I am nearing exchange of contracts for my maisonette in Bow Street and the estate agent has just called to warn that the buyers are swapping law firm. The excuse is that the bank will only engage with property lawyers on their conveyancing panel. On what basis would a major mortgage company only deal with certain law firms rather the firm that they want to choose for their conveyancing in Bow Street ?
Banks have always had an approved set of law firms they are willing to work with, but in recent years big names such as Nationwide, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.
Banks blame a rise in fraud by way of justification for the reduction – criteria have been narrowed as a smaller panel is easier to monitor. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is being contacted daily by practices that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are unlikely to have any impact on this.
I am purchasing a terraced house in Bow Street. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Bow Street you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Bow Street.
Is it possible to switch firm as I have to appoint a firm on the Clydesdale conveyancing list. I hired a family conveyancing solicitor in Bow Street round the corner but the firm is not accepted by Clydesdale
We will our best to assist in finding you a conveyancing solicitor in Bow Street on the Clydesdale panel. Please note that the solicitors that we work with do not pay us fee if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Bow Street. In making use of the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Bow Street.
I am thinking of appointing a conveyancing practitioner in Bow Street for my sale. Is there any facility to check a solicitor's complaints history with the legal regulator?
Members of the public may search for presented Solicitor Regulator Association (SRA) determinations resulting from investigations from 2008 onwards. Go to Check a solicitor's record. To find details Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The regulator could monitor call for training reasons.
My mother and father cant seem to find their Bow Street land registry title on the site. They recall that 50 years ago when they bought the property there were complications with Bow Street not being identified on some systems.
Almost all properties in Bow Street should appear. Have you endevoured to search with simply the postcode. Normally it should disclose all the properties within the postcode. Assuming the property is recorded it will be there with a title number. Where they bought 48 years ago it's conceivable it may be unregistered. The property may still be revealed but with the title number shown 'na'. In this scenario you will need to locate the original title deeds which might be with your parent’s bank.