I am in the process of selling my apartment in Pitsea and the EA has just e-mailed to say that the purchasers are appointing a new law firm. The reason given is that the bank will only engage with property lawyers on their approved list. Why would a major mortgage company only work with specific lawyers rather the firm that they want to select to handle their conveyancing in Pitsea ?
Lenders have always had an approved set of law firms that can represent them, but in the past few years big names such as HSBC, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for decades.
Mortgage companies point to the increase in fraud as the reason for the pruning – criteria have been stiffened as a smaller panel is easier to keep an eye on. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The buyers are not going to have any sway in the decision.
We are a couple about to exchange contracts for a property in Pitsea. We encountered a stumbling block. Our loan offer with Britannia expires on 30/6/2021 but the sellers are insisting on a completion date of 2/7/2021. Can one extend the mortgage expiry date?
The best person to deal with your issue is your conveyancer who will hopefully assess if they corresponding with the mortgage broker, seller’s representatives, selling agents or conceivably all parties taking into account the history of your house move as of today.
Should commercial conveyancing searches reveal proposed roadworks that may impact a commercial premises in Pitsea?
Its becoming the norm that commercial conveyancing solicitors in Pitsea will perform a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Pitsea. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Pitsea.
For each commercial conveyancing transaction in Pitsea it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Pitsea commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Pitsea.
I am thinking of appointing a conveyancing solicitor in Pitsea for my sale. Is it possible to review a firm’s record with the profession’s regulator?
One can review presented Solicitor Regulator Association (SRA) decisions resulting from inquisitions commenced on or after Jan 2008. Go to Check a solicitor's record. To find records Pre 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The SRA may recorded call for training requirements.
Do online conveyancing companies undertake everything a local Pitsea solicitor does or must I retain a solicitor for the final stages for my conveyancing in Pitsea?
If you use an online conveyancer they should cover all the things your Pitsea solicitor would cover.