I have a decision in principle. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would prefer to appoint a specialised conveyancing solicitor in Loughton?
Do check but the chances are that appoint one of their panel conveyancers should you accept the "fee-free" offer. Call the mortgage company and determine if they make available a cash alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Loughton.
is it true that all Loughton solicitor firms on the UBS conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the UBS approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Some mortgage companies do allow licenced conveyancers on their panel in which case such practice would be governed by the Council of Licensed Conveyancers.
We have a mortgage agreed in principle with RBS. Loughton conveyancing lawyers were chosen. How long does it take for RBS to forward the offer to the conveyancer?
Some lenders take longer than others. Have RBS completed the valuation? Have you informed RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am currently in the process of buying my council flat in Loughton. I have a mortgage offer with Kent Reliance. 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 Kent Reliance, you will need to appoint a solicitor on the Kent Reliance conveyancing panel.
How does conveyancing in Loughton differ for new build properties?
Most buyers of new build premises in Loughton contact us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is completed. This is because house builders in Loughton typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Loughton or who has acted in the same development.
Are there any apps to help search for a Loughton law firm on the Platform Home Loans Ltd conveyancing panel? I have wheels and am happy to travel upto 25kilometers to meet the conveyancer.
Feel free to make use of the search on this website. Please pick a bank and your location and you will see a number of Loughton conveyancing lawyers locally. We have detailed some Loughton conveyancing firms towards the end of this page and you can ring them to check whether they are on the Platform Home Loans Ltd approved list
My mortgage broker has recommended their solicitor for my conveyancing in Loughton - won’t it be easier to just use them?
You need to establish if the selling agent is recommending a conveyancing practitioner or introducing to a conveyancing practitioner. There are plenty of Loughton estate agents who recommend two or three Loughton conveyancing firms and get nothing from it.