I can't travel far from Much Wenlock. Is there a reason why all Much Wenlock lawyers aren't automatically on all bank 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 conclusions included recommendations for lenders to review their conveyancing panels, which triggered a major policy change in the sector. This led to lenders culling less reputable firms off their panel of approved conveyancers .
Do banks and building societies provide you with an approved list of Much Wenlock conveyancing solicitors? How do you know who is on the Kent Reliance conveyancing panel?
Much Wenlock conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
Do the Building Society Association intend to launch a searchable register to to identify solicitors on the Darlington Building Society conveyancing panel for example in Much Wenlock?
We have not been informed any plans on the part of the BSA to promote such a register.
Various internet forums that I have come across warn that are the main cause of hinderance in Much Wenlock house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances in the conveyancing process. Searches are not likely to feature in any holding up conveyancing in Much Wenlock.
I need to retain a conveyancing solicitor for remortgage conveyancing in Much Wenlock. I have discover a web site which looks to be the ideal solution If there is a chance to get all formalities done via phone that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?