I am not in a position to travel far from Coombe Dingle. Is there a reason why all Coombe Dingle conveyancers aren't automatically on all bank panels?
Banks point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud every year.The elimination of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for mortgage companies to review their conveyancing panels, which kicked off a major policy change in the sector. It led to mortgage companies purging a number of firms from their official list of approved property lawyers .
The property market in Coombe Dingle is hotting up. What can I do to quicken up the conveyancing process?
Where the seller is applying a tight deadline to sign contracts we would recommend that your conveyancer is familiar with the location as they will have local connections and intelligence. It is even conceivable that they could have handled previoushomes in the same neighbourhood. Therefore consider using a Coombe Dingle conveyancing solicitor. In addition, check that the lawyer is on the member panel. It is said that nearly one in five of Coombe Dingle conveyancing transactions are frustrated or jeopardised after discovering a purchaser’s lawyer was not on their banks list of approved solicitors. In many cases this discovery resulted in the home move being frustrated by almost three weeks. It is understood that this issue affects in the region of one hundred thousand home moves annually. Many Coombe Dingle conveyancing practices can not act for certain banks so do check as early as possible.
I purchased my house on 12 August and the transaction details is yet to be registered. Any reason for this? My conveyancing solicitor in Coombe Dingle advises it should be concluded inside ten days. Are properties in Coombe Dingle uniquely lengthy to register?
As far as conveyancing in Coombe Dingle registration is no quicker or slower than the rest of the country. Rather than based on location, timeframes can differ subject to who lodges the application, whether there are errors and if the Land registry communicate with any other parties. At present in the region of 80% of submission are fully addressed within two weeks but some can be subject to extensive delays. Historically registration is effected after the new owner is living at the property therefore post completion formalities is not usually an essential issue but if it is urgent that the the registration takes place urgently then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.
I opted to have a survey done on a property in Coombe Dingle prior to appointing conveyancers. I have been informed that there is a flying freehold element to the house. The surveyor has said that some banks may not grant a mortgage on this type of house.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Coombe Dingle. Conveyancing will be smoother if you use a solicitor in Coombe Dingle especially if they are familiar with such properties in Coombe Dingle.
I am buying a house and require a conveyancing solicitor in Coombe Dingle who is on the lender solicitor panel. Could you point me in the right direction as regards a Coombe Dingle conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who carry out conveyancing in Coombe Dingle. We dont recommend any particular conveyancing practice.