I am not well enough to travel far from Fernhill Heath. I would like to know the reason why all Fernhill Heath conveyancers aren't included on all lender panels?
Before the recession most banks demonstrated an attitude to risk which is different from today. The Financial Services Authority in 2010 instigated a thematic review into fraud which in summary warned lenders: know the solicitors on your panel. Consequently, lenders have subsequently requiredmore data from law firms regarding their processes and the individuals employed by them and set certain criteria such as completing a minimum number of transactions. Many firms have found themselves excluded from lender panels even though they had an exemplary disciplinary record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms found it impossible satisfy the minimum volume of transactions the lenders required.
How does conveyancing in Fernhill Heath differ for newly converted properties?
Most buyers of new build premises in Fernhill Heath come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Fernhill Heath usually acquire the land, 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 accustomed to new build conveyancing in Fernhill Heath or who has acted in the same development.
Is it possible to swap solicitor as I need to find one who is on the The Royal Bank of Scotland conveyancing panel. I was using a family conveyancing solicitor in Fernhill Heath round the corner but she is not accepted by The Royal Bank of Scotland
It would be our pleasure to help you find a conveyancing solicitor in Fernhill Heath on the The Royal Bank of Scotland panel. Please note that the solicitors that we list do not pay us a referral fee if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Fernhill Heath. Using the find a conveyancing solicitor tool on this site, you can compare charges for conveyancing solicitors in Fernhill Heath and beyond.
We're novice buyers - agreed a price, yet the agent has warned us that the seller will only move forward if we instruct the agent's preferred lawyers as they want an ‘expedited deal’. My instinct tells me that we should use a family solicitor with experience of conveyancing in Fernhill Heath
It is improbable the vendors are behind this. If they require ‘a quick sale', turning down a genuine buyer is likely to cause more damage than good. Bypass the agents and go straight to the owners and explain that (a)you are motivated buyers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you intend to appoint your own,trusted Fernhill Heath conveyancing firm - not the ones that will earn the negotiator at the agency a introducer fee or hit his conveyancing figures pre-set by HQ.
Me and my partner have just had an offer accepted on a house and had meeting on Wednesday with Leeds Building Society for the mortgage. They warned us that when it comes to selecting a conveyancing practitioner that if they are not on their approved list of property lawyers then we will incur an additional charge of about two hundred pounds. This is is due to the fact that they will then have to instruct a solicitor to act for them in addition to the one we choose to act for ourselves and we are liable for their fees. I have requested Leeds Building Society to supply me with a list so I can obtain estimates only from their approved conveyancers but was told that I need to check with each individual conveyancer to see if they are on the panel. Is there a list online?
You can enquire of Leeds Building Society what their panel criteria is for a conveyancer.Then ask the solicitor of your choice whether they meet the criteria and have they acted on loans for Leeds Building Society before. If the answer to those is yes, then just clarify this with Leeds Building Society. Another option is to use our search facility and we may be able to locate a lawyer in Fernhill Heath on the panel for Leeds Building Society.