I am not well enough to travel far from Droitwich Spa. I would like to know the understand why all Droitwich Spa lawyers aren't included on all mortgage company panels?

Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud annually.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 conclusions included recommendations for lending institutions to review their conveyancing panels, which triggered a major policy change in the sector. This led to mortgage companies removing less reputable firms from their panel of approved property lawyers .

Is it possible for conveyancing in Droitwich Spa to be done within a month?

First, If you are under a tight deadline for your conveyancing it is highly recommended that your lawyer is familiar with the location as they will benefit local contacts and insight. It is even conceivable that they would have transacted previoushouses in the same street. You would be best advised to use a Droitwich Spa conveyancing firm. In addition, check that the lawyer is on the on the approved list for your mortgage company. It is estimated that nearly one in five of Droitwich Spa conveyancing deals are delayed or jeopardised after finding out that a buyer’s lawyer was not on their banks list of approved solicitors. This can often result in the legal transfer of property being delayed by almost three weeks. It is estimated that this issue impacts in the region of 100,000 home moves every year. Many Droitwich Spa conveyancing firms can not act for certain mortgage companies so do check as early as possible.

Does a directory service exist listing Nottingham panel solicitors in Droitwich Spa on the Council of Mortgage Lender’s Website?

No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. Very few banks make their panel listings open the public on the web. Where you are looking for a Droitwich Spa conveyancing practitioner on the Nottingham please use our tool.

I am purchasing a property in Droitwich Spa. A rare aspect is that the roof has a solar panel. HSBC have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?

Given that your lender is HSBC your lawyer must follow the conveyancing instructions contained in Section two of UK Finance Lenders’ Handbook for HSBC. The CML Handbook includes minimum specifications for solar panel roof-space leases, and lawyers are required to report to HSBC where a lease fails to satisfy these requirements. The requirements relate to the installation of panels on properties countrywide and is not isolated to Droitwich Spa.

I recently had an offer agreed on an apartment in Droitwich Spa. My mortgage broker suggested a conveyancer. I paid an on account payment of £150. Not long after, the solicitor contacted me to say that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

I'm remortgaging my existing house to a buy to let mortgage with The Mortgage Works and intend to use the remaining equity as a down payment on a second house. The neighborhood we are looking at is Droitwich Spa. Will your conveyancers be able to act for both sets of mortgage companies and link together the two deals?

Make use of our comparison tool on this site to check that the conveyancers are approved by both lenders. Having checked that they are the conveyancer should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and make apparent your expectations and needs.

I would be grateful if you could clarify what options are open to me where my Droitwich Spa conveyancing searches reveals adverse results?

Usually, the majority of adverse entries arising from Droitwich Spa conveyancing search results can be addressed before completion or indemnity insurance may be taken. You need to note that even though you are acquiring the property and may be willing to accept the search results, your mortgage lender may not, and when all said and done the decision rests with them.