Unfortunately I am unable to travel far from Mudeford. What is the rationale as to why all Mudeford conveyancers aren't included on all lender panels?
Pre- 2008 most banks displayed an approach to risk which is different from today. The FSA in 2010 carried out a thematic review into fraud which in summary warned lenders: know the conveyancing practitioners on your panel. As a result, lenders have since soughtmore data from law firms regarding their processes and the individuals employed by them and set certain criteria such as completing a minimum amount of transactions. Hundreds of law practices have been excluded from lender panels even though they had 100% healthy disciplinary record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms found it impossible satisfy the minimum volume of transactions the mortgage companies required.
I am in the process of remortgaging my flat in Mudeford, does my lawyer have to be on the Nottingham Conveyancing panel?
In theory, you could use a solicitor that is not on the Nottingham conveyancing panel, but Nottingham would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Mudeford is where the house is located. Can you shed any light on this issue?
Flying freeholds in Mudeford are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Mudeford you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Mudeford may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
How difficult is it to transfer to a new solicitor as I have to select a firm on the Leeds Building Society conveyancing list. I hired a high street conveyancing solicitor in Mudeford five minutes from me but he is not approved by Leeds Building Society
We will our best to assist in finding you a conveyancing solicitor in Mudeford on the Leeds Building Society panel. Please note that the property lawyers that we list do not pay us a referral fee if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Mudeford. Using search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Mudeford.
My husband and I are a couple of weeks into a leasehold purchase having been referred to solicitors by the high street agent to do our conveyancing in Mudeford. We are not happy. Can you help me find new lawyers?
They would have to be really poor to suggest changing them. Has the mortgage been issued? In the event that it has you need to make them aware of the replacement lawyer and have the mortgage documents are issued to the new lawyers. The conveyancer needs to be on the mortgage company approved list to avoid added charges and delays. That should be your starting point. Our search tool can assist you in finding a bank approved solicitor for your home move in Mudeford