Me and my fiance are planning to purchase a 1 bedroom apartment in High Peak with a mortgage. We like our High Peak solicitor, but the bank says she’s not on their "panel". It appears that we have little option but to appoint one of the mortgage company panel solicitors or retain our High Peak conveyancer and pay for one of their panel lawyers to represent them. We regard this is unjust; can we not insist that the lender use our High Peak solicitor ?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your High Peak conveyancing lawyer to apply to be on the conveyancing panel.
We are a couple about to exchange contracts for a semi detached house in High Peak. We encountered a snag. Our loan offer with Britannia runs out on 30/3/2026 but the sellers are suggesting a completion date of 1/4/2026. Can one prolong the loan expiry date?
The person best placed to address this concern is your solicitors who will determine if they should be discussing with the lender, seller’s conveyancers, selling agents or indeed all parties taking into account what has happend in your house move to date.
Does a directory service exist listing Nationwide panel conveyancers in High Peak 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 banks make their panel listings viewable over the internet. Where you are in need of a High Peak conveyancer on the Nationwide please use our tool.
Last month we had a mortgage agreed in principle with Bank of Ireland. High Peak conveyancing solicitors are appointed. What is the average time that one could expect to receive a mortgage offer from Bank of Ireland?
There is no definitive answer here. Have Bank of Ireland conducted the valuation? Have you advised Bank of Ireland as to your lawyers' details and checked that your lawyers are on the Bank of Ireland conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my High Peak building society branch on various occasions and was told it does not affect the mortgage offer and they will lend. My High Peak conveyancing solicitor - who is on the bank conveyancing panel- called to say that they will not lend in accordance with their published requirements. Who do I believe?
Your property lawyer has to follow the Council of Mortgage Lenders’ Handbook section two requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I am using a search engine for the term cheap conveyancing in High Peak it shows results of many property lawyersin the vicinity. How do I determine which is the right solicitor for me?
The best method of finding a suitable conveyancer is through a personal referral, so seek the opinion of friends and family who have purchased a property in High Peak or a local estate agent or mortgage broker. Costs for conveyancing in High Peak vary, so it's a good idea to request at least four estimates from different conveyancers. Dont forget to clarify that the charges are guaranteed not to rise.
We have an offer in principle from Bank of Scotland who said that they will lend up to £300k. At what point do I need to appoint a practitioner for conveyancing? High Peak is where we are .
It would be wise to appoint a conveyancer now so that the solicitor can open the ledger so they can conduct their ID checks etc. Once you wish them to commence work they will seek a deposit normally approximately £225. That would normally be once you have the loan offer from your bank and survey back, however if you wish to expedite matters you can start sooner even though you may be risking some expense.