I have just been advised by my estate agent that my Hemel Hempstead the law firm I have appointed is not on the mortgage company Solicitor panel. How can I be sure if this is correct?
The first thing you need to do is to call your Hemel Hempstead conveyancer. You lawyer should inform you of the situation. Where they are not on the panel they may recommend you to a Hemel Hempstead conveyancing practice that is on the approved list of lawyers for your bank.
My husband and I are approaching an exchange on a property in Hemel Hempstead and my mum and dad have transferred the 10% deposit to my solicitor. I am now advised that as the deposit has not come from me my solicitor needs to make a notification to my bank. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
The conveyancer is duty bound to clarify with lender to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Hemel Hempstead?
There are two types of lawyers who can carry out conveyancing in Hemel Hempstead namely licenced conveyancers or solicitors. The two can provide the legal services that you need to complete the disposal or purchase of property. They are both obliged to conduct Hemel Hempstead conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be professionally conducted and that all requisite steps should be appropriately followed.
We are getting a further advance on our mortgage from Nationwide as we intend to conduct renovations to our home in Hemel Hempstead. Do we need to appoint a local Hemel Hempstead solicitor on the Nationwide conveyancing panel to handle the legals?
Nationwide would not normally require firms on their conveyancing panel 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 Nationwide panel.
We expect to receive a AIP from Aldermore this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Aldermore recommend any Hemel Hempstead solicitors on the Aldermore conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Hemel Hempstead solicitors independently although you'll need to choose one on the Aldermore conveyancing panel. The solicitor represents both you and Aldermore through the process.
Various internet forums that I have come across warn that are the primary cause of stalling in Hemel Hempstead conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays in the conveyancing process. Searches are unlikely to feature in any delay in conveyancing in Hemel Hempstead.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the mortgage company conveyancing panel solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Hemel Hempstead so that I can attend their offices when needed.
As opposed to twenty years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Hemel Hempstead.