FAQs for the Leek United BS Conveyancing Panel
from members of the public
I need to swap lawyers as my lawyer is not on the Leek United BS panel of conveyancing solicitors. Is it practical to instruct different lawyers?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
My son-in-law is purchasing a newly built flat with a mortgage from Leek United BS. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Leek United BS conveyancing panel as a standard part of the process, and to the surveyor when requested.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Leek United BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Is it necessary during the course of the conveyancing process to visit the offices of the Leek United BS conveyancing panel solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Bristol
so that I can pop in to their offices if necessary.
Most conveyancing panel lawyers for Leek United BS undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
I am buying a terraced house and getting a mortgage with Leek United BS. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Leek United BS conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Leek United BS conveyancing panel in your location.
Why might a lender such as Leek United BS withdraw a mortgage offer?
Lenders such as Leek United BS can revoke their mortgage offer although this rarely happens. If Leek United BS withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are a few examples:
Many mortgage offers have an expiry date. Your lawyer should check this. Leek United BS may amend or withdraw an offer before the end of its validation period if an offer extension is requested and following a re-evaluation of the property the value of the security is below a level which is acceptable to them.
If the borrower informs Leek United BS of a change in the loan amount agreed
Situations where information provided by the borrower that enabled the lender to make a lending decision is fraudulent, incorrect or misleading.
Where the lender has to take account a recent change in taxation
If the solicitor on the Leek United BS conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Leek United BS ‘s instructions
I recently had an offer accepted on a house. My financial adviser recommended their conveyancers I paid an upfront payment of 150. Soon after the conveyancers contacted me to say that they were not on the Leek United BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Leek United BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My offer was accepted on a house on the 5th March 2014, valuation was booked 2 days later, all came back fine. Solicitor retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Leek United BS and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Leek United BS conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Leek United BS to deal with your lawyers application to be on the Leek United BS conveyancing panel. There's no guarantee that your solicitors will be accepted.