Unfortunately I am unable to travel far from Banbury. Can you please clarify why all Banbury lawyers are not on all lender panels?

Before the recession most lenders displayed an attitude to risk which differs from the current day. The Financial Services Authority in 2010 carried out a thematic review into fraud which concluded: know the property lawyers on your panel. As a result, mortgage companies have subsequently requiredmore data from law firms regarding their operations and the staff employed by them and set certain criteria such as completing a minimum number of transactions. Thousands of firms have been removed from lender panels even though they had an exemplary track record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the minimum volume of transactions the lenders insisted on.

Are the Banbury conveyancing solicitors identified as being on the Santander conveyancing panel, together with their details provided by Santander?

Banbury conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.

I am looking for a ground for flat up to £235,500 and identified one near me in Banbury I like with open areas and station in the vicinity, however it's only got 61 remaining years left on the lease. I can't really find anything else in Banbury in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?

If you need a mortgage the shortness of the lease will likely be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.

We're novice buyers - had an offer accepted, yet the selling agent advised that the owners will only proceed if we instruct the agent's recommended lawyers as they want a ‘quick sale’. Our preferred option is to instruct a local conveyancer used to conveyancing in Banbury

It is highly unlikely the owners are driving this. If they desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is going to damage their objectives. Bypass the agents and go straight to the sellers and make sure they understand (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you are going to use your preferred Banbury conveyancing solicitors - as opposed tothose that will give the negotiator at the agency a commission or hit his conveyancing figures set by senior management.

I have been looking for Banbury online conveyancing estimates. Can I be assured that all the Banbury law firms that are identified on your website are on the bank conveyancing panel?

The solicitor and licensed conveyancing practices on our directory have advised us that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a lender or a member of the public that the data about a specific Banbury firm being on the bank conveyancing panel is incorrect.