My wife and I are planning to buy a house in Croydon and have appointed a Croydon conveyancing firm. Within the past 48 hours our solicitor has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Barnsley Building Society have this morning contacted us to advise us that they have now hit a problem as our Croydon solicitor is not on their approved list of lawyers. Is this a problem?
If you are buying a property with the assistance of a mortgage it is normal for the purchasers' lawyers to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the bank's conveyancing panel and you may continue to use your own Croydon solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
Is there a list of Virgin Money panel conveyancers in Croydon on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings visible over the internet. Where you are seeking to appoint a Croydon lawyer on the Virgin Money please use our tool.
My wife and I have arranged a further advance on our home loan from Leeds Building Society as we intend to carry out a loft conversion to our property in Croydon. Do we need to select a bricks and mortar Croydon solicitor on the Leeds Building Society conveyancing panel to handle the paperwork?
Leeds Building Society do not ordinarily appoint a member of their approved list of lawyers 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 Leeds Building Society panel.
My wife and I are in the process of looking at houses in Croydon and I am about to put in an offer. Should I already have a property lawyer appointed at this stage? I will be getting a home loan with RBS.
It would be wise to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. As you are obtaining a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.
We are buying a property and the lawyer has identified Chancel Repair to which the house may be obligated to pay given it’s proximity to the area of such a church. He has suggested insurance. Is this really warranted for conveyancing in Croydon
Unless a previous purchase of the property took place post 12 October 2013 you could assume that lawyers conducting conveyancing in Croydon to remain recommending a chancel search and or chancel repair liability insurance.
What tools are available to identify a Croydon law firm on the Godiva Mortgages Ltd conveyancing panel? I drive a motor bike and am prepared to travel upto 20kilometers to meet the solicitor.
You can use the facility on this page. Please pick a mortgage company and your location and you will see a number of Croydon conveyancing lawyers based on proximity. We have detailed some Croydon conveyancing firms at the bottom of this page and you can telephone them to verify if they are on the Godiva Mortgages Ltd member panel
We are 14 days into a residential purchase having been recommend to a firm by the estate agent to perform conveyancing in Croydon. I am not happy. Could you help me find new conveyancers?
A conveyancer would need to be very bad in order to consider replacing them. Has the mortgage been issued? In the event that it has you will need to inform them of the replacement conveyancer and get the offer are re-sent. The conveyancer needs to be on the lenders approved list to avoid escalating charges and complications. That should be your first question of the new solicitors. Our search tool should help you find a lender approved conveyancer for your home move in Croydon
Why am I unable to complete my conveyancing in Croydon on Easter Monday?
This is due to the fact that on completion the money needs to be transferred electronically between the banks of the buyer and owner’s conveyancing practitioner and at present this can only happen on a business day. It is not possible to complete on a weekend either.