I had intended to instruct a property lawyer in Crynant for our house move. Our broker informed us that our mortgage lenders Nationwide Building Society won't deal with them. Why is this not regarded as unfair competition?
Mortgage Companies on the whole imposes restrictions either the category or the amount of conveyancing solicitors on their panel. Typical examples of such restriction(s) being that a law practice must not be a sole practitioner. In addition to restricting the type of firm, some have decided to limit the amount of firms they use to represent them. Be aware that Nationwide Building Society have no responsibility for the quality of advice provided by any member of Nationwide Building Society Conveyancer Panel. Mortgage fraud was a primary driver in the reduction of conveyancing panels a few years ago even though there are differing opinions concerning the level of solicitor engagement in some of that fraud. Data from the Land Registry reveal that plenty of law firms, including some in or near Crynant only carry out very few conveyances per annum.
Due to the advice of my in-laws I had a survey completed on a house in Crynant ahead of appointing conveyancers. I have been advised that there is a flying freehold element to the property. The surveyor advised that some banks tend not give a mortgage on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Crynant. Conveyancing will be smoother if you use a solicitor in Crynant especially if they are accustomed to such properties in Crynant.
I was advised by numerous estate agents in Crynant to get a quote from a solicitor on your site. What’s the financial advantage for Estate Agents to promote your site over alternative conveyancing organisations?
We refuse to give any financial incentive for pointing buyers and sellers our way. We thought it would be too underhand a fee because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Crynant. I have stumble upon a web site which seems to have the perfect offering If it is possible to get all the legals completed via web that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
When it comes to my conveyancing in Crynant should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Crynant conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the solicitor's time in submitting the funds this way.