancing panel for Nottingham Building Society
Is it possible to switch conveyancer as I need to find one who is on the Birmingham Midshires conveyancing panel. I hired a high street conveyancing solicitor in Devon round the corner but she is not accepted by Birmingham Midshires
It would be our pleasure to help you select a conveyancing solicitor in Devon on the Birmingham Midshires panel. Please note that the law firms that we work with do not pay us commission if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Devon. Using search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Devon.
My husband and I are novice buyers - had an offer accepted, but the estate agent informed us that the seller will only go ahead if we instruct the agent's preferred lawyers as they are insisting on an ‘expedited deal’. We would rather use a family conveyancer with experience of conveyancing in Devon
It is unlikely the sellers are behind this. Should the vendor want ‘a quick sale', alienating a motivated purchaser is counter productive. Try to communicate with the owners directly and explain that (a)you are genuine buyers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you wish to move quickly (e)but you are going to appoint your own,trusted Devon conveyancing solicitors - as opposed tothe ones that will earn their negotiator at the agency a commission or hit his conveyancing targets demanded by head office.
Are you able recommend a good conveyancer to do the acquisition of an apartment in Devon. With any luck we will purchase the flat for £240000 with a mortgage from Coventry BS. We reside in Devon but dont care where they are.
LenderPanel.com is limited to being a directory service for conveyancing practitioners who want to be listed as being on the approved conveyancing panel for Coventry BS in certain areas such as Devon . We dont recommend any particular lawyer.