I am progressing with the sale of my home in Heaton and Jesmond and the EA has just e-mailed to advise that the buyers are appointing a new property lawyer. I am told that this is due to the fact that the lender will only work with solicitors on their conveyancing panel. Why would a big named lender only engage with certain solicitors rather the firm that they want to appoint for their conveyancing in Heaton and Jesmond ?
UK lenders have always had an approved set of law firms they are willing to work with, but in recent years big names such as Lloyds Banking Group, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for decades.
Lenders blame a rise in fraud by way of justification for the pruning – criteria have been tightened as a smaller panel is easier to oversee. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The buyers are unlikely to have any sway in the decision.
What is your number one tip for choosing a conveyancing solicitor in Heaton and Jesmond
It would be unwise to be swayed by the lowest Heaton and Jesmond conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
I am assisting my step-mother sell her flat in Heaton and Jesmond. Does the conveyancer arrange the energy performance certificate or should I organise this?
After the demise of Home Packs, EPC’s was kept a compulsory component of moving property. An energy assessment must be to hand prior to the property being advertised. It is not something that conveyancers normally arrange. Where you are instructing a Heaton and Jesmond conveyancing practitioner they may be willing to arrange EPC’s due to their relationships with long established local providers
About to purchase flat in Heaton and Jesmond. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the UBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Heaton and Jesmond lawyer is on the UBS conveyancing panel.
It has been five months following my purchase conveyancing in Heaton and Jesmond completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Hoping to buy a property located in Heaton and Jesmond and I am already nervous. I couldn't find anything specific about Heaton and Jesmond. Conveyancing will be needed in due course but do you know about the Heaton and Jesmond area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Heaton and Jesmond. In the meantime here are some basic statistics that we found
We're first time buyers - agreed a price, but the estate agent informed us that the seller will only issue a contract if we appoint the agent's chosen solicitors as they are insisting on a ‘quick sale’. My instinct tells me that we should use a local conveyancer with experience of conveyancing in Heaton and Jesmond
It is unlikely the sellers are driving this. If they require ‘a quick sale', taking such a hostile approach to a motivated purchaser is not the way to achieve this. Avoid the agents and go straight to the sellers and make the point that (a)you are genuine buyers (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you wish to move quickly (e)however you will continue to appoint your preferred Heaton and Jesmond conveyancing solicitors - not the ones that will provide their estate agent a kickback or achieve conveyancing thresholds pre-set by corporate headquarters.