My husband and I wish to acquire a newly converted apartment in Bridgnorth with a loan from Chelsea Building Society.We would like to retain our Bridgnorth conveyancing lawyer but Chelsea Building Society says his firm is not listed on their "panel". It seems we have little choice but to instruct a Chelsea Building Society panel lawyer or keep our high street solicitor and pay for a Chelsea Building Society panel lawyer to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The loan issued to you contains various provisions, one of which will be that lawyers will be on the Chelsea Building Society solicitor panel. in the past, most mortgage companies had large numbers of solicitors 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. A further alternative is for your solicitors to apply to be on the conveyancing panel for Chelsea Building Society
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Bridgnorth?
There are two types of lawyers who can execute conveyancing in Bridgnorth namely CLC regulated conveyancers or solicitors. Both professionals administer conveyancing services that required to complete the sale or acquisition of property. Both are obliged to conduct Bridgnorth conveyancing to the same standards and guidelines so you can be safe in the knowledge that your conveyancing will be professionally conducted and that all requisite procedures should be suitably followed.
How can we know in advance if a Bridgnorth conveyancing solicitor on the Bank of Ireland panel is any good?
When it comes to conveyancing in Bridgnorth getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer conducting your transaction.
I can not fathom if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Bridgnorth bank branch on numerous occasions and was told it wasn't an issue and they would lend. My Bridgnorth conveyancing solicitor - who is on the lender conveyancing panel- called and was told they refuse to lend based on their specific requirements. I simply don't know who is right.
Your lawyer must comply with the Council of Mortgage Lenders’ Handbook section two requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when acquiring a property in Bridgnorth?
Unless a prior purchase of the property took place after 12 October 2013 you can assume that solicitors carrying out conveyancing in Bridgnorth to continue to suggest a chancel search and or insurance against a claim.
I am looking to sell my house. My past solicitors has retired. I am in need of a recommendation of a conveyancing firm. I happen to live in Bridgnorth if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Bridgnorth. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
Me and my husband have just had an offer accepted on a property and had meeting on Monday with HSBC for the mortgage. They advised me that when it comes to appointing a property lawyer that if they are not on their approved panel of conveyancers then we will incur a further fee of about two hundred pounds. This is is due to the fact that they will then have to instruct a conveyancer to act for them as well as the one we select for ourselves and we assume responsibility for their invoice. I have requested HSBC to supply me with a list so I can request quotes only from their approved lawyers but was told they dont have such a list to hand over. Is there a simple way of finding out who is on a lender panel?
You should ask HSBC what their criteria for panel membership is for a solicitor.Thereafter ask the conveyancer of your choice whether they fit that criteria and have they acted on mortgages for HSBC in the past. If the answer to those is yes, then just clarify this with HSBC. Alternatively please use our search tool and we may be able to locate a solicitor in Bridgnorth on the approved list for HSBC.