I can't travel far from Kimberley. What is the rationale as to why all Kimberley conveyancing practitioners aren't included on all mortgage company panels?
Banks point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The elimination of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for mortgage companies to review their conveyancing panels, which triggered a major policy change in the sector. It resulted in banks and building societies removing less reputable firms from their panel of approved property lawyers .
Can you explain why leasehold purchase conveyancing in Kimberley costs more?
Kimberley leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
What is the difference between a licensed conveyancer and conveyancing solicitor in Kimberley
There are many registered licenced Conveyancers in Kimberley and Solicitor partnerships in Kimberley offering conveyancing It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal work in transferring property. Both can deal with other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I'm the single recipient of my late father’s estate with all property in now in my sole name, including the my former home in Kimberley. Conveyancing formalities meant that the Land Registry date was in November. I now wish to sell up. I do know about the CML 6 month 'rule', meaning my property ownership could be considered the same way as if I'd bought the property in November. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be caught by that. Some mortgage companies would take a sensible view as this provision is chiefly there to pick up on subsales or the wholesaling and assigning of property.
We were going to get a DIP from Barclays this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Barclays recommend any Kimberley solicitors on the Barclays conveyancing panel, or is it better to go independently?
You will need to appoint Kimberley solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
I have been told that property searches are the number one reason for stalling in Kimberley conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in Kimberley.
What is different about your site and alternative web based conveyancing solicitors when it comes to conveyancing in Kimberley?
At this site get an accurate quote via a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Kimberley. As opposed to estate agents and many comparison sites we do not have referral deals with solicitors. Some agents and online brokers 'recommend' solicitors paying the highest commission, as opposed to the best value conveyancing in Kimberley