I am in the process of selling my house in Fairwater and the EA has just text me to say that the buyers are switching property lawyer. The reason given is that the lender will only work with property lawyers on their approved list. Why would a leading lender only deal with specific law firms rather the firm that they want to choose for their conveyancing in Fairwater ?
Banks have always had panels of law firms they are willing to work with, but in the last few years big names such as HSBC, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for over 25 years.
Lending institutions point to the increase in fraud as the reason for the cull – criteria have been tightened as a smaller panel is easier to maintain. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is being contacted daily by practices that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are not going to have any sway in the decision.
When can the exchange of contracts occur in purchase conveyancing in Fairwater and do I need to be at the solicitors branch?
Where you are near to our conveyancing solicitors in Fairwater you are invited in to sign documents. However, the lender approved solicitors we recommend provide a nationwide conveyancing service and give just as comprehensive and professional a job for you when communicating with you by post or email. The signing of the sale agreement is not the point of no return. Signing on the dotted line simply enables the firm to officially exchange at the suitable time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Fairwater)to be in the office at the appropriate time.
I have recentlyfound out that Action Conveyancing have closed. They conducted my conveyancing in Fairwater for a purchase of a leasehold flat 9 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The quickest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Fairwater conveyancing specialists.
My husband and I are 17 days into a freehold purchase having been referred to a firm by the local agent to perform conveyancing in Fairwater. I am am very disappointed with the level of service. Can you you assist me in finding new solicitors?
They would need to be really poor to suggest replacing them. Has your mortgage offer been generated? In the event that it has you must inform them of the new contact details and ensure the offer are re-issued. The conveyancer needs to be on the banks approved list to avoid escalating charges and delays. So that should be your starting point. Our find a solicitor tool will assist you in finding a bank approved conveyancer for your home move in Fairwater
What is the reason for new build conveyancing in Fairwater being more expensive?
Conveyancing in Fairwater for recently converted or new build homes usually involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as additional queries and contractual considerations.