I had intended to instruct a conveyancing solicitor in Penkridge for our home move. Our broker has since notified us that our mortgage lenders Skipton Building Society won't deal with them. Why is this not regarded as unfair competition?

Before the recession most mortgage companies had an appetite for risk which was higher than today. Almost all Penkridge conveyancing firms would have been on many bank panels. The FSA in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, lenders are increasingly seeing more information from law firms concerning their operations and the individuals who work for them as well as establishing certain criteria such a completing on a minimum volume of conveyancing. Many Penkridge conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Penkridge is one of the thousands of locations where the solicitors showing on our search results are are authorised to act for Skipton Building Society.

I have been told that property searches are a common cause of stalling in Penkridge house deals. Is this right?

The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of slowing down conveyancing in Penkridge.

I've recently found out that there is a flying freehold element on a house I put an offer in last month in what should have been a straight forward, no chain conveyancing. Penkridge is the location of the property. Can you shed any light on this issue?

Flying freeholds in Penkridge are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Penkridge you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Penkridge may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

My husband and I are four weeks into a residential purchase having been recommend to solicitors by the local agent to handle our conveyancing in Penkridge. I am am very dissatisfied with the level of service. Could you help me find new conveyancers?

They would have to be really bad to suggest replacing them. Has the mortgage been sent? In the event that it has you will need to inform them of the new contact details and ensure the mortgage documents are re-issued. The solicitor ideally should be on the mortgage company approved list to avoid added fees and complications. That should be your starting point. Our find a solicitor tool will assist you in finding a bank approved solicitor for your home move in Penkridge

What could I expect to pay for conveyancing in Penkridge?

The total sum levied for Penkridge conveyancing fees can vary considerably from company to company. In the circumstances it all the more critical for you to have a full summary of charges when you first appoint a conveyancer. It is advisable to find a couple quotes.