We note that you have a search directory identifying law firms on the Nottingham conveyancing panel. Do firms pay you a referral fee if I appoint them for our own conveyancing in Blaina?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Blaina.
I had intended to instruct a property lawyer in Blaina for our home move. Our broker informed us that our mortgage company Barnsley Building Society won't deal with them. Why is this not regarded as unduly restrictive?
A decade ago most banks had an appetite for risk which was higher than today. Almost all Blaina conveyancing firms would have been on many lender panels. The FSA in 2010 conducted a thematic review into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more information from law firms about their operations and their employees as well as set certain criteria such a completing on a minimum amount of transactions. Many Blaina 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. Blaina is one of the thousands of locations where the lawyers we list are on the panel for Barnsley Building Society.
I have been told that property searches are the number one reason for stalling in Blaina conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Blaina.
Me and my brother have a terraced Victorian property in Blaina. Conveyancing solicitor represented me and National Westminster Bank. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the matching property. Is it worth asking National Westminster Bank to clarify?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Blaina and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with the conveyancing lawyer who conducted the purchase.
How does conveyancing in Blaina differ for new build properties?
Most buyers of new build premises in Blaina come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is ready to move into. This is because developers in Blaina typically acquire 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 conveyancing solicitors 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 Blaina or who has acted in the same development.