Am I correct in assuming that the fact that my solicitor in Leaves Green is not listed on my mortgage company's solicitor panel that there is a problem with the quality of her conveyancing?
It would not be wise to jump to that conclusion. There are plenty of plausible explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Leaves Green conveyancing practice and enquire why they are no longer on the approved list for your lender.
We were just about to sign contracts for a garden flat in Leaves Green. We encountered a problem. The loan offer with The Mortgage Works expires on 14/6/2024 but the vendors are suggesting a completion date of 18/6/2024. Is it possible to extend the loan offer?
The person best placed to deal with your issue is your solicitors who should calculate whether he or she is should be discussing with the mortgage company, seller’s representatives, property agents or possibly all parties taking into account the circumstances your transaction as of today.
I had intended to instruct a property lawyer in Leaves Green for our house move. Our broker has since notified us that our mortgage lenders Coventry Building Society won't deal with them. Surely this is unfair competition?
Banks in the main imposes restrictions either the category or the volume of conveyancing firms on their panel. Typical examples of such criteria being that a law practice must not be a sole practitioner. In addition to restricting the type of firm, a few lenders have reduced the number of solicitor practices they permit to represent them. You should note that Coventry Building Society have no responsibility for the quality of advice provided by any member of Coventry Building Society Conveyancer Panel. Mortgage fraud was a primary driver in the reduction of solicitor panels a few years ago even though there are differing opinions concerning the level of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms, including some in or near Leaves Green only execute very few conveyances per annum.
Me and my partner are buying a house in Leaves Green. I might seem paranoid but how we can trust a solicitor? At some point we will need to send our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Are all Leaves Green Conveyancing Quality Solicitors on the Lloyds conveyancing list of approved solicitors?
A selection of lenders now use CQS as the kick off point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of firms.
We have a mortgage agreed in principle with Leeds Building Society. Leaves Green conveyancing practitioners are selected. How long does it take for Leeds Building Society to issue the offer to the conveyancing practitioner?
Some lenders take longer than others. Have Leeds Building Society done the survey? Have you advised Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
How does the Landlord & Tenant Act 1954 affect my business premises in Leaves Green and how can your lawyers assist?
The 1954 Act provides protection to business lessees, giving them the dueness to apply to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Leaves Green