Me and my partner are hoping to buy a 2 bedroom apartment in Tedburn St Mary with a mortgage. We like our Tedburn St Mary conveyancer, however the mortgage company advise she’s not on their "panel". It appears that we have no choice but to instruct one of the bank panel firms or retain our Tedburn St Mary lawyer and pay for one of their panel ones to act for them. We regard this is inequitable; are we not able to insist that the bank use our Tedburn St Mary property lawyer ?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose 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 Tedburn St Mary conveyancing lawyer to apply to be on the conveyancing panel.
I am considering applying for a Bank of Ireland mortgage for purchase of a new build (under development) in Tedburn St Mary with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Bank of Ireland ?
In theory, you could use a solicitor that is not on the Bank of Ireland conveyancing panel, but Bank of Ireland would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
My bid for a property was accepted at auction in Tedburn St Mary. Conveyancing is necessary. What are my next steps?
Now that you have for all intents and purposes signed on the dotted line you should retain a conveyancing lawyer quickly as you are facing a tight a fixed date to complete the conveyancing. An auction property will have an associated legal set of papers. This should include evidence of title and search results. In the case of leasehold property the legal pack should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to leasehold premises. You must hand this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that that you have the requisite funding in order to complete the transaction on the set completion date.
Is there a list of Leeds Building Society panel solicitors in Tedburn St Mary on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. Very few mortgage companies make their panel listings viewable online. Where you are in need of a Tedburn St Mary conveyancer on the Leeds Building Society please use our facility.
We were going to get a DIP from Coventry BS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Coventry BS recommend any Tedburn St Mary solicitors on the Coventry BS conveyancing panel, or is it better to go independently?
You will need to appoint Tedburn St Mary solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
I used Wolstenholmes several years past for my conveyancing in Tedburn St Mary. I now require my papers however the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Tedburn St Mary of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
What can I expect to pay for conveyancing in Tedburn St Mary?
The total sum charged for Tedburn St Mary conveyancing costs are likely to be calculated at:
- a fixed cost; or
- an hourly rate (i.e. the time spent on the particular case).
In practice very few Tedburn St Mary conveyancing companies charge by the clock