Common questions asked concerning the St James Place Solicitor Panel
from members of the public
I have been advised by my broker that I have to pay St James Place fees should I instruct my family lawyer. How good are the St James Place conveyancing panel solicitors? I dont care which law firm I use provided that they are good and reasonably priced. Would you recommend a specific law firm on the St James Place panel?
St James Place’s conveyancing panel is substantial so it would be advisable to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that St James Place will allow to act for them.
Please assist. My lawyer is not to blame but, my purchase conveyancing has been going on for months. The Local Authority Search from St James Place was issued random date and we have agreed a date for me to move into the property on Tues etc. My lawyer informs me that as she is on the St James Place conveyancing panel she needs to reorder the searches as they are no longer acceptable to the lender.
A precondition to being on the St James Place approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on St James Place)which states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to St James Place.
How up to date is your search tool for the St James Place conveyancing panel? Do St James Place send you an updated list?
The firms themselves provide us confirmation that they are on the St James Place conveyancing panel as opposed to being supplied with a list from St James Place directly.
I am purchasing a new build flat and getting a mortgage with St James Place. 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 St James Place 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 St James Place conveyancing panel in your location.
Is it the case that all conveyancing lawyers on the St James Place conveyancing panel work on a no sale no fee basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
We have a mortgage agreed in principle with St James Place. Solicitors have been appointed? What is the average time that one could expect to receive a mortgage offer from St James Place?
There is no definitive answer here. Have St James Place done the survey? Have you advised St James Place as your lawyers details and checked that your lawyer is on the St James Place conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
I have paid off my mortgage with St James Place. I assume I don't need a solicitor on the St James Place panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your St James Place 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 St James Place mortgage from the register. St James Place,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 St James Place has sent the Land Registry the discharge electronically, and
the St James Place has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your St James Place mortgage has been paid off.