I had intended to instruct a conveyancing solicitor in Audley for our house purchase. Our broker informed us that our mortgage company National Westminster Bank won't deal with them. Why is this not regarded as unfair competition?

Mortgage Companies on the whole restrict either the type or the volume of conveyancing firms on their member panel. Typical examples of such restriction(s) being that a firm must not be a sole practitioner. As well as restricting the profile of firm, a few lenders have limited the number of solicitor practices they permit to act for them. Be aware that National Westminster Bank have no responsibility for the quality of advice provided by any member of National Westminster Bank Conveyancer Panel. Mortgage fraud was a primary driver in the reduction of solicitor panels since 2008 even though there are mixed views regarding the level of solicitor engagement in some of that fraud. Figures from the Land Registry indicate that plenty of law firms, including some in or near Audley only carry out very few conveyances per annum.

How does conveyancing in Audley differ for newly converted properties?

Most buyers of new build or newly converted property in Audley contact us having been asked by the developer to sign contracts and commit to the purchase even before the property is completed. This is because new home sellers in Audley tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Audley or who has acted in the same development.

I am selling my property. My past lawyers closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Audley if that makes a difference.

Please use our search tool to help you find a solicitor for your conveyancing in Audley. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.

Am I better off to choose a Audley conveyancing practitioner in close proximity to the house I am buying? An old friend can execute the legal work however his firm is located 200kilometers away.

The benefit of a local Audley conveyancing practice is that you can pop in to execute documents, hand in your identification documents and apply pressure on them if necessary. They will also have local intelligence which is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and the majority were content that must surpass using an unfamiliar Audley conveyancing solicitor solely due to them being round the corner.

I am purchasing a house with all finances in place. My solicitor has been supplied with with two distinct forms of photographic identification, bank statement, multiple utility bills. Now he needs a copy from a probate lawyer advising that the money is in order and that it has come from inheritance and not via illegitimate means.

For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Audley conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.