I can't travel far from Derbyshire. What is the rationale as to why all Derbyshire lawyers aren't included on all mortgage company panels?
Banks highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The dismissal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for mortgage companies to review their conveyancing panels, which kicked off a major policy change in the sector. This led to mortgage companies pruning less reputable firms off their panel of approved conveyancers .
We see that you have a post code search directory listing solicitors on the RBS conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in Derbyshire?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Derbyshire.
Do I have to attend the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Derbyshire so that I can attend their offices when needed.
Nowadays approved lawyers for mortgage companies undertake the vast majority of work via Royal Mail, internet or over phone calls. This enables them to undertake the legal work for your home move regardless of where you live in England or Wales. However you should check if you have the option of attending the offices of your conveyancing lawyer if just in case this is required.
I have been pointed in your direction by a few estate agents in Derbyshire to locate a conveyancer on your site. What’s the financial upside for Estate Agents to promote your site over a competitor’s?
We refuse to offer any referral fee for directing people our way. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Why is New Build conveyancing in Derbyshire more expensive?
Buying a new build premises is completely distinct from the normal house purchase conveyancing in Derbyshire. For a start sellers usually demand contracts to exchange very quickly, so there is a lot of pressure on your property lawyer to ensure everything is in order. In addition new build premises frequently involve the checking of adoption of highways, drains, planning considerations, building warranties or architects certificates. Lenders requirements are also more detailed. Taking into account the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.