Common questions asked concerning the Handelsbanken Conveyancing Panel from members of the public
My IFA has has requested my law firm’s panel member for the Handelsbanken conveyancing panel. What is the best way to discover this. I have tried my local Handelsbanken office but they don't know it.
the sensible thing to do is ask for this information from your solicitor. They should have a central record lender panel numbers including the Handelsbanken panel reference.
Our solicitor has uncovered a defect with the lease for the flat we are purchasing. The seller’s lawyers have put forward defective title insurance as a solution. We are happy with insurance and will pay for it. Our lawyer has advised that as he is on the Handelsbanken conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or Handelsbanken?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Handelsbanken are the client. A precondition to being on the Handelsbanken approved panel is to comply with the CML Handbook requirements (last updated for this lender on Handelsbanken). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Handelsbanken can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Do I have to pop into the offices of the Handelsbanken conveyancing panel solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Newcastle
so that I can attend their offices if required.
As opposed to 15 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 Newcastle
.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Handelsbanken conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Handelsbanken conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I have today made my last payment due on mortgage with Handelsbanken. I assume I don't need a solicitor on the Handelsbanken panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Handelsbanken mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Handelsbanken mortgage from the register. Handelsbanken,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Handelsbanken has sent the Land Registry the discharge electronically, and
the Handelsbanken has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Handelsbanken mortgage has been paid off.
For 5 years I had a mortgage with Handelsbanken. My godfather retired last week and wants to pay off the mortgage left on the property. After Handelsbanken is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Handelsbanken conveyancing panel? I do not intend to live at the property once the Handelsbanken mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Handelsbanken panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.
My brother and I are taking a long lease of a house in Hendon. Conveyancing solicitors in Hendon will soon beinstructed. My brother-in-lawadvised that we check that the conveyancing practitioner in Hendon is on the Handelsbanken panel. Is this right?
Far from all Hendon conveyancing practices are on the Handelsbanken conveyancing panel. Use the above search tool to search for a Hendon conveyancing lawyer on the on the Handelsbanken approved list of lawyers.