Am I correct in assuming that the fact that my solicitor in Axminster is not on my lender's conveyancing panel that there is a problem with the quality of the firm’s work?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should simply call the Axminster conveyancing practice and enquire why they are no longer on the approved list for your bank.
Can conveyancing in Axminster to be completed inside a month?
First, If you are under pressure for your conveyancing it is highly recommended that your conveyancer is familiar with the area as they will benefit local relationships and know-how. It is even conceivable that they may have transacted previousproperties in the same street. You would be best advised to use a Axminster conveyancing firm. Second, make sure that the conveyancing firm is on the on the approved list for your mortgage company. It is claimed that just under twenty per cent of Axminster conveyancing deals are delayed or jeopardised after finding out that a purchaser’s solicitor was not on their banks list of approved solicitors. This can often result in the buying process being held up by as much as 21 days. It is estimated that this issue affects in the region of 100,000 home moves every year. Almost all Axminster conveyancing practices can not act for certain banks so do check as early as possible.
In what way does my ID and proof of funds have anything to do with my conveyancing in Axminster? Why is this being asked of me?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the potential client they are dealing with before they can accept their conveyancing instruction. The Terms and Conditions that you are required to sign will no doubt reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you refuse to hand over identification documents, your lawyer will not be able to take you on as a client.
What tools are available to search for a Axminster solicitor on the Lloyds TSB Bank conveyancing panel? I drive a motor bike and am willing to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the facility on this website. Please pick a mortgage company and your location and you will see a number of Axminster conveyancing lawyers located nearest you. We have listed some Axminster conveyancing firms towards the end of this page and you can call them to check if they are on the Lloyds TSB Bank panel
I have been recommended a conveyancing solicitor in Axminster. I I would like to check if they are on the bank's conveyancing panel. Could you or the lender confirm if they are on the panel?
One option is to contact the lawyer to check if they are on the lender's panel. Alternatively please call us and we can investigate and revert. Should the firm not be on the conveyancing panel we can certainly arrange a reputable conveyancing solicitor in Axminster on the panel for your lender.