Is the fact that my conveyancer in Earley is not identified on my mortgage company's solicitor panel that there is a problem with the quality of the firm’s conveyancing?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the Earley conveyancing practice and enquire why they are no longer on the approved list for your lender.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Earley. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 24/9/2024, the requirements read as follows :
Due to the input of my in-laws I had a survey completed on a property in Earley before appointing solicitors. I have been informed that there is a flying freehold element to the house. My surveyor advised that some mortgage companies will refuse to give a loan on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. If you contact us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Earley. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm refinancing my current property to a BTL loan with Barclays Direct and I will use the ballance of the raised equity as a down payment on further property. The neighborhood we are talking about is Earley. Will your conveyancers be able to act for the two lenders and tie in the conveyances?
Do use our comparison tool on this page to ensure that the lawyers are approved by both mortgage companies. On the basis that they are your conveyancer should be able to simultaneously deal with the two transactions but you should talk with you solicitor and specify your expectations and requirements.
Am I best advised to go with a Earley conveyancing practitioner who is local to the property I am purchasing? I have an old university friend who can execute the legal work but her office is 200kilometers away.
The primary upside of using a high street Earley conveyancing firm is that you can drop in to sign paperwork, deliver your identification documents and pester them where appropriate. They will also have local knowledge which is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and in the main were content that should trump using an unknown Earley conveyancing lawyer solely due to them being Earley based.