West Bromwich Mortgage Company Conveyancing Panel : Questions and Answers from members of the public
I am obtaining a mortgage offer from West Bromwich Mortgage Company. I intend to retain the legal services of a Licensed Conveyancer. Does the West Bromwich Mortgage Company Conveyancing panel include Licensed Conveyancers
West Bromwich Mortgage Company’s conveyancing panel is, like many other lenders associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
My solicitor is asking me for identification documents asserting that this forms part of his legal duty as a solicitor on the West Bromwich Mortgage Company Solicitor panel. Am I being spun a yarn?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that West Bromwich Mortgage Company also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with West Bromwich Mortgage Company CML Handbook requirements last updated on West Bromwich Mortgage Company
Are there any apps to help find a local solicitor on the West Bromwich Mortgage Company conveyancing panel? I have a car and am prepared to travel up to 20 kilometers to meet the lawyer.
You can use the find a conveyancing panel tool on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the West Bromwich Mortgage Company solicitor panel.
I am buying a semi-detached house and getting a mortgage with West Bromwich Mortgage Company. 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 West Bromwich Mortgage Company 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 West Bromwich Mortgage Company conveyancing panel in your location.
I have a mortgage with West Bromwich Mortgage Company. My father has just retired and wants to pay off my mortgage. After West Bromwich Mortgage Company 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 West Bromwich Mortgage Company conveyancing panel? I do not intend to live at the property once the West Bromwich Mortgage Company mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the West Bromwich Mortgage Company 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.
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with West Bromwich Mortgage Company. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with West Bromwich Mortgage Company you will need to appoint a solicitor on the West Bromwich Mortgage Company conveyancing panel.
After shopping around on the internet I have found a solicitor having checked that they are on the West Bromwich Mortgage Company conveyancing panel. Does my lawyer arrange the survey of the property?
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I've digested plenty of house buying,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the West Bromwich Mortgage Company conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
West Bromwich Mortgage Company will need an independent valuation of the property. Your lawyer will not arrange this. Usually West Bromwich Mortgage Company will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey.
You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
or
Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with West Bromwich Mortgage Company you could contact your them to see if they have a list of approved surveyors.
