My husband and I are looking to acquire a home in Parbold and are in fact using a Parbold conveyancing practice. Within the last couple of days our conveyancer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Alliance & Leicester have this evening contacted us to advise us that they have now hit a problem as our Parbold conveyancer is not on their conveyancing panel. Is this a problem?
If you are buying a property requiring a mortgage it is usual for the purchasers' lawyers to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the bank's conveyancing panel as you are at liberty to use your preferred Parbold lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
We wanted to use a conveyancing solicitor in Parbold for our home move. Our broker has since notified us that our mortgage lenders Accord Mortgages Ltd won't deal with them. Surely this is unduly restrictive?
A decade ago most banks had an appetite for risk which was higher than today. Almost all Parbold conveyancing firms would have been on many mortgage company panels. The Financial Services Authority in 2010 completed a thematic investigation into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more information from law firms regarding their operations and their employees and set certain criteria such a completing on a minimum number of conveyancing. Many Parbold conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Parbold is amongst the numerous locations where the solicitors we recommend are are approved Accord Mortgages Ltd.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a quick, chain free conveyancing. Parbold is where the house is located. Is there any advice you can give?
Flying freeholds in Parbold are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Parbold you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Parbold may decide 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.
I need to find a conveyancing solicitor for leasehold conveyancing in Parbold. I've land on a site which appears to be the perfect solution If it is possible to get all the legals done via email that would be ideal. Do I need to be concerned? What should out be looking out for?
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?
What type of property do your Parbold conveyancing estimates apply to?
Our conveyancing quotes are only applicable to standard domestic premises in England & Wales. Where you have any different requirements such as industrial or agricultural land or commercial conveyancing in Parbold you should telephone us to discuss your requirements .